Uber Sued by Australian Regulator for Misleading Fares

American ride hailing company Uber Technologies Inc. (UBER) has been sued by the Australian competition regulator Australian Competition and Consumer Commission (ACCC) for misleading consumers about ride fare estimates and cancellation fees. Uber admitted to the allegations and ACCC is seeking a A$26 million ($18.69 million) fine for the United States based company. On April […]

Ola Electric to Recall 1,441 Electric Scooters Following a Fire Incidence

India based manufacturer of electric scooters Ola Electric has announced that it will be recalling 1,441 electric scooters after a one of its vehicles caught fire several weeks ago prompting a government investigation into the matter. “We will be conducting a detailed diagnostics and health check of the scooters in that specific batch and therefore […]

FTC Probing Broadcom Over Forcing Exclusive Agreements With Clients

United States based computer chip designer and manufacturer Broadcom Inc. (AVGO) is yet again under investigation by the U.S Federal Trade Commission (FTA) over complaints that it forces exclusive agreements with customers. Broadcom is a major supplier of Bluetooth and WiFi chips to companies like iPhone manufacturer Apple Inc. (AAPL). According to a report released […]

Apple Employees in Atlanta File to Conduct First U.S Union Election

On April 20th, employees at an Apple Inc. (AAPL) store in Atlanta filed a petition to hold a union election aiming to become Amazon’s first united State store to unionize especially at this time when there is a wave of labor activity at big companies. Citing a news release issued by the union and employees […]

Amazon Employees From a New Jersey Facility File for Union Election

Employees of Amazon Inc. (AMZN) working in a small facility in DNK5 depot in Bayonne, New Jersey, have are coming out expressing enough interest to hold a vote on unionizing. This development was reported by the United States National Labor Relations Board (NLRB). According to NLRB, a minimum of 60 to 200 from the small […]

Google to Invest $9.5 Billion in US Offices and Data Centers

Alphabet Inc. (GOOGL) the parent company of leading search engine Google has revealed that it will be investing $9.5 billion across its offices in the United States and data centers in 2022. This investment is higher compared to the $7 billion it invested last year. According to Google this investment will create a minimum of […]

Honda to Spend $64 Billion on Research and Development over the Next Decade

Japan based car manufacturer Honda Motor Co. (TYO: 7267) has revealed that it will be spending $64 billion for research and development activities over the next decade. The automaker made this announcement on April 12 further adding that it’s looking forward to unveiling 30 electric vehicle models by 2030. This target entails producing 2 million […]

Largest Twitter Shareholder Proposes Changes in Blue Premium Subscription Service

World’s richest man Elon Musk is suggesting major changes on the widely used social media and microblogging platform Twitter Inc. (TWTR) the changes include are mainly touching on Twitter’s Blue premium subscription service. The changes entail; reducing is subscription price, providing an option to pay in the cryptocurrency dogecoin and banning advertising. Musk took on […]

Walmart Owned Flipkart Raises IPO Valuation Target to $60-70 Billion

India based online retailer Flipkart has raised its initial public offering (IPO) valuation target by around 33% to $60-70 billion. According to sources directly involved in the matter, the Walmart Inc. (WMT) owned company is also planning a United States listing next year instead of this year. Initially, Flipkart had set a target market valuation […]

Airbnb Halts its Services in Russia and Belarus

U.S based online market place for lodging, vacation rentals and homestays Airbnb Inc. (ABNB) has suspended its operations in Russia and Belarus. The company made this announcement on April 5. “Guests globally will no longer be able to make new reservations for stays or Experiences in Russia or Belarus. Guests located in Russia or Belarus […]