Twitter plans to revamp labels with color for ‘misleading’ tweets
  Author: Mateen Dalal

American micro blogging and social networking platform, Twitter Inc., has announced that it is testing new methods to contextualize misleading tweets that are not harmful enough to be removed from the platform entirely...

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German unemployment rates fall as number of COVID-19 cases deteriorate
  Author: Nikita Chaurasia

The unemployment rate in Germany has reportedly dropped to 5.7% in June as the Western European country records a sharp decrease in Coronavirus infections. The Federal Labor Agency ...

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Cairn targets India’s foreign assets to recover its arbitration award
  Author: Nikita Chaurasia

Britain’s Cairn Energy plc is reportedly going after the assets of Indian state-owned banks and firms in foreign countries, as it seeks to recover the amount due from the government after an arbitration against A...

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Envision Group to invest USD 2.4 Bn for Renault’s electric vehicles
  Author: Mateen Dalal

Envision Group of China is reportedly planning to invest up to USD 2.4 billion (2 billion euros) in a battery plant in northern France to make way for a low-cost electric vehicle range from Renault SA. ...

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Ride-hailing giant Didi targeting USD 60 billion valuation in U.S. IPO
  Author: Nikita Chaurasia

China-based vehicle for hire company, Didi Chuxing Technology Co., is reportedly planning to list 288 million American Depository Shares on the New York Stock Exchange under the ticker symbol ‘DIDI’. ...

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India proposes strict compliance rules for online shopping platforms
  Author: Mateen Dalal

The Ministry of Consumer Affairs in India is reportedly planning a ban on flash sales conducted on e-commerce platforms and ensuring that affiliate entities are not listed as sellers on such websites, in a proposed tig...

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Amazon investigating the Prime team over gender inequality allegations
  Author: Nikita Chaurasia

Amazon has launched an investigation on its Prime team after the Insider reported some gender inequality allegations. These complaints are primarily about the Prime team’s gender-biased working nature and workpla...

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Westlake buys Boral’s building products business for USD 2.15 billion
  Author: Nikita Chaurasia

The addition of Boral’s portfolio will double Westlake’s building products business and expand its footprint. The transaction is set to...

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Coretec Group, Eindhoven University join hands for research works
  Author: Nikita Chaurasia

U.S.-based new silicon products pioneer Coretec Group Inc. has reportedly entered into a research partnership with Eindhoven University of Technology (TU/e), which is among the leading 50 universities in engineering an...

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FedEx partners with Nuro to develop autonomous package delivery systems
  Author: Nikita Chaurasia

FedEx Corporation and robotics startup Nuro have reportedly signed a multi-year agreement to develop and test last-mile delivery using autonomous vehicles. The American multinational delivery giant will be using its Ho...

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Amazon might face USD 450 million fine for violating EU privacy reforms
  Author: Nikita Chaurasia

Online retailer Amazon might face a USD 425 million fine for allegedly violating EU privacy laws. The case is related to alleged infringements of EU’s General Data Protection Regulation, GDPR, which were implemen...

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Volkswagen invests USD 620 million in Northvolt’s latest funding round
  Author: Mateen Dalal

Northvolt will use the fresh funds to expand its manufacturing capabilities to cater to the rising demand for electric vehicles. Volkswagen current...

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Ericsson to back UNICEF’s efforts against COVID-19 pandemic in India
  Author: Nikita Chaurasia

Renowned multinational networking and telecommunications giant Telefonaktiebolaget LM Ericsson has announced that it will support UNICEF in addressing urgent healthcare needs in India that have arisen amid the second w...

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Ford Motor temporarily halts its Mustang Mach-E deliveries in the U.K.
  Author: Nikita Chaurasia

American automotive giant the Ford Motor Company has reportedly paused the deliveries of its first long haul EV namely, the Mustang Mach-E, in the U.K. The delay is caused by an issue with the eCall system which failed...

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Airtel Africa sells its Tanzanian tower business for USD 175 million
  Author: Mateen Dalal

Multinational telecom and mobile service company Airtel Africa plc has recently announced the sale of its Tanzanian tower portfolio to a joint venture enterprise of SBA Communications Corp. as well as Paradigm Infrastr...

