Economy

Google Inks Content Payment Deal With France

The parent company of Google Alphabet Inc. (GOOGL) announced having inked a content payment deal with France. This agreement comes at a time when Google is at loggerheads with some European countries concerning establishment of a copyright framework U.S based tech giants should use to pay news publishers for their content. This agreement opens doors […]

Google to Block Search Engine in Australia if Forced to Pay Media Companies

The parent company of search engine Google, Alphabet Inc. (GOOGL) has issued a threat that it will be blocking its search engine services in Australia if the government proceeds with a move to force Google and Facebook Inc. (FB) to pay media companies to secure the rights of using their content for news. Google now […]

Former Google Engineer Sentenced to 18 Months Pardoned by Trump

In his last day as the President of the United States President Trump fully pardoned self-driving car engineer Anthony Levandowski who had been sentenced for stealing trade secrets from Alphabet’s Inc. (GOOGL) self-driving unit Waymo. Levandowski was sentenced to 18 months in prison last August after he was found guilty of stealing trade secrets from […]

IMF Approves $2.7 Billion Credit to Panama to Cushion Pandemic

The International Monetary Fund (IMF) has approved a credit of $2.7 billion to Panama, the cash will be used by the Central American country as a cushion to come out of the plunge it found itself courtesy of the coronavirus pandemic. The executive board of IMF approved the two year arrangement under its Precautionary and […]

Turkey Imposes Advertising Ban on Twitter, Pinterest and Periscope

Turkey announced having imposed advertising bans on three social media platforms including Twitter, Pinterest and Periscope. On January 19, Information and Communication Technologies Authority in Turkey published an official Gazette notice under the new social media law imposing advertising bans on the above social platforms. Citing the Gazette notice, the ban came into effect same […]

Samsung’s Vice Chairman Sentenced to 2.5 Years in Prison in a Bribery Case

Vice chairman of South Korea based tech giant Samsung Electronics Co (KRX: 005930) Jay Y. Lee has been sentenced to two and half years in prison after he was found guilty of bribery charges by a South Korean court. In the case, Lee is accused of bribing a close associate of former South Korea President […]

Trump Enforces Ban on U.S Investments in Blacklisted Chinese Companies

With only a few days remaining in office as the President of United States, Trump has enforced the ban on U.S investments on Chinese companies which are linked to China’s military in one way or another. On January 13, President Trump signed an executive order prohibiting investments form the United States into Chinese military companies. […]

PayPal Blocks Website Which Assisted Funding for Capital Chaos

Operator of digital payment system PayPal Holdings Inc. (PYPL) has blocked a website which it says was used to raise funds for supporters of President Trump to attend and carry out an attack on the U.S Capitol last week. The website in question is a Christian crowd funding entity going by the name GiveSendGo. The […]

Amazon to Drop QAnon Products from its Platform Following Capitol Chaos

Leading online retailer Amazon Inc. (AMZN) will be removing QAnon products from its various platforms including its stores and online marketplace. Amazon claims that after some extensive scrutiny it found out that QAnon followers were part of last week’s chaos and violence at Capitol in which five people lost their lives. It’s for this reason […]

Amazon and Apple Suspend Parler from Their Platforms

Tech giant Apple Inc. (AAPL) and leading e-commerce company Amazon Inc. (AMZN) have suspended social networking service Parler from App Store and web hosting service respectively. The two companies claim main reason behind the suspension is that Parler failed to take enough measures to prevent spread of posts inciting violence across its platform which is […]