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Seattle Approves Minimum Rates for Uber and Lyft Drivers

On September 29 the Seattle City Council approved the minimum pay rates for drivers who operate Uber Technologies Inc. (UBER) and Lyft Inc. (LYFT) cabs around the Seattle area. According to the new regulation which is due to take effecting starting January next year, drivers will be earning a standard minimum rate of $16.39 per […]

Twitter Removes 130 Accounts Making Disruptions During U.S Presidential Debate

Widely used social platform Twitter Inc. (TWTR) announced that it took down 130 accounts for trying to disrupt public conversations during the first U.S Presidential debate between President Trump and Democratic Party candidate and former vice President Joe Biden. According to a statement issued by the social network company, these accounts appeared to have originated […]

World Bank Seeking Approval for Extra $12 Billion Coronavirus Vaccine Funding Plan

The World Bank is seeking approval from its board to secure a $12 billion financing plan which will be used during vaccination against deadly coronavirus. This information was revealed by World’s bank president David Malpass. Malpass says the cash will be used to help third world and poor countries to secure enough vaccine doses for […]

Suspicious Logins Reported by Tyler Technologies Days After it Had Been Hacked

Largest provider of software to the private sector in the United States Tyler Technologies Inc. (TYL) has reported suspicious logins just days after the company announced that it had been hacked by a ransomware. The company said multiple clients reported suspicious logins in their accounts on September 28. On the specific day the company said […]

Democrats in U.S House of Representative Preparing a $2.2 Trillion Pandemic Stimulus Package

Richard Neal a member of the Democratic Party and a U.S. Representative for Massachusetts has revealed that democrats in the House of Representatives are preparing a $2.2 trillion stimulus package for the pandemic. Speaker of the House Nancy Pelosi says she is ready to discuss with White House on the matter. The package could be […]

Amazon Introduces Climate Friendly Program for Buyers to Get Sustainable Products

Leading online retailer Amazon Inc. (AMZN) launched a climate friendly program which will help buyers to shop for sustainable products. The company says this move is part and parcel of its expectation to be net carbon neutral by 2040. In a statement, Amazon said it has updated its platforms with 25,000 products with ‘climate pledge […]

Intel Secures License to Continue Supplying Huawei

Technology company Intel Corporation (INTC) announced having secured a license from the government of United States to continue supplying blacklisted Chinese tech giant Huawei Technologies with various products. The news was announced by Intel’s spokesperson a month ago, the company had confirmed having applied for the license only waiting for approval from involved authorities. Things […]

Nikola’s Chief Executive Trevor Milton Steps Down

The founder and chief executive officer of electric truck manufacturer Nicola Corporation (NKLA) announced having voluntarily stepped down from his role as the CEO and a board member of the Arizona based company. His resignation was prompted by allegations from a forensic financial research firm Hindenburg Research which said Milton had been spreading false statements […]

Unity Software Shares Soars High After Company Goes Public

Video gaming software development company Unity Software Inc. (U) went public on New York Stock Exchange on September 17. Shares of the company were going for $52 in the initial public offering. The company’s services are majorly used by game developers, architects and artists. Filmmakers also use the services to create, run and monetize 3D […]

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