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Nestlé faces heat over unhealthy products, plans to revamp portfolio
  Author: Nikita Chaurasia

Swiss multinational food and beverage conglomerate, Nestlé S.A., is reportedly planning to upgrade its health and nutrition policy after an internal document revealed that the company described a major portion o...

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Eli Lilly & Co. faces criminal probe into alleged manufacturing errors
  Author: Nikita Chaurasia

The U.S. Department of Justice has reportedly launched a criminal probe into pharma company, Eli Lilly and Co., to investigate alleged irregularities in manufacturing, and tampering records at a plant that produces the...

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Tesla faces multiple lawsuits in the U.S. for solar roof price hikes
  Author: Mateen Dalal

A new lawsuit was recently filed against Tesla Inc. in California, seeking class-action status for its ‘Solar Roof’ customers. This is the second lawsuit filed in California following similar litigation in ...

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California regulator introduces new EV mandates for ride-hailing giants
  Author: Nikita Chaurasia

California’s clean air regulator has reportedly released new guidelines, making it compulsory for ride-sharing platforms such as Uber and Lyft to use electric vehicles. This move is a first-of-its-kind by any U.S...

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United Airlines to add over 400 flights in July amid surge in bookings
  Author: Nikita Chaurasia

United Airlines Holdings Inc. is expected to add over 400 flights to its July schedule to meet the rising demand post-pandemic relaxations. The American airliner is also planning to increase the frequency to the Europe...

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DCGI gives greenlight to Covaxin phase 2,3 trials for 2 to 18 year-olds
  Author: Mateen Dalal

The DCGI (Drugs Controller General of India) has reportedly approved Hyderabad-based firm Bharat Biotech's proposal to conduct Phase 2 and 3 clinical trials of the COVID-19 vaccine, Covaxin, among children aged 2 t...

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Tesla halts Shanghai plant expansion as U.S.-China tension intensifies
  Author: Nikita Chaurasia

American electric vehicle company Tesla Inc. has reportedly put a halt on its plans to buy land for the expansion of its Shanghai plant, due to the emerging uncertainties brought forth by rising political tensions betw...

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Amazon blocked 10 billion listings amid rising counterfeiting concerns
  Author: Mateen Dalal

For a while, Amazon has been facing a lot of pressure from brands, customers, and lawmakers to boost its anti-counterfeiting efforts on its renowned platform. Recently, the world’s largest online retailer has cla...

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Chinese EV manufacturer NIO sets foot in Europe for the first time
  Author: Nikita Chaurasia

Chinese multinational automobile manufacturer NIO has reportedly entered the European market by opening its first outlet in Norway. The automaker has set up a separate website for its Norwegian counterpart, where peopl...

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Facebook, Google sign content deals with Australia’s Seven West Media
  Author: Mateen Dalal

Seven West Media, an Australian newspaper and television firm, has reportedly signed a content deal with Facebook Inc. and Google LLC in the wake of recent landmark laws that have enabled the industry to obtain new rev...

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Uber to hire 20,000 drivers in the U.K. as post-lockdown demand surges
  Author: Nikita Chaurasia

After lockdown rules eased last month, Uber is reportedly looking to sign up another 20,000 drivers by the end of the year, adding to the 70,000 it already employs in the UK. Uber r...

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Porsche India witnesses highest quarterly sales growth in 7 years
  Author: Mateen Dalal

Porsche India has reportedly witnessed a whopping 38% quarterly growth as compared to the same period during the previous year. The company’s range of two-door sports cars has witnessed a 26% year-on-year increas...

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Indian FMCG firms report high demand for sanitizers amidst second wave
  Author: Nikita Chaurasia

India’s leading FMCG companies such as ITC Limited, Patanjali Ayurved, and The Himalaya Drug Company have reported high demand for their health and hygiene products recently. ...

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Facebook to allow staff to permanently work from home post the pandemic
  Author: Mateen Dalal

Social media giant Facebook Inc. is reportedly planning to allow staff to continue working from home even after the Coronavirus pandemic ends. Eligible staff will be able to apply for permanent work from home, although...

