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Mackenzie Has Donated $1.7 Billion Since Divorcing Jeff Bezos

MacKenzie Scott, who is the former wife of world’s richest man Jeff Bezos said that she had donated a total of $1.7 billion in the last one year since termination of her 25 year old marriage with Jeff Bezos. In a blog post, MacKenzie says some of the cash was donated to climate change, public […]

Bank of England Contemplating Extending Payouts Suspension

The Central Bank of Britain also known as Bank of England announced that it’s considering extending a suspension of payouts by banks. The bank said it’s assessing whether to prolong the suspension of payouts including share buybacks and dividends by banks which is due end of year. “The assessment will be based on the current […]

Google Misled Users Over Data Privacy Matters Says Australian Regulator

Australia Competition and Consumer Commission (ACCA) is accusing Alphabet Inc.’s (GOOGL) search engine Google for misleading users with an aim of harvesting their personal data for targeted advertising. In a court filing, the Australia’s competition regulator is accusing Google of not properly informing users of a 2016 move which saw the combination of personal information […]

Jack Ma Summoned by an Indian Court

China’s richest man and founder of leading Chinese e-commerce Company Alibaba Holding Ltd (BABA) Jack Ma has been summoned by an Indian court after a former employee in the company filed a case claiming he was wrongfully sacked after he declined to what he viewed as a censorship of fake news in the company’s apps. […]

Hackers Had Total Control of 36 Accounts Says Twitter

Less than a week ago, widely used social network Twitter Inc. (TWTR) was the talk of town after the platform was hacked by people who scammed cryptocurrency worth more than $100,000. The hackers were mainly targeting verified accounts, whereby they gained full access of famous people’s verified accounts and tweeted on their behalf scamming unsuspecting […]

Trump Holds First Virtue Fundraiser Raising $20 Million

U.S President Donald Trump conducted his first ever virtual fundraiser on June 21 which fetched him a whopping $20 million. Trump who is seeking re-election to office under a Republican Party ticket, received over 300,000 donations. This campaign was held on Zoom platform where his supporters across the country participated in a Zoom call with […]

LinkedIn Trimming Its Global Labor Force by 6% due to Pandemic

Employment oriented online platform LinkedIn has said that it will be cutting down its global labor force by 6% which is equivalent to 960 employees. The company says the pandemic has reduced the demand of its job recruitment services. The platform is owned by Microsoft Corp. (MSFT) and it helps linking job seekers with potential […]

TikTok Contemplating Shifting Headquarters to London

Short video sharing app TikTok has said that it’s considering shifting its headquarters to London. Internal sources involved with the matter said the company’s management has been engaging the UK government for months now. For the longest time now, the China based app has been trying to distance itself from China due to the increasing […]

New York Times to Partly Move Hong Kong Office to Seoul

U.S based mass media company New York Times (NYT) has said it will be moving part of its office in Hong Kong to South Korea’s capital Seoul. This resolution comes two weeks after China passed a new security law concerning the city. The media company claims its staff members in Hong Kong have been facing […]

Hackers Penetrate Twitter Scamming More Than $100,000 of Cryptocurrency

Widely used social media network Twitter Inc. (TWTR) has said hackers managed to penetrate its internal system soliciting cryptocurrency worth millions of dollars from unsuspecting individuals. The hackers were targeting accounts of famous people in the world in their operations. According to Twitter, the hackers took control of verified accounts of high profile people in […]