On Friday, according to two sources with direct knowledge of the matter at hand, Japan Display Inc, an Apple supplier, is likely to get a three-month extension in credits worth $985 million (107 billion yen) from its three main creditors…. Read More ›
Month: December 2019
Communications Workers of America files federal labor charge against Google
The Communications Workers of America union has filed a federal labor charge against Alphabet Inc’s Google accusing the tech giant of firing four employees to deter workers from engaging in union activities. The complaint is likely to trigger a National… Read More ›
Mark Suzman to replace Sue Desmond-Hellmann as CEO at Bill & Melinda Gates Foundation
In a statement the Bill & Melinda Gates Foundation stated, its Chief Executive Sue Desmond-Hellmann will be stepping down after more than five years, and Mark Suzman will be replacing her. Desmond-Hellmann stated, she was stepping down from the Gates… Read More ›
New Legal Challenge Against US Ban Filed By Huawei
The decision by the regulators of the United States to classify the Chinese telecoms giant Huawei as a national security threat has been challenged in a court in the country. This development came after the decision of the US Federal… Read More ›
FCA facing $1.5 billion tax demand from Italian tax authorities
Fiat Chrysler Automobiles (FCA) has decided it will appeal Italy’s tax authority statement which says that the carmaker had underestimated the value of its U.S. business after it bought Chrysler. As per a source close to the matter at hand,… Read More ›
UAE private sector growth touch 10-year nadir
As per the results of a survey unveiled on Thursday, growth in the United Arab Emirates’ non-oil private sector slumped to its 10-year low in November. The seasonally adjusted IHS Markit UAE Purchasing Managers’ Index (PMI), which includes manufacturing and… Read More ›
Norwegian economy to grow at 2.4% in 2020: Statistics Norway
On Thursday, Oslo’s statistical agency Statistics Norway (SSB) stated, Norway’s mainland economy, which excludes the volatile oil and shipping sectors, is likely to grow by 2.4% in 2020, up from a 2.2% prediction in September. In a statement, it said… Read More ›
Disabled Users’ Videos Were Prevented From Going Viral By TikTok
The bow popular Chinese app TikTok has conceded that some videos that were made by disabled users and were placed on the platform were intentionally not allowed to go viral by the moderators of the app. While sating that that… Read More ›
Better Than Expected Performance Of Brazilian Economy In Third Quarter
Latin America’s largest country Brazil’s economy rebounded with an expansion in eth third quarter to an extent that beat analysts’ expectations in the third quarter with a 0.6 per cent growth in its GDP. This also raised hopes of a… Read More ›
U.S. adds fortitude to U.S.-China relations with passage of Uighur Act of 2019
In a development that signals further delays towards resolving the U.S.-China trade war, the U.S. House of Representatives has overwhelmingly voted a bill that requires U.S. President Donald Trump to toughen its response to China’s genocide of its Muslim minorities…. Read More ›