A total of fourteen Chinese companies and other entities were added to its economic blacklist by the Biden administration on Friday over allegations that they were involved in alleged human rights abuses and high-tech surveillance of in Xinjiang province of China.   The companies had been...

The independent oversight board at the social media company Facebook said that the company had "misplaced" its guidance on an important exemption to the rules on its platform on dangerous individuals and organizations for a period of three years.   An original removal by Facebook of an...

The demand for its jeans, tops, and jackets saw rebound that was faster than expected over all of its market which prompted Levi Strauss & Co to forecast a strong full-year profit. The announcement was made after the company comfortably beat estimates for quarterly earnings for its latest...

The stock price of London's largest ever tech listing, that of the financial technology company Wise, ended the first day of trading at a 10 per cent rise and according to analysts, the success of this listing could also encourage other companies seeking to go public without the help of...

After a bailout by the government to rescue the company from the hit it faced because of the Covid-19 pandemic, the German airline Lufthansa made use of a corporate bond sale on Wednesday to raise as much as 1 billion euros ($1.2 billion), the company said.   The Covid-19 pandemic induced...

Strong chip prices and high demand because of a pandemic-led consumer appetite for electronics, in addition to recovering investment in data centres helped South Korea’s Samsung Electronics Co Ltd to likely propel a 38 per cent growth in its profits for the April-June quarter.   According to...

Smartphone app stores in China have been ordered not to offer Didi Global Inc's apps following findings by China's cyberspace regulator that users' personal data had been illegally gathered by the ride-hailing giant, the regulator has said.   Didi had been told to bring in changes in the...

The initial public offering (IPO) issued in the United States by the Chinese ride hailing company Didi Global Inc helped it to raise $4.4 billion as the company’s shares were priced  at the top of its indicated range while also increasing the number of shares sold, said reports quoting sources...

Crypto.com, a platform that allows its clients to purchase and sell digital currencies has struck a deal with Formula 1 for a sponsorship worth $100 million for a five year period, according rto reports quoting information from sources with knowledge of the matter.    According to the...

Federal and state antitrust complaints against the social media giant Facebook seeking a court order to force the company to sell Instagram and WhatsApp was dismissed by a judge in the United States on Monday. In the ruling the court said that the federal complaint was "legally insufficient."...

The United States based global ride hailing company Uber Technologies Inc has planned a revamped strategy for its staff to return to office according to which the company will allow its employees to work half their hours from wherever they want to.   This new strategy is planned to be...