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Xiaomi and Oppo team up with UNISOC to manufacture in-house 5G chipsets
  Author: Mateen Dalal

The two companies intend to introduce their custom-made sub-6GHz 5G chipsets by the end of 2021. UNISOC has managed to raise around USD 817.20 mil...

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AirAsia shares slump by 6.2% after it posted its record quarterly loss
  Author: Nikita Chaurasia

According to reliable sources, shares of Air Asia Group Berhad fell by 6.2% in the first half-session of trading post the announcement of its record quarterly loss. Lockdowns in Mal...

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U.S. extends antitrust probe on Sony Corp. over ‘Anime’ monopoly
  Author: Mateen Dalal

The US Department of Justice is reportedly extending its antitrust review for the USD 1.175 billion acquisition deal between Sony and AT&T for major anime-streaming giant Crunchyroll last year. ...

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ByteDance-owned Nuverse to acquire Moonton Technology for USD 4 billion
  Author: Mateen Dalal

Nuverse, a ByteDance-owned game development and publishing company, has reportedly signed an agreement to acquire Shanghai-based video game developer Moonton Technology. The USD 4 billion acquisition will allow ByteDan...

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Schlumberger to develop new lithium extraction pilot plant in Nevada
  Author: Mateen Dalal

Schlumberger New Energy, a leading energy technology provider, has recently announced the development of a new lithium extraction pilot plant through NeoLith Energy, its new venture. This new plant will be deployed in Cl...

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FAA grants approval for mass air shipment of Pfizer’s COVID-19 vaccine
  Author: Nikita Chaurasia

Chicago-headquartered airline company United Airlines Inc. has reportedly started operating charter flights for the distribution of Pfizer Inc.’s COVID-19 vaccine after receiving approval from the Federal Aviatio...

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Britain’s CMA to levy tougher competition rules on Google and Facebook
  Author: Mateen Dalal

Facebook and Google accounted for around 80% of the total 14 billion pounds spent on digital advertising in 2019. MOW has reportedly accused Google...

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Amazon, U.S. Government team up to prevent sale of counterfeit goods
  Author: Mateen Dalal

According to reliable sources, Washington-headquartered American multinational technology company, Amazon.com Inc has reportedly initiated a joint venture with the U.S. government’s counterfeit agency, the IPR Ce...

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Twitter releases plans to relaunch verification program in early 2021
  Author: Nikita Chaurasia

Twitter Inc. has reportedly planned to relaunch the user verification program as well as a new public application process by 2021. According to reliable sources, the move will allow the American social networking compa...

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Qantas aims to expand international flights by 50% of pre-COVID levels
  Author: Nikita Chaurasia

According to reliable sources, Australia’s leading airline Qantas Airways Limited, is aiming at restoring its international flight services by 50% by mid-2021 as compared to its normal capacity before the advent ...

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NHS to initiate COVID-19 vaccine distribution by the end of November
  Author: Nikita Chaurasia

  The vaccine will be first delivered to homecare residents, frontline healthcare professionals and people over 80 years. Reportedly,...

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Denmark detects COVID-19 mutation that may hinder vaccine development
  Author: Nikita Chaurasia

  Around 217 farms in Denmark have been detected with the mutated COVID-19 virus. Reportedly, the WHO has not yet decided if the mutat...

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MHRA starts rolling reviews of AstraZeneca’s COVID-19 vaccine candidate
  Author: Nikita Chaurasia

British multinational pharmaceutical company AstraZeneca Plc has reportedly announced that the Medicines & Healthcare Products Regulatory Agency (MHRA) has begun an accelerated rolling review of its potential COVID...

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MRI Software announces acquisition of Jenark™ from CoreLogic
  Author: Mateen Dalal

MRI Software, one of the leading providers of innovative real estate software applications, has reportedly acquired Jenark™ property management software from CoreLogic Inc. Th...

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AstraZeneca and Oxford’s COVID-19 vaccine shows promising results
  Author: Nikita Chaurasia

The vaccine AZD1222 has reportedly triggered lower adverse response among elderly participants.   Oxford’s and AstraZeneca’...

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Google sued by Justice Department for illicitly holding monopoly power
  Author: Nikita Chaurasia

The U.S. Justice Department has reportedly filed a landmark lawsuit against Google LLC of illegally safeguarding its monopoly in order to dominate the search and advertising vertical. If reports are to be believed, the...

