Microsoft CEO Satya Nadella acknowledged the amount of the software company’s security business for the first time in January 2021. The sum was significant. On an earnings call, Nadella told analysts that the company had hit $10 billion in yearly… Read More ›
Regulations & Legal
Donald Trump Will Not Return To Twitter Even If Ban On Him Is Lifted By Elon Musk
Former United States President Donald Trump has said that he would not return to Twitter even if the company’s new owner, Elon Musk, restored the former president’s ban. “No, I won’t be going back on Twitter,” Trump said in an interview… Read More ›
Britain reduces tariffs on Ukrainian exports to Britain to zero
In a statement the British government said, all tariffs on goods exported by Ukraine to Britain under an existing free trade agreement will be removed to help the Ukrainian economy. “All tariffs would be reduced to zero and all quotas… Read More ›
End Of The Road For Datsun Automobiles Has Been Signalled By Nissan
Japanese car maker Nissan has announced that it will no longer produce automobiles under the Datsun brand, which has a more than century-long heritage. It was one of the brands that helped Japanese automakers gain international recognition following WWII. The… Read More ›
EU to unveil regulations on carbon footprint of batteries
On Monday, in a statement, Germany’s economy ministry said, “A consortium of carmakers and battery producers including BMW, Umicore and BASF will work alongside technology partners to develop a battery passport that traces the content and carbon footprint of batteries in Europe”. The… Read More ›
House Republicans asks Twitter board to retain records, materials related to Elon Musk’s acquisition offer
A group of 18 Republicans have sent Twitter board members a letter asking it to preserve all records and materials relating to Elon Musk’s offer to purchase Twitter. The development potentially marks the laying of groundwork for a possible investigation. “As… Read More ›
Renault Is Considering Issuing An IPO To Separate Its Electric Vehicle Division
Renault said on Friday that all possibilities for separating its electric vehicle (EV) business were on the table, including a possible public listing in the second half of 2023. Renault’s finance head, Thierry Piéton, said any plans would be subject… Read More ›
Snap Warns That Rising Inflation Could Stifle Revenue Growth, But Expects More Users
Snap Inc forecasted a bright future for user growth on its Snapchat app on Thursday, but warned that supply-chain interruptions and inflation could continue to harm ad demand. Snap’s stock dropped as much as 10 per cent after the announcement,… Read More ›
Russia imposes $137763 fines on Google over fake news
A court in Russia has fined Alphabet Inc.’s Google $137,763 (11 million roubles) for failing to delete “fake” news produced by Ukrainian far-right groups on YouTube. Previously, Russia had warned the US company that it would punish it for “spreading… Read More ›
In March, ‘Panicked’ Russians Withdrew $9.8 Billion In Foreign Currency From Banks
Due to the severe financial western sanctions on Russia over its invasion of Ukraine, Russian families withdrew $9.8 billion in foreign currency from their accounts in March, while banks slashed new corporate lending by approximately one-third, according to the coutnry’s central bank. “The… Read More ›