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US FCC Urged By Chinese Telecom Firms Not To Block Operations In The Country

Tow Chinese telecom companies, Pacific Networks and its wholly owned subsidiary ComNet (USA) LLC, has called of the Federal Communications Commission (FCC) of e United States to not stop them from doing business in the US.    Three state-controlled Chinese telecommunications companies,...

IBM Exits Facial Recognition Segment Over Concerns Of Human Rights Concerns

With the tech giants of the United States coming under fire for extending technology for facial recognition to government agencies, it has beared down hard on the public image of the companies.     This backlash has now forced tech giant IBM to announce that the company was exiting...

Covid-19 Induced Salary Cuts In Emirates And Etihad To Be Extended

Middle East airlines Emirates and Etihad Airways are increasing the period for which their staff will be paid lower salaries till September this year because of the need to save on cash at hand during the economic slump because of the novel coronavirus pandemic.   The pandemic outbreak has...

GM Plans To Pre-Empt Tesla With A New Electric Van: Reuters

A new model of electric van is being developed by General Motors Co with the aim of targeting it for the business users, said a report published by the news agency Reuters. With this development GM now become part of the group of car makers that target the same segment of customers with electric...

Amazon In Negotiations With India’s Bharti Airtel To Pick Up A Stake Worth $2 Billion

Reports from India have suggested that United States based largest e-commerce company of the world Amazon is currently in talks with the Indian telecom and mobile operator Bharti Airtel to pick up a stake in the company for an estimated value of at least $2 billion. Sources reportedly told the...

Racist Abuse Defaces UK Website Of Amazon, Company Removes Slur

After racist abuse appeared on multiple listings on the UK website of Amazon, the e-commerce giant has blamed the incident on a "bad actor".   The abuse has now been removed. It had appeared on the screens of users when they researched the online market place of the company for Apple AirPods...

450 Employees It Will Sack Could Be Outsourced Work By British Airways: The Guardian

British Airways wants to outsource a section of the work it does to at least 450 employees hat the company is going to make redundant. This was reported by The Guardian.   While describing the proposal of the company as “disturbing news”, the Labour party called on the government to...

Historic Mission Of SpaceX Takes American Astronauts To ISS

In a very significant move for the United States’ privately owned space companies,  Crew Dragon spacecraft of the SpaceX was launched from NASA's Kennedy Space Center in Florida on Saturday in collaboration with NASA which ferried two American astronauts for the International Space Station...

IPO Of Coffee Maker JDE Peet Sold Out In H=Just 3 Days: Reports

The initial public offering of the second largest maker of packaged coffee JDE Peet was reportedly all lapped up within just three days. Analysts said that this tremendous enthusiasm among investors was because of a dearth of opportunities of IPOs because of the economic impact of the novel...

EUs’ Regulatory Panel Recommends Approval Of J&J's Ebola Vaccine

A recommendation for the approval of the two-dose experimental vaccine for Ebola in the European Union from Johnson & Johnson was made by a panel of the European health regulator on Friday.   An application for approval for the vaccine was submitted with the European Medicines Agency...

Renault Acknowledges Ambitions Were Too Big, To Axe 15,000 Jobs To Reduce Costs

In a major strategy rehash, the French auto giant Renault announced a total planned job cut of about 15,000 in addition to reduction in production and restructuring of its French plants, as the company acknowledged that it had previously set global ambitions that were unrealistic. Analysts see this...

Sale Growth From Pandemic Shopping For Costco, But Stay-At-Home Orders Prevented Bigger Gains

There was a surge in the business of Costco in the early weeks of the pandemic with consumers rushing to stick up essentials in bulk in anticipation of lockdowns.   However there was a drop in sales of the retailer in the month of April because of the stay-at-home orders and social...
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