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It Is Not Interested In Adding Bitcoin As A Payment Method, Says Fintech Giant Adyen

Claims of some experts and analysts that bitcoin can turn out to be a mainstream form of payment has not convinced Adyen - the European fintech firm that processes payments for large companies such as Facebook, Netflix and Uber.   Bitcoin and other crypto currencies are low on attractiveness...

Uber Reduces Losses With Modest Growth In Ride Hailing And Continued Growth In Delivery

Ride hailing company Uber Technologies Inc reported a small loss with the pandemic hit to its ride-hail and delivery businesses ebbed away from lows, the company said on Wednesday.   The company also said that it was in line to achieve an adjusted profit by the end of the current year....

Consideration Of Holding Bitcoin Was Made By Twitter But No Decision Yet

According to the social media platform Twitter’s chief financial officer, Ned Segal, the aspect of holding bitcoin on its balance sheet has been given a thought by the social media company but has not brought in any changes as yet.   The consideration of the paying vendors or employees using...

Tesco Shareholders Bring Resolution To Vote On More Healthy Products

Shareholders of the biggest food retailer Britain – Tesco, will put pressure on the company to set targets for increasing the proportion of healthy products that it sells when they vote on a resolution to this effect at this annual meeting of the retailer later this year.   According to a...

Probe Of Inappropriate Relationship Results In Resignation Of Lilly Says CFO

Following an investigation by the company about an alleged unethical personal relationship of the Chief Financial Officer Josh Smiley of Eli Lilly and Co found the executive to have indulged in “inappropriate personal communication” with some company employees, the executive has resigned, the...

US Chat App Clubhouse Attracts Chinese Users As It Still Evades Censorship

The United States based privately held audio app Clubhouse us attracting a large number of new users from mainland China where there is still no censorship of the app by the Chinese authorities even though the platform is being used as a space for flourishing discussions on rights, national...

No Talks As Of Now With Apple On Autonomous Cars, Says Hyundai And Kia

After weeks of speculations in the media about a possible partnership between the South Korean auto giant Hyundai Motor Co and the iPhone maker Apple for making self-driving cars, which also propped up the stocks of the car maker, the South Korean company announced that it is no more in in talks...

Facebook On A Tight Rope Walk In Myanmar After Ban

Among the first things that that the military rulers of Myanmar did after the coup on Monday was to ban Facebook in the country where almost half of the population are users of the social media. According to analysts that order on Facebook by the military rulers also capped off a long standing...

After Facebook, Twitter And Instagram Also Banned By Myanmar Military ‘Until Further Notice’

According to the Norwegian telecom Telenor, access to Twitter and Instagram have been ordered to be blocked for users in Myanmar until “further notice”. This blockade was ordered issued to the mobile operators and internet service providers by the new military rulers of the country on Friday after...

Google Rolls Out Paid-For Australia News Platform In Response To Proposed Content Payment Law

Google attempted to show as being unnecessary the proposed new law in Australia about sharing revenues with the new outlets whose content is used by the search engine giant by launching a platform in Australia that offers the news that it has paid for to acquire as it strikes its own content...

Strong Hong Kong Debut For Tencent-Backed Chinese Short Video Firm Kuaishou

Following a $5.4 billion initial public offering (IPO) by Kuaishou Technology on Friday, the shares of the tech firm increased by three-fold at the Hong Kong stock market.   According to analysts this surge in demand for the company’s shares reflect a global retail trading frenzy which drew...

Samsung Considering Austin For Its New Chip Plant In The US Worth $17 Billion

The South Korean electronics giant Samsung Electronics Co Ltd is planning to set up a new $17 billion chip plant and is considering Austin, Texas, in the United States as one of the possible sites. According to documents filed with Texas state officials by Samsung, this new factory will help to...
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