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Facebook Staff Pressure Zuckerberg to Restrict President’s Trump Inciting Posts

Facebook Inc. (FB) employees working from home due to the pandemic took on Twitter to pressure their boss Mark Zuckerberg to put restriction on what they term as inciting posts from U.S President Donald Trump which are doing rounds on various social media platforms owned by the company. Most of them who include top management […]

April Tax Revenue for Japan Drops to a Record Low

Tax revenue for Japan in April slumped by 29.4% in comparison to what the country recorded in April last year. This goes down as the lowest monthly year-on-year tax revenue the world’s third largest economy recorded since August 2009. Due to coronavirus pandemic Japan’s government had earlier pushed back payment of taxes. On the other […]

Samsung Building a New Memory Chip Plant to Cater for PC and Server Increasing Demand

Industry data shows that demand of personal computers, servers and other consumer electronics has been increasing constantly since coronavirus kicked in forcing individuals to stay and work from home hence the need for the devices in their homes. Tech giant Samsung Electronics Co (KRX: 005930) has announced that it will be building an additional domestic […]

Billionaire Investor Icahn Ditches Hertz After Bankruptcy Filling

Wealthy billionaire investor Carl Icahn has pulled out his entire investment from Hertz Global Holdings Inc. (HTZ) just days after the embattled car rental company filed for bankruptcy. Until his exit, Icahn was the largest shareholder at the company having 39% stake in Hertz, in addition he had three representatives on the company’s board. On […]

Online Grocery Shopping Hits Record High in the UK

For the last two months a significant percentage of the world’s population has been forced to stay at homes due to lockdowns and other movement restrictions imposed by their respective governments to decrease the rate of spread of deadly coronavirus disease. Industry data provided by a market research firm Nielsen Holdings shows that in a […]

Japan Considering an Additional $930 Billion Economy Cushion

Japan is contemplating securing an additional 100 Trillion Yen ($930 billion) to further cushion the economy from economic distortion caused by the pandemic. The government is also considering lifting a state of emergency and other restriction in Tokyo and other areas. This new injection will go into aiding companies come out of plunge instilled by […]

Aston Martin CEO to be Replaced by Mercedes-AMG CEO

Chief executive officer of UK based luxury car manufacturer Aston Martin Lagonda Global Holdings PLC (LON: AML) Andy Palmer will be exiting the position in a management reshuffling process the company is undertaking. A direct involved source that declined being revealed since they aren’t mandated to speak about the matter in the public, disclosed Palmer […]

China Drops Annual GDP Target for the First Time Since 1990

China world’s second largest economy has dropped its Gross Domestic Product (GDP) target for the year citing massive disruptions of economic activities caused by breakout out of deadly coronavirus. This is the first time ever China is completely withdrawing its annual growth targets. China’s Premier Li Keqiang presented his report to the parliament, unfortunately the […]

Trump Threatens to Permanently Cut WHO Funding

U.S President Donald Trump has reignited his war with the World Health Organization (WHO) this time threatening to permanently cut out U.S funding to the organization if WHO will not commit to improvements within 30 days. In the letter addressed to WHO’s Chief, Dr. Tedros Adhanom Ghebreyesus and posted on Twitter, Trump further threatens to […]

TikTok Poaches New CEO From Walt Disney

China based video sharing social networking platform TikTok has poached Chief of streaming in mass media and entertainment company Walt Disney Co. (DIS) Kevin Mayer as its new Chief executive officer. TikTok which is owned by China ByteDance Technology Co announced the news further clarifying the incoming CEO will be assuming office in June 1. […]