Markets

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 […]

Woolworths Partners With Uber Eats for Same Hour Grocery Deliveries

Australia based online retail company Woolworths Group Ltd (ASX: WOW) has entered into a partnership with online food ordering and delivering platform Uber Eats in same hour deliveries of groceries initiative. This partnership is aimed at addressing the increase in demand of groceries, since the pandemic began, online orders of groceries has been increasing at […]

Apple Asked by Policy Groups to Drop Inspection of iMessages for Abuse Images

IPhone manufacturer and giant technology company Apple Inc. (AAPL) has been asked by more than 90 policy and rights groups through an open letter to drop its plan of scanning children’s messages for images portraying nudity and adults phones for sex child abuse images. “Though these capabilities are intended to protect children and to reduce […]

Blackberry’s Software Flaw Could Possibly Affect U.S Agencies

United States Cybersecurity and Infrastructures Security Agency (CISA) says that a software flaw in the systems of Canadian cyber security company Blackberry Ltd (BB) could possibly affect medical equipment, cars and U.S agencies. This comes after Blackberry revealed that it’s QNX Real Time Operating System (QNX RTOS) is flawed and could allow an attacker to […]

Software Maker Seismic Raises $170 Million in Latest Financing Round

San Diego based software development company Seismic Software Inc. announced having raised $170 million from its recently concluded financing round which leaves the company with a market valuation of $3 billion. The company is largely involved in making software that helps sales people engage more efficiently with buyers. The company has a client base of […]

IBM Will Only Allow Fully Vaccinated Workers Back to Office Come September 7

United Sates based technology company largely engaged in computer hardware International Business Machine Corp. (IBM) issued a statement saying that come September 7 it will only allow fully vaccinated U.S employees to go back to their offices which are set to re-open on the said date. This decision has been arrived upon due to the […]