Economy

German Union Lobbying Amazon Employees to Strike on Prime Day

Verdi, a German trade union is lobbying workers of multinational e-commerce giant Amazon Inc. (AMZN) in the country to go on strike for several days in line with the global Prime Day promotion. Currently, Amazon has seven warehouses in German which in Europe’s largest economy. The organization said that it’s organizing a three-day strike as […]

Former Tesla President Jerome Guillen Has Sold Stock Worth $247M Since June 10

Former executive and president of U.S based electric vehicle manufacturer Tesla Inc. (TSLA) Jerome Guillen, has sold stock worth over $247 million since June 10, 2021, according to filling with the Securities and Exchange Commission. According to the documents, Guillen has exercised stock options estimated at $247 million since the said date. This filing was […]

Microsoft Chief Executive Appointed Company’s Chairman

Giant technology company Microsoft Corp. (MSFT) has named its chief executive office,r Satya Nadella, as the new chairman of the United States based company. He will be taking this position over from outgoing chairman, John Thompson. Thompson has been serving as the chairman of Microsoft since 2014, the company says following his exit he will […]

India Castigates Twitter for Failing to Comply With New IT Rules

Social media companies have been having it rough in India of late as the state decided to introduce new regulations concerning social networks operating in the country. Twitter Inc. (TWRT) is on the receiving end again after India’s government slammed the company for not complying with the new regulations. India’s technology minister is pointing out […]

China Slams G7 Says ‘Small’ Groups Don’t Rule the World

Group of Seven leaders (G7) just concluded a summit to address the coronavirus situation among other global concerns. According to reports, the seven leaders from world’s richest democracies agreed on a $1 billion COVID-19 vaccine donation among other things in the meeting. China is not a member of the G7 alliance but the influence of […]

Biden Drops TikTok and WeChat Ban Orders Issued by Former President Trump

United States President Joe Biden has dropped executive ban orders which had been issued by his predecessor President Donald Trump giant Chinese short video sharing app TikTok. The orders also included a ban on Chinese messaging, social media and mobile payment platform WeChat. Trump had issued orders blocking any new downloads these two applications in […]

Ferari Poaches New CEO From Tech Industry

Italian luxury sports car manufacturer Ferrari has decided to source its new chief executive office from the tech industry. The company announced having appointed Benedetto Vigna as the incoming CEO. Aged 52, Vigna, is the current president of STMicroelectronics– a French-Italian electronics and semiconductor manufacturer which has its headquarters in Geneva, Switzerland. This appointment comes […]

Trump Castigates Fauci in Public

The former President of United States, Donald Trump, has publicly denounced infectious disease expert Anthony Fauci concerning how he handled the coronavirus pandemic. Trump made the castigation during a speech he was making in Greenville, North Carolina. Trump echoed sentiments of Republican politicians who have been pointing fingers to Dr. Fauci for asking Americans to […]

Amazon Throws its Support Behind Legalization of Marijuana

World leading e-commerce giant Amazon Inc. (AMZN) is backing legalization of marijuana in the United States. The company made this announcement through a blog post further adding that it has dropped marijuana testing requirements for some jobs. According to the blog post, Amazon’s public policy team will be actively supporting The Marijuana Opportunity Reinvestment and […]

Britain Prime Minister Marries Fiancée in a Private Ceremony

The Prime Minister of Britain, Boris Johnson, married his fiancée Carrie Symonds in a secret ceremony held over the past weekend at Westminster Cathedral. This event took place on May 29 however not much details about it were revealed since it was of a private nature. The office of the Prime Minister confirmed the reports […]