Markets

Snap Inc. Hires First Global Head For User Safety

Snap Inc. (SNAP) the parent company of widely used photo messaging and short video platform Snapchat has appointed its first ever global head of user safety on its platform as part of its new ramped up measures of increasing user safety across its platform. In recent times, social media companies have been facing increasing pressure […]

Capital One Will be Testing Buy Now Pay Later Product This Year

United States based bank holding company focusing on banking, saving accounts, auto loans and credit cards Capital One Financial Corp. (COF) says that it will be testing the buy now pay later product in the course of the year. The company’s chief executive officer, Richard Fairbank, says they will be conducting this test at a […]

Spectrum Brands Selling its Hardware Division to Assa Abloy For $4.3 Billion

American home essentials company Spectrum Brands Holdings Inc. (SPB) says it has agreed to sell its hardware and home improvement division to Sweden based Assa Abloy AB (STO: ASSA) in a deal worth $4.3 billion. This deal will be an all cash one and it’s expected to be closed in the fourth quarter of the […]

JPMorgan to Acquire Majority Stake in Payment Business of Volkswagen

United States based investment bank and financial service provider JPMorgan & Chase Co. (JPM) announced that it will be acquiring a majority stake in the payment business of leading car manufacturer Volkswagen Group AG (ETR: VOW3). Volkswagen is set to roll out the payment business later in the year as Volkswagen Payments SA. The payment […]

Qualcomm Will be Supplying Chips for New Renault Electric Vehicle

Semiconductor manufacturer Qualcomm Technology Inc. (QCOM) announced that it will be supplying a key computing chip for the new electric vehicle of France based auto manufacturer Renault SA (EPA: RNO). The chip will be a computing chip for the digital dashboard, Qualcomm has been expanding its operations in vehicle chips which can power dashboard and […]

Amazon to Start Removing Inappropriate Content Violating Rules From Cloud Service

Giant e-commerce company which also engages on cloud-computing, artificial intelligence and digital streaming Amazon Inc. (AMZN) says that it will be taking more proactive measures to determine what type of content violates its cloud service policies. The United States based multinational company says it will be removing content which goes against its measures such like […]

Chinese Regulators Summon Ride-Hailing Firms Over Concerns in the Sector

Chinese regulators are raising concerns over with ride-hailing companies in the country concerning the sector, the regulators summoned firms like Meituan (HK: 3690), Didi Global Inc. (DIDI) and Caocao to discuss arising concerns in the ride-hailing sector. According to the regulators, ride-hailing companies have been hiring unqualified drivers and using promotions which disrupt fair market […]

Thailand to Start Collecting VAT From Multinational Tech Companies

Thailand announced that it will start collecting value added tax (VAT) from foreign technology companies which are operating in the country. The authorities expect this move will fetch them additional minimum revenue of $154.70 million annually. According to senior finance ministry official, Ekniti Nitithanpraphas, after adoption of the new directive, foreign companies providing electronic services […]

Musk Raises Concerns Over Nvidia-Arm Acquisition Deal

American billionaire Elon Musk is raising competition concerns over U.S based technology company Nvdia Corp. (NVDA) acquisition deal with UK based semiconductor designer Arm. Musk joins a list of multinational corporates and other high profile individuals who have reservations on this merger deal. According to the acquisition deal, Nvidia is offering to pay $12 billion […]

Walmart Unveils Last Mile Delivery Service Walmart GoLocal

Retail cooperation running a chain of hypermarkets and departmental stores Walmart Inc. (WMT) a delivery service for other merchants across the United States known as Walmart GoLocal. This initiative entails delivering items up to the last mile, Walmart will dispatch workers from its Spark delivery network from the stores selected by merchants as their pick […]