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Britain hits an absurdly high average asking price for homes
  Author: Nikita Chaurasia

Reportedly, the average asking price of houses in Britain has reached an all-time high, with buyers willing to spend more for larger properties after experiencing the COVID-19 lockdown. ...

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Regeneron’s Inmazeb drug receives FDA approval for treating Ebola virus
  Author: Nikita Chaurasia

According to reliable sources, New York-headquartered biotechnology company, Regeneron Pharmaceuticals Inc. has recently made it to the headlines after its patented Inmazeb drug received approval from the U.S. FDA (Foo...

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Eli Lilly halts COVID-19 antibody treatment trial over safety issues
  Author: Nikita Chaurasia

  The announcement comes along the heels of a sudden spike in the number of coronavirus cases across U.S. Eli Lilly’s shares dro...

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Facebook, Twitter suspend over 3500 accounts to curb disinformation
  Author: Nikita Chaurasia

Social networking giants Twitter Inc. and Facebook Inc. have recently made it to the headlines for suspending more than 3500 accounts that used fake identities on their platforms to convey misleading information. ...

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Facebook and other tech giants under scanner over monopoly power
  Author: Nikita Chaurasia

  A report drafted by House Democrats has appealed the Congress to reform antitrust laws. The House Democrats claim the tech giants s...

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U.S. oil refineries look to outrun Canada’s renewable diesel production
  Author: Nikita Chaurasia

According to credible sources, American oil refineries are making swift moves to produce renewable diesel in order to profit from Canada’s greener fuel standards before the country’s refiners modify their o...

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Google may face lawsuit from DOJ over search and advertising dominance
  Author: Nikita Chaurasia

  Google has been accused of depriving rivals from essential user preferences and data Google’s search advertising feature has a...

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JPMorgan to move USD 234 billion worth assets to Germany before Brexit
  Author: Nikita Chaurasia

  JPMorgan indicated plans to expand its hub in Paris by reassigning services based in London post Brexit The bank plans on completing...

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Nike plans to exit brick & mortar stores, records mega returns online
  Author: Nikita Chaurasia

U.S.-based multinational sports apparel firm, Nike Inc., has reportedly revealed a significant upturn in their digital sales amid the COVID-19 pandemic, recording a revenue of USD 10.6 billion. Sources close to the mat...

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Experts find druggable pocket in COVID-19, could lead to new antivirals
  Author: Nikita Chaurasia

An international team of scientists, which was led by the University of Bristol, has reportedly discovered a druggable pocket in SARS-CoV-2 (coronavirus) Spike protein which can potentially be utilized to prevent the v...

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Airlines and labor unions request USD 25 billion more in federal aid
  Author: Nikita Chaurasia

Airline CEOs and labor unions have reportedly requested for additional USD 25 billion in federal aid amidst the rising concerns of more than 30,000 jobs being at stake. Sources with relevant information stated that air...

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YouTube accused of collecting data of underaged British children
  Author: Nikita Chaurasia

  The company reportedly breached EU’s General Data Protection Regulations and UK’s Data Protection Act. The case will foc...

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AstraZeneca shares drop by 6% after halting COVID-19 vaccine trials
  Author: Nikita Chaurasia

AstraZeneca plc, a British-Swedish pharmaceutical & biopharmaceutical leader, has recently made it to the headlines for witnessing a 6% plunge in shares after voluntarily halting its late-stage trial for a potentia...

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Philips’ contract of supplying ventilators to HHS partially terminated
  Author: Nikita Chaurasia

Royal Philips, global leader in health technology recently declared to have halted the supply of ventilators to the U.S. Department of Health and Human Services (HHS), after receiving a notice regarding partial termina...

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More flights to take off from America to China and vice versa
  Author: Nikita Chaurasia

The U.S. Transportation Department recently announced that China and United States will allow the air carriers to increase the number of flights from four to eight per week between world’s biggest economies. ...

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Oracle Corporation enters the race of acquiring TikTok in the U.S.
  Author: Nikita Chaurasia

  The California-based tech giant is working with U.S.-based venture capital firms to buyout TikTok Oracle’s interest in TikTok ...

