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WhatsApp Payments Service Suspended By Brazil’s Central Bank

After being announced by the social media company Facebook Inc.’s WhatsApp earlier this month, its planned WhatsApp messenger payment feature has been suspended in Brazil by the country’s Central Bank. Brazil is the second largest market in the world for WhatsApp after India with more than 120...

Amnesty Says NSO Spyware Tech Used By Morocco To Spy On Journalist

Amnesty International said that in the case of spying of journalist Omar Radi, a critic of Morocco's human rights record, the Moroccan government has made use of technology developed by Israel's NSO Group.   A "sophisticated new technique" that silently installed NSO's Pegasus spyware was...

EU And J&J In Advanced Talks To Secure A Covid-19 Vaccine Deal: Reuters

The European Commission is close to securing a right to reserve or to make an up-front purchase of the still underdevelopment Covid-19 vaccine of pharmaceuticals giant Johnson & Johnson according to a report published by Reuters quoting EU officials with knowledge of the matter. The report...

Former CEO Of Wirecard Arrested In Germany Over The Missing $2.1bn

Prosecutors in Munich said that the former CEO of German payment service provider Wirecard has been put under arrest in an accounting scandal that has sent ripples throughout the global financial industry in recent times.   Markus Braun had resigned from his position in the company last...

Major Food Product Brands Like Oreo Cutting Down On Variety During Pandemic

Consumers are still constantly stocking up on food items at home and reports suggest that the variety of grocery stocks on store shelves is not what it was before the pandemic hit the world.   While one of the reasons is the faster than usual sale of such products, it is also because of...

Toshiba Plans To Sell Its Stake In Chip Giant Kioxia In A Phased Manner After Its IPO

Following the completion of the planned launch of its shares through an initial public offering (IPO) later this year, Japan’s Toshiba also plans to unwind its 40 per cent stake in Kioxia Holdings in a phased manner, said reports quoting sources with knowledge of the matter.   The...

Covid-19 Vaccine Race: GSK Aims To Be The Best And Not The First

The novel coronavirus pandemic has sent a large number of pharma companies to rush to find a vaccine for the virus. However one distinct name seems to be missing from this list of major drug makers of the world in the race to test and develop experimental immunizations against Cvoid-19, the disease...

Prepared For A Turnaround Challenge For Renault, Says Incumbent CEO

The global slump in demand for cars which existed for the last few years and which was accentuated by the novel coronavirus pandemic has pushed the French car maker Renault to take on major steps to reduce costs and a change in its leadership.   Luca de Meo, the incoming chief executive of...

Google Ends 'Tailgater' ID Checks With New Leadership Diversity Goals To Be Achieved By 2025

In order to address racial issues at its office, Alphabet's Google has announced implementation of a new hiring goal and security policy in the wake of the protests all over the United States over police brutality against African Americans that have also ignited debates and discussions about racial...

Despite Bezo’s Dispute With Saudi Arabia Amazon Launches Shopping Site In The Kingdom

Despite a dispute between the Saudi Arabian authorities and the Amazon chief executive Jeff Bezos, the largest e-commerce platform of the world launched dedicated website for the shoppers of the country reflecting the intent of the company to do business in the kingdom irrespective of the personal...

Pandemic Induced Customer Order Delays Prompts Oracle To Miss Revenue Estimates

Customers of Oracle Corp in the hospitality, retail and transportation sectors were forced postpone purchases because of the novel coronavirus pandemic which resulted in the company to report lower than expected revenues for the latest completed quarter. The performance forced the company shares...

Despite Pandemic, GM Optimistic Of Demand In US And China And EV Profitability

A very positive note about the demand for new vehicles in the United States despite the raging novel coronavirus pandemic by the top executive of the US auto giant General Motors Co on Monday. The company also expressed its confidence of selling electric vehicles at a profit – particularly in the...
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