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Facebook Sets Up Engineering Team In Singapore To Capture Chinese Ad Market

Even as the chief executive of Facebook Mark Zuckerberg has recently increased his criticism of China for blocking the social media network, a new engineering team is being set up by Facebook in Singapore with the aim of attracting and tapping into the lucrative China advertising business, said...

Uber Acquisition Of Careem Approved By Egypt Competition Regulator

The plans of ride hailing giant Uber to expand in the Middle East through the acquisition of the Egypt based regional rival Careem got a boost after the regulators in Egypt cleared the deal, albeit with a set of commitments from the United States based ride hailing service about not taking any...

Political Advertising Will Be Halted By Spotify In 2020

The music streaming platform Spotify has announced that political advertisement selling will be temporarily stopped by it on its platform in in early 2020.   Spotify’s original and exclusive podcasts will also be included in the temporary halt in selling advertisements later on, said the...

Tesla To Deliver First Cars From Its China Factory To Customers On December 30

After giving started construction of its only production unit outside of its home country of the United States only in January of this year, electric car maker Tesla is reportedly ready to deliver its first cars manufactured in its Chinese facility at Shanghai form December 30, according to a...

Record-Breaking Returns Season Expected By UBS Following Holiday Shopping Season

While this holiday season in the United States has been a record breaking one in terms of shopping and consequent shipping of products, the courier giant United Parcel Service (UPS) now also expects that the number of shipped returns will also reach a record high this year.   The company...

Nissan’s Turnaround Plans To Be Hit As Its Top Executive Seki Set To Resign

Nissan’s efforts and plans to stage a turnaround of its business fortune which had slumped following the arrest and ouster of its former chief Carlos Ghosn were dealt a blow after the announcement of the departure of Jun Seki, Nissan's vice chief operating officer and a former contender for chief...

Uber Co-Founder Kalanick To Leave Uber Completely To Focus On Industrial Kitchens Venture

The co-founder of Uber, Travis Kalanick, has ultimately decided to quit form the board of the ride hailing company. It was also announced that he would be selling all of his shares in the company. Kalanick will now focus his attention to setting up a new venture that would create “ghost kitchens”...

TikTok Influencers Being Used By Brands For Holiday Season Campaigning

The Chinese app TikTok that was launched just about a year ago in the United States is being used extensively by major brands for promotions of their products for the holiday season on the platform making use of influencers on the app.   In recent months, a string push has been made to...

Roche To Acquire from Sarepta Ex-US Rights To A Therapy For $1.15B

The exclusive rights to commercialization rights to SRP-9001, the United States based pharma biotech company Sarepta’s investigational gene therapy for Duchenne muscular dystrophy (DMD), will be bought by Basel, Switzerland-based Roche in a $1.15 billion deal. The deal will allow Roche to launch...

Changes To Avoid A Ban In Germany Will Be Made, Says Uber

Following the observation of a German court that some of the business processes of the ride hailing company Uber did not respect local law, the US based firm has said that it will make the necessary changes so that it can avoid being banned from the German market.   The business process...

US Sanctions On Nord Stream Sanctions Criticized By German And EU

The sanctions by the United States on companies that are currently constructing a Russian natural gas pipeline to Germany have been criticized by Germany and the European Union.   US president Donald Trump was accused of interfering in national and bloc sovereignty by both the parties....

Tesco Breaks Off With Chinese Supplier Of Cards Which Allegedly Used Forced Prison Labour

After a press report about foreign prisoners who were victims of forced labour, were used for packaging Christmas cards made by a Chinese factory, the British supermarket giant Tesco suspended ties with the Chinese supplier on Sunday. The matter came to light after a customer of the cards found...
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