Author Archives
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Britain’s services sector seeing price rise fastest in 2 decades
According to the results of a business survey released on Tuesday, costs for businesses are rising at their fastest rate in more than 2 decades for Britain’s services sector. As a result the Bank of England is likely to soon… Read More ›
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Twitter’s CEO Jack Dorsey hands over reigns to Parag Agrawal
Twitter Inc’s CEO Jack Dorsey has stepped down from his role following which Parag Agrawal, Twitter’s Chief Technology Officer is set to lead the company. Agrawal, a 10-year veteran in Twitter, has signaled a tacit endorsement of a board strategy… Read More ›
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Australia will introduce legislation to force tech giants to act on defamatory content: Australian Prime Minister Scott Morrison
In a statement Australian Prime Minister Scott Morrison said, Canberra will soon introduce legislation to make social media giants provide details of users who post defamatory comments. The development comes at a time when the Australian government is looking to… Read More ›
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Indian fintech unicorn Slice raises $220M in series B funding
On Monday, in a statement India’s latest fintech unicorn Slice said, it had raised $220 million in a Series B funding round led by investment giant Tiger Global and private equity firm Insight Partners which valued the startup at more… Read More ›
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Clearlake Capital acquires Quest Software Inc from Francisco Partners in $5.4 billion deal
According to sources familiar with the matter at hand, private equity firm Clearlake Capital has struck a deal to acquire Quest Software Inc from Francisco Partners, valuing the deal at $5.4 billion including debt. The deal is likely to be… Read More ›
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Virtual Currency Exchange Coinstore begins operations in India
Singapore-based virtual currency exchange Coinstore has started operations in India despite the Indian government preparing legislation to effectively bar most private cryptocurrencies. In a statement Coinstore said, it has “launched its web and app platform and plans branches in Bangalore,… Read More ›
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US tech giants should bear partial cost of developing EU telecom networks: European telcos
On Monday, the CEO of Deutsche Telekom, Vodafone, and 11 other major European telecoms companies said, U.S. tech giants should bear some of the costs of developing telecom networks in Europe based on the fact that they use them so heavily. The… Read More ›
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Black Friday sales touches $8.9 billion
This year, U.S. shoppers spent slightly less on Black Friday sales, with many shoppers visiting physical stores despite coronavirus fears, midst retailers’ efforts to encourage pre-holiday shopping. For the very first time, online spending during Black Friday, which traditionally is one… Read More ›
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Global chip shortage likely to continue into 2022: Daimler’s Truck Chief Martin Daum
In a statement Daimler’s Truck Chief Martin Daum said, he expects the global chip shortage to negatively impact Daimler’s revenues by several billion euros in 2021 and sees the issue continuing into 2022. Daimler, the world’s largest commercial vehicle maker… Read More ›
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FCC reject China Telecom Corp’s bid to continue operations in the United States
In a statement the U.S. Federal Communications Commission (FCC) said, it has asked a federal appeals court to reject China Telecom Corp’s bid to continue providing services in the United States after it revoked authorization for the Chinese company to… Read More ›
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