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American Firms Speak Out Against Law Changes In Texas, Including The New Abortion Law

Displeasure on issues such as the new Texas laws on abortion, handguns, and voting limitations were expressed by a host of the companies in the United States which includes the likes of Lyft Inc, American Airlines Group Inc and Silicon Laboratories Inc, this week. This is being viewed as renewed...

Its Fintech Business Will Be Shrunk And Stock Broker Ops Sold, Says ByteDance

The financial services business of the Chinese firm ByteDance, the owner of the short video haring app TikTok, will be shrunk down while it would sell off its stock broking business unit, the company said on Wednesday, in the face of Chinese regulatory authorities clamping down on the financial...

Headquarter Employees Of Nike To Get A Week's Break To Beat Pandemic Burnout

Sport wear giant Nike has given a week off to all of the its staff at the company’s corporate headquarters in Oregon for them to support their mental health prior to them returning back to the office for regular jobs.   Starting Monday, the US firm has decided to "power down" to give rest...

Zoom Reports Its First Billion Dollar Quarterly Revenue, But Forecasts Growth Slowdown

Despite posting its first quarter where it made revenues of more than a billion dollars, the video conferencing firm ta shot to fame and became a household name during the Covid-19 pandemic - Zoom Video Communications Inc, forecast a decline in demand for its services that was higher than expected...

BoiNTech Asked By Foxconn Founder To Reserve 30 Mln Covid-19 Vaccines For Taiwan

BioNTech SE has been requested to reserve 30 million doses of its Covid-19 vaccine for Taiwan by Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn.   Gou said that he had received a "very good" response from BioNtech on his request.   It has been months that...

Lawsuit Documents Show $11.2 Bln In Revenue Made By Google Play App Store In 2019

A court filing that was unsealed on Saturday showed that revenue of $11.2 billion from its mobile app store was generated by Alphabet Inc's Google in 2019. For the first time, this offered a clear view of the financial results of the services of the company – which has been in scrutiny recently...

All Microsoft Cloud Database Users Urged By Researchers And Cybersecurity Agency To Take Action

All users of Microsoft Corp's Azure cloud platform should change their digital access keys and not just the 3,300 clients who were notified this week by Microsoft about a massive flaw in the main databases stored in the cloud platform of the company, urged the researchers who discovered the flaw....

Decision To Approve Licenses For Auto Chips For Huawei Defended By Biden Administration

After facing criticism this week for having approved licenses for auto chips for Huawei, The Biden administration has said there has been no change in policy of the United States about restricting sales of goods and technology to the Chinese company that was imposed on the firm during the...

Microsoft Emails Thousands Of Cloud Customers Warning About Exposed Databases

Hackers could have the ability to read, change or even delete the main databases of its customers, Microsoft warned thousands of its cloud computing customers on Thursday that included some of the largest companies of the world, claimed a report published by the news agency Reuters based on a copy...

Alphabet's Waymo To No Longer Sell Off Its Lidar Self-Driving Car Sensors

After striving for two years, efforts for selling its light detection and ranging (lidar) sensors to other companies has been ended by Alphabet Inc's self-driving unit Waymo, the company announced this week.   This move by the company is in contrast to its previous strategy of selling off...

Drop In Shares Of LG Chem Over GM’s EV Recalls And Battery-Fire Probe

Despite assurances from the United States based auto giant General Motors of its intention of continuing to maintain a relationship with South Korean battery maker LG Chem, investors of the later company were not convinced, resulting in shares of the company falling to a nine month low on Friday....

India's SpiceJet Hopes To Start Reuse Of Boeing 737 MAX Planes By Next Month

After a settlement agreement arrived at with lessor Avolon on leases of Boeing Co's grounded 737 MAX jets, India's SpiceJet Ltd nbow expects to get back the airplanes into its fleet and put them into service by the end of September, the airlines said.   After being grounded globally for...
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