Content that were perceived to be critical of the Chinese government were censored by the Chinese tech giant ByteDance on its news aggregator app in Indonesia between 2018 till about middle of 2020, claimed a report published by the news agency Reuters.    A team from ByteDance's...

After a continued rise in its share prices even during the novel coronavirus pandemic, Apple is set to become the first American company to reach a valuation of $2 trillion. This rise of the company also underscored the value of its iPhone ecosystem.   Compared to the lows reached in March,...

Amidst calls from different quarters to do more to prevent the spread of misinformation on the novel coronavirus pandemic, social media giant Facebook said that more than 7 million posts had been removed by it in the second quarter itself – all related to sharing false information about the novel...

The cruise industry is one of the worst hit by the novel coronavirus pandemic.   And the quarterly results from the industry are reflecting the massiveness of the pandemic hit.   A net loss of $1.6bn for the second quarter of the year was reported by Royal Caribbean Group, a period...

One of the sectors that has been most severely impacted by the novel coronavirus pandemic is the global hotel industry because of travel restrictions imposed to prevent the spread of the pandemic.   And now the true scale of the devastation for the industry is coming out as the largest of...

A new fee schedule released by the United Parcel Service Inc, it will be charging significantly  higher fees for shipments of packages from large shippers who want to send significantly more packages through its system during the holiday season even as the novel coronavirus pandemic rages on...

While the trips for ride hailing company Uber increased by 5 per cent in the second quarter from its lows in April, the company’s gross bookings were 75 per cent lower than the same period a year ago. This is the major revenues for the company in the past.   However there was an increase of...

The novel coronavirus pandemic hit on the global demand for oil and its prices has forced British Petroleum (BP) to reduce its shareholder dividend by 50 per cent while announcing a quarterly loss of $6.7bn.   For pension funds and private investors, this cut in dividends is another blow as...

The manner in which the United States is treating TikTok — the very popular video-sharing app that has come in the cross fire of the worsening US-China relations, has been described by the Chinese state media as "nasty" in the last few days.   "The US' decoupling from China starts [with]...

United States based technology giant Microsoft Corp. is in talks with the Chinese short video pp TikTok to buy out the operations of the app in the United States as well as in Canada, Australia and New Zealand, Microsoft has confirmed in a blog post on Sunday.   The company has also...

HSBC, the largest bank of the United Kingdom but with its roots deeply entrenched in eh Asian market, reported a 65 per cent year-over-year drop in its pre-tax profits for the first six months of 2020 with the bank setting aside more funds for anticipated potential loan losses that could take place...