Author Archives
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Zara Owner Inditex Report Quarterly Profits Higher Than Pre-Pandemic Levels
The second quarter sale of fashion brand Zara owner Inditex rose above its pre-pandemic levels, outpacing its Swedish rival H&M, as both firms bounced back from the pandemic crisis. With more stores of Inditex, the biggest fashion retailer of the… Read More ›
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Two Data Privacy Investigations Launched Against TikTok By Its Lead EU Regulator
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 ›
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France Raises Bird Flu Outbreak With The Virus Spreading Again In Europe
A bird flu alert has been raised by France after severe cases of the virus were discovered in backyard chickens in the northeast part of the country. This was in addition to the cases in neighbouring Belgium and Luxembourg. The… Read More ›
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Yahoo Hires Tinder’s CEO As Its New Chief
Yahoo has roped in the top executive of Tinder and hired him to be its new chief executive officer. Apollo Management Group bought Yahoo, the search engine that is has lagged behind rivals for long, for $5 billion recently. On… Read More ›
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UK Economy Barely Grew In July Due To Spread Of Delta Variant Of Covid-19
Official data from the United Kingdom released on Friday showed that the country’s economy barely grew in the month of July as the Delta variant of Coronavirus had spread rapidly within the after the lifting of lockdown restrictions. According to… Read More ›
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Euro Zone Recovery Weakened In August Due To Supply Chain Issues
Despite concerns of the spread of the Delta variant of the coronavirus and significant issues of supply chains, business activity in the euro zone remained strong in August, according to a survey which indicated that the euro zone economy could… Read More ›
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11 Ride-Hailing Firms, Including Didi, Summoned By Chinese Regulators Over ‘Illegal’ Practices
Eleven ride hailing companies in Chian were ordered to rectify their non-compliant behaviour by Chinese regulators after representatives of the companies were summoned and interviewed. Interviewing of the companies, including Didi, T3 and Meituan, were conducted jointly by the country’s… Read More ›
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Record 225 Mln Euro Fine Slapped On WhatsApp By Ireland Over Privacy
Irish data protection regulator slapped a record 225 million euro ($266 million) fine on Facebook’s WhatsApp following pressure on Ireland by the European Union privacy watchdog to increase the penalty amount for breach of privacy charges. While saying that the… Read More ›
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Last Stock Of Leaded Petrol Exhausted, Eliminating It From The World, Said The U.N.
According to a declaration by the United Nation’s Environment Programme (UNEP), the last remaining stocks of leaded petrol have been used by completely last month – eliminating the high pollution causing fossil fuel. This was achieved after the UNEP campaigning… Read More ›
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Ryanair And Lufthansa Signal Strong Recovery Of European Airline Industry
A “very strong recovery” in the coming months in the airline industry is expected by Ryanair, the largest airline of Europe by passenger numbers, according to the company’s Group Chief Executive Michael O’Leary. Its target of flying more than 10.5… Read More ›
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