The vision of Amazon.com Inc. for the departmental stores of the future comprises algorithmic recommendations and a “magic closet” in the fitting room, according to one corporate director of the company. The online retailer has announced that it will build… Read More ›
Economy & Finance
Google Spent 27% More In Lobbying In Washington In 2021 Amid Efforts Of Lawmakers To Curb Big Tech
According to the Senate lobbying disclosure database, Google expended 27 per cent higher on lobbying in the United States in 2021 than it did in 2020, with total spending of $9.6 million. That’s less than the more than $20 million… Read More ›
Germany Plans To Draw In 400,000 Skilled Workers From Foreign Countries Each Year
The new coalition government in Germany intends to bring in 400,000 competent foreign workers per year to address a demographic imbalance as well as labor shortages in key industries that might jeopardize the country’s recovery from the coronavirus outbreak. “The… Read More ›
Intel’s $20 billion chip plant in New Albany, Ohio is only first among eight factory complexes
On Friday, Intel Corp announced, it will invest $20 billion to set up a new chip manufacturing center near Columbus, Ohio which will develop and manufacture advanced semiconductors. The investment will create at least 3,000 permanent jobs on a 1,000-acre… Read More ›
Russia could attack Ukraine on very short notice: U.S. Secretary of State Antony Blinken
In a significant development U.S. Secretary of State Antony Blinken has warned that Russia could launch an attack on Ukraine at “very short notice”. Blinken made the comments on his arrived in Kyiv in a diplomatic push towards defuse tensions… Read More ›
China failed to meet Phase 1 purchase commitments, yoo early to withdraw US tariffs on Chinese goods: Biden
In a statement U.S. President Joe Biden said, it was too early to make any commitments on lifting U.S. tariffs on Chinese goods, while USTR Katherine Tai said she was working on the issue. “I’d like to be able to be… Read More ›
US Mobile Companies Agree To Implement A Further Deal In 5G Deployment At Airports
AT&T and Verizon, two major US wireless carriers, have agreed to delay the launch of their new 5G service at some airports. The C-band service, which provides faster speeds and more coverage, was supposed to go live tomorrow. However, airlines… Read More ›
More Expats Could Leave Hong Kong Due To Tough Covid Laws, Reveals Survey
According to a key business group, more than 40 per cent of its members are considering leaving Hong Kong because of the city’s draconian coronavirus regulations. Border closures, according to the American Chamber of Commerce in Hong Kong, are a… Read More ›
US gave $200M in additional defensive security assistance to Ukraine
On Wednesday, in a statement a senior official from the US State Department said, the U.S. government had approved $200 million in additional defensive security assistance to Ukraine in December 2021. “We are committed to Ukraine’s sovereignty and territorial integrity… Read More ›
Video platform Rumble Inc acquires stake in payments processor Parallel Economy for undisclosed amount
In a statement Rumble Inc, a website similar to YouTube that is popular among U.S. conservatives, and payment processor Parallel Economy said, the former has acquired a stake in it. On January 6, 2021, following the U.S. Capitol riots many… Read More ›