Two inquiries have been opened by the lead data privacy regulator for the Chinese owned short video sharing app TikTok within the European Union over the manner I n which the company processes children’s personal data and whether it transfers… Read More ›
Month: September 2021
Snap Inc hires Jacqueline Beauchere, its first global head of platform safety
On Wednesday, in a statement Snap Inc, Snapchat’s owner said, it has hired a longtime online safety advocate as its first global head of platform safety; the development comes at a time when the company continues to ramp up efforts… Read More ›
Sukumar Rathnam steps down as Uber’s head of engineering
Late on Tuesday, Uber Technologies Inc said, Sukumar Rathnam, its Chief Technology Officer is stepping down as the company’s head of engineering. Uber’s spokesperson did not specify the reason for Rathnam’s departure; Rathnam, who joined the company about a year ago,… Read More ›
Microsoft to buyback shares up to $60 billion, appoints Brad Smith as President and Vice Chairman
In a statement Microsoft Corp said, it has decided to buyback its shares worth up to $60 billion and raise its quarterly dividend by 11%. It has also appointed Brad Smith as its President and as its vice chairman. It also… Read More ›
Biden taps privacy advocate Alvaro Bedoya for FTC
In a statement the White House said, President Joe Biden will nominate Georgetown University law professor, a privacy advocate, to the U.S. Federal Trade Commission. “It is the honor of my life to be nominated to serve on the FTC…. Read More ›
Pentagon award Lockheed Martin $6.6 billion for support operation and sustainment of F-35 fleet
In a statement the F-35 Joint Program Office stated, the Pentagon has awarded Lockheed Martin Corp annualized contracts worth up to $6.6 billion to support operations and sustainment of the global F-35 fleet. The sustainment contract, for fiscal year 2021, with… Read More ›
Bank of China must stop funding coal power plants abroad: Alliance of 35 NGOs
On Tuesday, an alliance of 35 non-governmental organizations told Bank of China, a major global investor in coal- power plants, that it must end the financing of projects which fuel global warming and instead support clean and renewable energy. In… Read More ›
China’s first narrowbody jet C919 enters final assembly phase
In a statement, China aviation regulator said, its first narrowbody jet, the C919 will be delivered to its launch customer, China Eastern Airlines and that it is about to enter final assembly. Deliveries will commence before the end of the year…. Read More ›
UK should flip business tax on its head: Confederation of British Industry
In a statement the Confederation of British Industry has urged British finance minister Rishi Sunak to not raise taxes and instead offer assistance to meet challenges stemming from COVID-19, climate change and Brexit. Sunak is scheduled to make major budget… Read More ›
Private equity firm Carlyle Group exploring $6 billion sale or IPO for its packaging unit
According to a report from Bloomberg citing sources familiar with the matter at hand, Carlyle Group Inc is weighing options which includes either an initial public offering (IPO) for its packaging unit Novolex Holdings or a $6 billion sale. Carlyle Group… Read More ›