New York Stock Exchange (NYSE) said it will be delisting three Chinese telecom companies. This was confirmed by U.S. Treasury Secretary Steve Mnuchin who told NYSE chief Stacey Cunningham that he had disagreed with an earlier decision of reversing the delisting of these companies. Earlier, NYSE had said the companies will remain listed following a […]
Economy
Facebook and Twitter Temporarily Suspends Trump’s Accounts
Leading social media network Facebook Inc. (FB) and Twitter Inc. (TWTR) temporarily blocked the accounts of outgoing U.S President Donald trump from posting following chaos and riots emanating from unproved claims about election fraud from President Trump. Trump supporters stormed the U.S capitol on Jan 6 rioting in attempts to force congress to stop the […]
Apple Loses Copyright Claims in a Lawsuit Against a Florida Based Startup
IPhone maker Apple Inc. (AAPL) lost a copyright infringement case against a Florida based startup Corellium LLC after a federal Judge in Florida dismissed the Apple’s claim. The startup has software which helps security researchers to find security flaws in Apple products. Apple was accusing Corellium of copying its iOS operating system to create a […]
Ripple Blocked by U.S Regulator From Issuing Non-Registered Securities
Blockchain Company Ripple which is linked to cryptocurrency XRP has been blocked by United States markets regulator Securities and Exchange Commission (SEC) from conducting any unregistered securities offering. Ripple has also been charged with carrying out a $1.3 billion unregistered securities offering. Additionally, SEC also charged two top ranking officials from Ripple for the personal […]
Hacking Will Attract More Than Just Sanctions Under Biden’s Administration
Incoming White House Chief of Staff Ron Klain claims under the administration of U.S President elect Joe Biden hacking will attract more than just sanctions. Klain said Biden has already assembled a team which is putting measures in place to contain hackers especially from Russia who have penetrated a lot of U.S government entities. “It’s […]
U.S Health Worker Suffers an Allergic Reaction After Getting Pfizer’s Vaccine
A United States health worker based in Alaska got an allergic reaction after getting COVID-19 vaccine developed by Pfizer Inc. (PFE) and BioNTech SE (BNTX). This information was announced by public health authorities who said the health worker is in stable condition. A person with first-hand information on the matter said the reaction occurred minutes […]
Twitter Goes Back to Old Retweet Function After U.S Elections
Widely used social network Twitter Inc. (TWTR) announced that it will be reverting to old retweet function now that United States Presidential elections have been wrapped up. Twitter had made some changes on its platform to curtail spread of misinformation during the electioneering period. Back in October, the company made it impossible for Twitter users […]
Uber Fined by California for Failing to Collaborate in a Sexual Assault Probe
California fined ride hailing company Uber Technologies Inc. (UBER) a whopping $59 million for failing to give the California Public Utilities Commission (CPUC) crucial information needed in ongoing sexual assault and harassment cases. According to the ruling made on 14 December Uber’s permit could be suspended if the company fails to pay the fine within […]
Sinovac Receives $15 Million to Propel Production of COVID-19 Vaccine
China based Biotechnology Company Sinovac Biotech (SVA) confirmed having received a $15 million funding from a local company to increase the production capacity of its COVID-19 vaccine known as ‘CoronaVac’. Following some positive results from phase 2 clinical trials Sinovac has been expanding supply deals and trials with more countries getting on board for the […]
Canada to Introduce Digital Tax for Big Tech Companies
Canada has made public its plans to introduce digital tax on big tech companies starting from 2022. The news was announced by Finance Department of Canada which says it will impose the digital taxes until major economies come up with a coordinated approach on taxation concerning multinational tech giants. This digital tax will come into […]