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Apple Loses Some Of Its App Store Guidelines And In-App Payment Rules

Following repeated criticisms by app developers and a court case filed against it by the video game developer Epic Games against its app store policies, iPhone maker Apple Inc announced some revision in some of its App Store review guidelines on Friday.   According to the company, it has...

Citi’s Jane Fraser Becomes The First Female CEO Of Big Wall Street Bank

Citigroup’s consumer banking head Jane Fraser will be the first woman to lead a major Wall Street bank as the Wall Street lender named her to be the successor to the current chief executive officer of the bank Michael Corbat next year.   With a long career that covers investment banking,...

Independent Ethics Probe Over Lunar Lander Contract Bid Faced By Boeing: Reuters

As a part of the wider investigations of Boeing’s   behavior in bidding to supply lunar landing vehicles, an independent review of its compliance and ethics practices is being submitted by the United States based aero space company according to an according to an agreement struck with...

AstraZeneca Chief Says Still Possible To Have Oxford Covid-19 Vaccine This Year

The chief executive of AstraZeneca, Pascal Soriot, has raised hopes that the company’s novel coronavirus vaccine could still be available by the end of the year, or early next year, despite the suspension of clinical trials for the vaccine candidate following the falling ill off a volunteer....

Appeal To Court To Stop Apple's 'Retaliation' Against It Made By Fortnite Creator Epic Games

A court in the United States has been requested by Epic Games to prevent what it claims is retaliation against the Fortnite creator by Apple Inc after the iPhone maker had terminated Epic Games' account on its App Store, said the video game maker recently.   An application with the court for...

Competition Between Apple, Google App Stores To Be Probed By Australian Watchdog

A probe into the level of competition that exists between the app stores of Apple Inc and Google is to be initiated by the Australia's competition regulator – the Australian Competition and Consumer Commission (ACCC).   The ACCC said that it will also examine whether there is need for...

Samsung Wins Verizon 5G Deal Outpacing Nokia

South Korea’s Samsung Electronics has reportedly beat Finnish telecom firm Nokia to bag a part of the contract to supply new 5G equipment to Verizon in the United States, and this is being seen as a major blow to the Finnish company, claimed reports quoting information from various sources with...

News Of Possible US Ban On SMIC Sends Its Shares Plummeting

Share prices of SMIC, the largest chip maker of China, dropped by as much as 20 per cent on Monday after publication of news that the company would be hit sanctions from the United States. The rout at the stock market resulted in the company losing out $28 billion off its market value while...

No Salary For Malaysia's Airasia Founders While Staff Accepts 75% Pay Cut

While the staff of Malaysia's AirAsia Group has agreed to take a salary cut of as much as 75 per cent, the founders of the company have also decided not to take salaries in order to reduce expenditure in the wake of crash in the airline industry due to the novel coronavirus pandemic, said the...

Amid Crisis Induced Pay Cuts, Ryanair CEO Bonus Challenged

Investors and shareholders reacted critically to a proposal by Ryanair boss Michael O’Leary for a 458,000 euro ($540,600) annual bonus with an influential investor advisory firm calling on the shareholders of the company to oppose the proposed package when the proposal goes to vote in a non-binding...

US’s United Airlines To Cull 16,370 Jobs Due To Pandemic Impact

After the furlough support scheme of the United States government expires on October 1, United Airlines will be furloughing a total of 16,370 of its workers because of the impact of the novel coronavirus pandemic which has devastated the global airline industry. The airline made this announcement...

Talks On For A Possible $4 Billion Stake In India’s Teleco Vodafone Idea By Verizon And Amazon

United States based e-commerce giant Amazon.com Inc. and largest US wireless telecom carrier Verizon Communications will be holding negotiations with struggling Indian telecom company Vodafone Idea Ltd for a taking up a significant stake in the company. According to reports quoting sources, the...
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