Economy

Australia Contemplating New Laws for Google, WeChat and Apple’s Digital Wallets

The Australian government is contemplating introducing new laws to reinforce regulation of digital payment services by leading tech giants including Apple Inc. (AAPL) and Alphabet Inc. (GOOGL) owned Google. Austalia’s federal treasurer Josh Frydenberg, says he will carefully consider the recommendations from a government–commissioned report in establishing whether the payments systems have kept pace with […]

Facebook Contemplating Forming an Election Commission

Leading social network company Facebook Inc. (FB) is considering establishing an election commission to advice the company on matters related to global elections. Sources directly linked to the matter disclosed that the company has already reached out to policy and academics experts on the matter. The proposed commission will be mandated with deciding on matters […]

Yellen Backing Re-appointment of Powell as U.S Federal Reserve Chairman

United States Treasury Secretary Janet Yellen, is supporting the re-appointment of Jerome Powell as the chairman of the United States Federal Reserve. This information was revealed by senior White House advisers who claimed Yellen made the revelation to them. A Bloomberg reporter posted a tweet suggesting that U.S President Joe Biden is more likely to […]

Hackers Steal Personal Data of 7.8 Million T-Mobile Users

United States based wireless network operator T-Mobile US Inc. (TMUS) has revealed that hackers who compromised their systems made away with personal data of about 7.8 million postpaid current customers. The company further said investigations on the matter age going aiming to reach at the root of the matter. The company came to know of […]

U.S Planning to Administer COVID-19 Booster Shots Starting From September

The administration of United States President Joe Biden is planning to start administering COVID-19 booster shots across the country starting September. A source involved in the matter said that the initiative is only pending the authorization of the United States Foods and Drug Administration (FDA). The source revealed that health officials in Biden’s administration held […]

India Set to Unveil $1.35 Trillion National Infrastructure Plan

Anytime soon, India will unveil a $1.35 Trillion (100 trillion rupees) national infrastructure plan which is aimed at helping to generate jobs and expand the use of cleaner fuels to achieve the country’s climate goals. This information was revealed by India’s Prime Minister Narendra Modi. According to the prime minister, this infrastructure plan dubbed ‘Gati […]

Amazon Loses Case to Stop New York From Investigating Its COVID-19 Standards

U.S based online retailer Amazon Inc. (AMZN) has lost a lawsuit to stop the attorney general of New York from investigating its ability and measures it has put in place to protect its warehouse workers from COVID-19. U.S District Judge Brian Cogan in Brooklyn turned down Amazon’s claim suggesting actions by Attorney General Letitia James […]

Secretary to New York Governor Cuomo Resigns Following Sexual Harassment Allegations

Melissa DeRosa, secretary to New York Governor, Andrew Cuomo, has stepped down from her position following increasing sexual harassment cases linked to the New York Governor. This resignation comes at a time when the state attorney general released a report suggesting the Governor Cuomo sexually harassed 11 women. The secretary has been mentioned on the […]

Alibaba Suspends Several Employees Mentioned in a Sexual Assault Allegation

Giant Chinese e-commerce company Alibaba Group Holding Ltd. (BABA) has suspended a number of its employees who got mentioned in a sexual assault allegation involving a female employee of the company who claims to have been sexually assaulted by her boss and a client. Details of the ordeal were first published on an 11 paged […]

United States Approves Howitzers Sale to Taiwan

The United States’ State Department has approved a potential sale of short guns for firing shells on high trajectories at low velocities know as howitzers to Taiwan. On Aug 4, Pentagon said the State Department approved a potential sale of 40 155mm M109A6 Medium Self-Propelled Howitzer artillery systems to Taiwan in a deal worth $750 […]