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WeChat, Signal app downloads spiked in U.S. after Trump threatens ban
  Author: Nikita Chaurasia

After President Donald Trump threatened to impose a ban on WeChat and its alternative Signal in United States, the number of downloads of the Chinese apps spiked for a short duration of time in the country. As per reli...

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Court wards off Uber, Lyft from classifying drivers as freelancers
  Author: Nikita Chaurasia

A California judge has reportedly issued a preliminary injunction that would prevent ride-hailing companies Lyft Inc. and Uber Technologies Inc. from classifying their drivers as freelancers rather than employees. The ...

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Uber, Lyft sued for alleged wage theft by California labor commissioner
  Author: Nikita Chaurasia

America-based ride sharing companies Uber Technologies Inc. and Lyft Inc. have been reportedly sued over alleged wage theft by California labor commissioner. According to the lawsui...

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Nigeria gives green light to N8.64bn fund for Siemens electricity deal
  Author: Nikita Chaurasia

Federal Executive Council of Nigeria has reportedly authorized President Mohammadu Buhari’s initiative to release €15.21 million (N8,648,081,465.2) or N1.708 billion in onshore and N6,940,081,465.20 in offsh...

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Nike aborts plans for Goodyear factory amid COVID-19 outbreak
  Author: Nikita Chaurasia

America-based multinational sports apparel company Nike Inc. has reportedly abandoned its plans to develop soles for its Nike Air shoes in Goodyear plant in Arizona. Sources close to the matter stated that the company ...

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NZ government to allot USD 51 Mn for international education sector
  Author: Nikita Chaurasia

According to reliable sources, the New Zealand government is planning to invest USD 51 million in a bid to keep the international education sector running following the ramifications of COVID-19 pandemic. It has also w...

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South Korea falls into recession as exports dip most since 1963
  Author: Nikita Chaurasia

The South Korean economy is facing its worst decline in over 20 years after it fell into recession in the second quarter as the COVID-19 pandemic has withheld export operations, with social distancing norms shrinking f...

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Worldwide markets to recover on apparent COVID-19 vaccine and EU deal
  Author: Nikita Chaurasia

Amidst the economic slowdown stemmed by the outbreak of COVID-19, sources with relevant information stated that the euro reached an 18-month high while the stock market is witnessing a steady progress. The recent surge...

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Online orders surge, Hermes to recruit 10,500 new people in UK
  Author: Nikita Chaurasia

As reported by credible sources, Hermes, a parcel delivery firm, declared that it will generate more than 10,000 jobs in the UK, driven by the unprecedented increase in online shopping due to the outbreak of COVID-19 p...

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Glenmark faces heat from DCGI over false claims of FabiFlu drug
  Author: Nikita Chaurasia

V.G. Somani, Drug Controller General of India, the head of Central Drugs Standards Control Organization (CDSCO), recently inquired Glenmark Pharmaceuticals Ltd., headquartered in Mumbai, over its alleged false claims o...

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AI-centric study abroad platform Edvoy launched by IEC Abroad in India
  Author: Mateen Dalal

AI oriented study abroad platform, Edvoy, based out of UK, has reportedly declared its launch in India.  Edvoy, created by IEC Abroad, is a free digital platform that provides impartial advice, support, and conten...

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Spanish study raises questions on herd immunity to counter COVID-19
  Author: Mateen Dalal

According to credible sources, a Spanish study has raised doubt about the feasibility of herd immunity as a method of countering the COVID-19 pandemic. The study, which is considered to be the largest of its kind in Eu...

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UK market regulators inspect Apple’s search engine deal with Google
  Author: Mateen Dalal

The U.K. Competition and Markets Authority has recently revealed that payments by Google to Apple Inc. to become the default search engine on the tech firm’s Safari web browser creates a barrier to entry and expa...

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Target to add fresh & frozen groceries to its pickup services in U.S.
  Author: Nikita Chaurasia

America-based retail company Target Corporation is reportedly planning to add fresh & frozen groceries to its curbside and in-store pickup services in U.S. If sources are to be believed, the new service will add 75...

