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Racist Abuse Defaces UK Website Of Amazon, Company Removes Slur

After racist abuse appeared on multiple listings on the UK website of Amazon, the e-commerce giant has blamed the incident on a "bad actor".   The abuse has now been removed. It had appeared on the screens of users when they researched the online market place of the company for Apple AirPods...

450 Employees It Will Sack Could Be Outsourced Work By British Airways: The Guardian

British Airways wants to outsource a section of the work it does to at least 450 employees hat the company is going to make redundant. This was reported by The Guardian.   While describing the proposal of the company as “disturbing news”, the Labour party called on the government to...

Historic Mission Of SpaceX Takes American Astronauts To ISS

In a very significant move for the United States’ privately owned space companies,  Crew Dragon spacecraft of the SpaceX was launched from NASA's Kennedy Space Center in Florida on Saturday in collaboration with NASA which ferried two American astronauts for the International Space Station...

IPO Of Coffee Maker JDE Peet Sold Out In H=Just 3 Days: Reports

The initial public offering of the second largest maker of packaged coffee JDE Peet was reportedly all lapped up within just three days. Analysts said that this tremendous enthusiasm among investors was because of a dearth of opportunities of IPOs because of the economic impact of the novel...

EUs’ Regulatory Panel Recommends Approval Of J&J's Ebola Vaccine

A recommendation for the approval of the two-dose experimental vaccine for Ebola in the European Union from Johnson & Johnson was made by a panel of the European health regulator on Friday.   An application for approval for the vaccine was submitted with the European Medicines Agency...

Renault Acknowledges Ambitions Were Too Big, To Axe 15,000 Jobs To Reduce Costs

In a major strategy rehash, the French auto giant Renault announced a total planned job cut of about 15,000 in addition to reduction in production and restructuring of its French plants, as the company acknowledged that it had previously set global ambitions that were unrealistic. Analysts see this...

Sale Growth From Pandemic Shopping For Costco, But Stay-At-Home Orders Prevented Bigger Gains

There was a surge in the business of Costco in the early weeks of the pandemic with consumers rushing to stick up essentials in bulk in anticipation of lockdowns.   However there was a drop in sales of the retailer in the month of April because of the stay-at-home orders and social...

Volkswagen To Invest 2 Billion Euros In Chinese Electric Vehicle Industry To Increase Presence

Germany’s premier and world largest auto maker Volkswagen AG is set to make an investment of 2.1 billion euros in two Chinese electric vehicle players as the company attempt to boost up its presence in the electric car market of China – the largest in the world.   This move by Volkswagen...

$500 Million Fundraising Success For Didi's Self-Driving Unit Led By SoftBank

A fundraising round of over $500 million has just been successfully completed by China's ride hailing company Didi Chuxing. This round was led by SoftBank Group's Vision Fund 2 and is aimed for funding the autonomous driving subsidiary of Didi, the Chinese firm said on Friday.    This...

Novavax To Acquire Indian Vaccine Plant To Produce 1 Billion COVID-19 Vaccine Doses

With the aim of manufacturing up to 1 billion doses of its Covid-19 vaccine candidate next year, the United States based Novavax Inc is set to purchasing a manufacturing plant from privately held Serum Institute of India which is the largest maker of vaccines by volume in the world.   Czech...

Google’s Payments App Faced Antitrust Case In India: Reuters

Allegations that the tech giant Alphabet Inc’s Google is abusing its market position are being looked into by India’s antitrust body. It has been alleged that Google has been unfairly promoting its mobile payments app in the country, claimed a report by Reuters citing sources with knowledge of the...

Facebook Settles Privacy Charges In Canada With A Paltry Pay $9 Million Fine

In a settlement with the Competition Bureau of Canada, the United States based social media giant Facebook Inc. will pay $9.5 million. But eh tech giant will not admit to any wrongdoing to the charges and allegations of breach of privacy claims the company made in connection to the Cambridge...
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