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UK Government And JLR, Tata Steel Negotiations On Bailout Fails

British luxury car company Jaguar Land Rover and Tata Steel, both owned by the Indian conglomerate Tata, have been left to fend for themselves and rely on private financing to recover from the impact of the novel coronavirus pandemic on their businesses, after negotiations of the two companies with...

Apple Bans Fortnite From Its App Store, Maker Epic Games Files Suit Against iPhone Maker

One of the world's most popular games Fortnite has removed by Apple from its App Store which now prevents iPhone users from downloading the game.   This move was taken by Apple following an update by Fortnite for its users in which it allowed users to avail a rebate for players purchasing...

Google Will Not Respond Directly To Data Requests From Hong Kong From Now On

As a response to the imposition of the controversial national security law in Hong Kong in June this year, Alphabet's Google will no longer conceded to requests for data by the Hong Kong authorities and the company has said it will not provide data. This was announced by the United States based...

Walmart's Flipkart Partners With Indian Startup To Foray Into Alcohol Delivery: Reports

Flipkart, Walmart’s e-commerce platform in India will now deliver alcohol to customers. The major rival of Amazon in the Indian market, Flipkart has reportedly already struck a partnership for the deliveries with a startup that has the backing of spirits giant Diageo and deliveries will initially...

Intel’s Chip Performance Can Be Boosted By 20% By Its New Transistor Technology

The performance of Intel’s next round of processors could be boosted by as much as 20 per cent by the use of a new method for making transistors on semiconductors, said the chief architect of the new technology on Thursday.   Designing and manufacturing of its own chips is done by the Santa...

Anti-China Content In Indonesia Was Censored By ByteDance Till Mid-2020: Reuters

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...

Apple Set To Become The Second Ever $2 Trillion Company Of The World After Saudi Aramco

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,...

Million Posts Sharing Misinformation On Coronavirus Removed By Facebook In Second Quarter

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...

Covid-19 Hit: Cruise Company Royal Caribbean Reports $1.6bn Los For Q2

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...

Pandemic Hit, Hotel Chain Marriot Reports Bigger-Than-Expected Loss For Q2

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...

Increased Delivery Fees During Holiday Season To Be Implement By UPS

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...

Uber’s Ride Haling Takes Pandemic Hit But Revenue Of Food Delivery Doubles

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...
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