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VW not likely to be shielded from local governments, says US court
  Author: Mateen Dalal

A U.S. appeals court has recently ruled that the German automotive major Volkswagen will not be able to escape financial penalties and other liabilities emerging from the company’s diesel emissions scandal. ...

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NSW calls for project ideas for its 1st renewable zone in Central West
  Author: Mateen Dalal

Public intervention in any form of producing unique ideas and solutions to support the government initiatives, has always been acclaimed as a commendable effort. This eventually has urged various state and central gove...

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Emirates could slash 30,000 jobs to lower cost during COVID-19 crisis
  Author: Nikita Chaurasia

Emirates Group has reportedly been planning to lay off around 30,000 jobs in order to lower the cost amid the pandemic outbreak, that will soon bring the total number of employees working by nearly 30% from over 105,00...

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Grant worth $6mn introduced in Singapore to support FinTech companies
  Author: Nikita Chaurasia

The recent coronavirus pandemic has largely affected umpteen businesses globally. In a bid to help Fintech companies meet their day-to-day expenses, the Monetary Authority of Singapore (MAS), has established the FinTec...

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Woolworths to open added home delivery windows amid COVID-19 lockdown
  Author: Nikita Chaurasia

Woolworths, the Australia-based chain of grocery stores and supermarkets, will reportedly be opening thousands of additional weekly home delivery windows that would help the online customers with shopping. The extra ca...

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UNSW announces POC to enable cheaper & robust quantum computing
  Author: Mateen Dalal

Researchers at the University of New South Wales (UNSW) have recently made claims on finding a proof of concept to deliver cheaper, warmer, and robust quantum computing which can be manufactured using conventional sili...

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Airbus cuts back production of jets amid rising COVID-19 concerns
  Author: Mateen Dalal

Aircraft manufacturer Airbus is reportedly set to reduce jet plane production by a third. This decision has been taken considering the possibility of further impact on the global aviation industry by the coronavirus ep...

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WhatsApp limits forwarding to curb spread of fake news during COVID-19
  Author: Mateen Dalal

WhatsApp, the renowned internet-based messaging app, has reportedly announced plans to start putting a considerable limit on message forwarding, in an effort to curb the spread of false information in the midst of the ...

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Virgin Orbit to mass-produce ventilator devices for U.S. hospitals
  Author: Mateen Dalal

Virgin Orbit, the rocket company of Richard Branson based in California, has recently partnered with medical researches and for the development of a ventilator device that the company has been aiming to mass-produce an...

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Alibaba & Jack Ma foundation announces aid for 10 more Asian countries
  Author: Mateen Dalal

As the number of COVID-19 cases grows across Asian countries, several global organizations are stepping up to help curb the growing spread of the disease by offering several aids such as masks, check-up kits, and other...

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ServiceNow unveils four emergency apps for COVID-19 crisis management
  Author: Mateen Dalal

As the fear of the coronavirus outbreak is growing across the world, tech companies are rolling out new apps to safeguard its clients. A similar instance came into light when ServiceNow, Inc., one of the leading digita...

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ABLIC unveils new series of automotive single-chip power supply ICs
  Author: Nikita Chaurasia

ABLIC Inc., a Japanese semiconductor manufacturing company, has recently introduced a new series of automotive low dropout voltage regulators enabled with voltage monitoring feature. Reportedly, the S-19310/S-19315/S-1...

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K-Tec acquires Ashland Industries to enhance geographical footprint
  Author: Mateen Dalal

K-Tec Holdings LLC, an earthmoving firm owned by private investment firm ORG LLC (Owner Resource Group), has recently revealed the purchase of Ashland Industries Holdings Inc. Reportedly, the newly merged firm would be...

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EU and U.S. to partner to counter Huawei’s dominance on next-gen 5G
  Author: Mateen Dalal

The European Union and the United States are likely to partner to counter the increasing dominance of Chinese tech giant, Huawei Technologies on next generation 5G telecommunications technology. However, this partnersh...

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Wipro recognized as global leader in Software Defined Network Systems
  Author: Mateen Dalal

Wipro has established a strong name as a key WAN services provider. Rising star in SD Network Security Services and SDN Transformation Services, claims report. ...

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