Money

10 Alibaba Employees Fired for Leaking Sexual Assault Accusations

Chinese giant company specializing on e-commerce, internet, technology and retail Alibaba Group Holding Ltd. (BABA) has sacked 10 of its employees who leaked sexual assault accusations. The employees shared screenshots of the account of a female colleague who got sexually assaulted by a former boss. The employees were sharing screenshots of posts made by the […]

Freshworks Inc. Files for U.S Initial Public Offering

Provider of software as a service platform enabling small and medium-sized businesses to support customers via email, phone and websites Freshworks Inc. has filed for its United States initial public offering. According to the regulatory filing, the company recorded almost 53% increase in revenue as the number of new customers signing up for its services […]

First Ever Woman Elected as the President of U.S Largest Labor Organization AFL-CIO

The largest labor organization in the United States, the AFL-CIO, has made history after electing its first ever woman as the president of the organization. AFL-CIO elected Liz Shuler who is taking after former president, Richard Trumka who passed on at the beginning of the month. Liz Shuler has immense experience in matters involving trading […]

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 […]

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 […]

Secretary to New York Governor Cuomo Resigns Following Sexual Harassment Allegations

Melissa DeRosa, secretary to New York Governor, Andrew Cuomo, has stepped down from her position following increasing sexual harassment cases linked to the New York Governor. This resignation comes at a time when the state attorney general released a report suggesting the Governor Cuomo sexually harassed 11 women. The secretary has been mentioned on the […]

Spotify Records 20% Increase in Paid Subscribers in the Second Quarter

Audio streaming and media service provider Spotify Technology S.A. (SPOT) has published its quarterly reports for the second quarter ended June 30 in which it recorded a 20% in its paid subscription services. Citing the July 28 released results, the company beat Wall Street’s estimate for the second quarter of the year. Spotify reported revenue […]

Food-Tech Firm NotCo Raises $235 Million in Latest Financing Round

Food-tech company producing plant-based alternatives animal-based food products NotCo announced having raised $235 million in its recently concluded financing round. This financing round leaves the company with a market valuation of $1.5 billion. Notable personalities in the world of sports took part in the just concluded financing round among them include Roger Federer and Lewis […]

Tencent Denied Exclusive Rights in Online Music by Chinese Regulator

Chinese multinational technology company Tencent Holding Ltd. (HKG: 0700) will be denied online music rights by China’s market regulator regulator, The State Administration of Market Regulation (SAMR). The regulator says it will ban Tencent from exclusive copyright agreement and slap the company with fines for unfair market practices in the online music market. Among the […]

YouTube Pulls Down President Bolsonaro’s Videos Cites COVID-19 Misinformation

Alphabet Inc. (GOOGL) owned online video sharing platform YouTube has pulled down videos from Brazilian President Jair Bolsonaro’s channel citing that the videos spread misinformation about COVID-19 outbreak. During a press conference, YouTube said the videos were removed after careful reviews and without political considerations about President Bolsonaro or his political ideologies. Brazil is on […]