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US Judge Dismisses Antitrust Lawsuit Against Facebook Resulting In Surge In Market Value To Over $1 Trillion

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."...

Uber Will Allow Employees To Work Up To Half Their Time From Anywhere

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...

Xinjiang Human Rights Abuse Videos Published By Rights Group Taken Down By YouTube

Some of the videos posted on Google owned YouTube by a human rights group about testimonials from people who claimed that their families had disappeared in China's Xinjiang region have been pulled down by the social media platform even after they got millions of views. As a result the human rights...

Credit Suisse Discussing A New Look Or Even Merger For Fear Of Predators - Reports

A potential merger with rival UBS for the scandal-hit Swiss bank Credit Suisse are included in a possible overhaul plan for the company and there is increasing pressure on the bank’s top management, said reports quoting information three people familiar with the matter.   According to...

Google And India’s Jio Expands Partnership, To Launch A Smartphone And Cloud Tie-Up

India’s telecom firm Reliance Jio and United States tech giant Google has deepened their partnership with the Indian firm announcing recently the launch of an "ultra-affordable" smartphone which would help to help millions of people to gain access to high-speed mobile data.  The two companies...

Cabin Crew Of Cathay Pacific Ordered To Get Vaccine Or Risk Job Loss

The aircrew of Cathay Pacific have been told that they should get vaccinated against Covid-19 by 31 August or else they will risk losing their jobs. This is because rostering of staff has become "difficult and complicated" as the airline has to segregate the staff who had been vaccinated and those...

Apple Bets On Its Physical Stores As Economies Emerge From Pandemic Closures

Apple Inc believes that a combination of strategies that it had developed and deployed during the vcodi-19 pandemic will increase the popularity of its physical stores more than ever and hence the iPhone maker is expanding its retail operations as the United States emerges from the pandemic, the...

Formal Fake Review Inquiry Started Against Amazon And Google In Britain

A formal prove that would look into whether Amazon and Google had done enough within their capacity to prevent or remove fake reviews has been started by Britain's competition regulator.   In recent years, the Competition and Markets Authority (CMA) of Britain has increased its scrutiny of...

Toshiba Board Chairman Ousted By Shareholders Over Company Pressure On Foreign Investors

Following confirmation that Toshiba Corp had colluded with the Japanese government to suppress interests of its foreign investors, shareholders of the company voted out its board chairman and one other director on Friday dealing a decisive blow in opposition to the company’s corporate governance...

US States Likely To Soon File Antitrust Lawsuit Against Google Over Play Store: Reports

Another litigation is brewing for Alphabet Inc's Google in the United States as reports suggest that a lawsuit against the tech giant which is reported will be filed by a group of state attorneys general as early as next week.   According to reports citing unnamed sources, Google will be...

Facebook To Push e-Commerce As It Expands Shops To WhatsApp And Marketplace

The "Shops" feature of Facebook Inc is being expanded for the company’s messaging app WhatsApp in a number of countries and for Facebook Marketplace in the United States, the social media giant has announced recently as a part of its efforts to bring in changes to its commerce tools.   The...

HSBC Agrees To Sell Its French Retail Bank At A Hit Of $2.3 Bln

The British bank HSBC will be selling its French retail bank to Cerberus-backed My Money Group. The deal would result in a loss of about $2.3 billion for the British lender but will also bring an end to its lengthy effort of disposing this European business unit as it is now more focused on the...
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