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Gender Bias In Facebook’s Ads Tools, Shows A New Study

A study that was published recently and conducted by university researchers claimed that users of Facebook, the largest social media platform of the world, may not be learning about jobs for which they are qualified since the tools used by the company have the ability to disproportionately direct...

Chinese Antitrust Regulators Slap Record $2.75B Fine On Alibaba

In its latest drive to curb the market power of the largest internet conglomerates of the country, antitrust regulators in China slapped Alibaba with a record fine of 18 billion yuan (about $2.75 billion) on charges of violating anti-monopoly rules.   Sweeping antitrust regulations targeted...

With Epic Case Approaching Apple Argues That The Wider Video Game Market is Apt To Analyse The Case

In a federal trial scheduled to begin May 3 in relation to a case filed by "Fortnite" maker Epic Games against Apple Inc, the iPhone maker plans to defend itself against the antitrust allegations brought against it by arguing that it abundant competition is faced by it in the market for video game...

Plant Based Burger Maker Impossible Food Holding Talks To Go Public: Reports

The United States based plant based burger maker Impossible Foods Inc has been reported to be getting ready to get itself publicly listed at a potential valuation of about $10 billion or more, claimed reports quoting information from sources with knowledge of the matter.     ...

Tesla Looking For Showroom Space And Hires Lobbying Executive For Indian Market Entry: Reports

The United States based electric car maker Tesla is looking out for locations to opening up showrooms in three Indian cities, claimed reports quoting sources. The reports also mentioned about the company hiring an executive to lead its lobbying and business efforts prior to the panned entry of the...

Twitter Had Held Negotiations With Clubhouse For A $4 Billion Acquisition Bid

Talks to acquire the buzzy audio-based social network - Clubhouse, were held by Twitter Inc. in recent months, said a report published by Bloomberg quoting sources that were familiar with the matter.   The report also quoted the unnamed sources as saying that the discussions between the two...

Patent Fight Between Nokia And China’s Lenovo Settled

A patent fight between Finland’s Nokia and China’s Lenovo Group that has been going on for a couple of years now has been settled between the companies. The settlement essentially also resolves all pending litigation across all jurisdictions that have been going on between the firms, the two...

Samsung Electronics Confirms First Quarter Profit Likely Grew By 44%

South Korean electronics giant Samsung Electronics Co Ltd confirmed previous reports and estimates of its first-quarter profit on Wednesday, saying that it expects its profits for the period to rise grow by 44 per cent as analysts attributed the rise to surge in sales of smartphones and TVs even...

SoftBank’s Latest Investment Is In Warehouse Robotics Firm AutoStore For $2.8B

The Japanese investment firm SoftBank is set to acquire a 40 per cent stake in the robotics company AutoStore System in a deal that is worth $2.8 billion, the Japanese company said. AutoStore System is engaged in the specialised area of development of robotics for warehouses.   A range of...

Tesla Breaks Its Own Delivery Records For The First Quarter And Beats Forecast

United States based electric car maker Tesla Inc reported record deliveries for the January to March quarter which comfortably beat estimates of analysts at Wall Street driven by a very a strong demand for its less expensive models which helped the company to overcome the hit of a shortage of parts...

Likely 45% Growth In Q1 Profits For Samsung

There was likely a 45 per cent growth in the profits of the South Korean electronics giant Samsung Electronics Co Ltd for the January-March quarter driven by increased sales of smartphones, TVs and home appliances.   The chip business of the company however is expected to report a slash...

Unions In Germany And UK Call For Strikes At Amazon And Deliveroo Respectively Over Workers’ Rights

Workers in six Amazon sites in Germany were called to go on a strike by the country’s trade union Verdi for four days in the attempt of the unions and workers to force the largest e-commerce company of the world to accept and recognise collective bargaining agreements.   An "unofficial...
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