The largest social media company of the world Facebook has warned that its growth later this year could “significantly” drop because of new Apple Inc privacy policies which will make it much more difficult for the company to target ads…. Read More ›
Regulations & Legal
Reports Of EIB Planning Digital Bond Issuance Pushes Ethereum To Record High
Media reports about the plans of the European Investment Bank to launch a “digital bond” sale on the ethereum blockchain network encouraged investors in this digital currency – the second largest of the world in terms of market capitalization which… Read More ›
Indian Govt. Orders Twitter To Remove Critical Virus Posts, Anger Erupts On Social Media
There was outrage in India after the government ordered the social media platform Twitter to remove posts that criticised the role of the government in the manner in which it had handled the massive second wave of the Covid-19 pandemic…. Read More ›
With Rebound In Oil Price, BP Reports Hike In Quarterly Profit To $3.3bn
The shareholders of British Petroleum (BP) will be handed over a $500m cash windfall as the energy giant reported its biggest quarterly profit since the start of the Covid-19 pandemic began because of the recovery of the oil markets form… Read More ›
Eli Lilly Misses Profit Expectations As Its Covid-19 Drugs Sale Hit By Vaccine Roll Out
The global roll out of Covid-19 vaccines – and especially those in the United States, hit the demand and sale of the Covid-19 antibody therapies of Eli Lilly and Co. That forced the company to report profits for the first… Read More ›
Antitrust Complaint Filed Against Apple In Germany Over Its New iPhone Software
Even as Apple gets ready to roll out a new version of its iPhone software, the company has been accused of antitrust abuse in Germany. A complaint against the company was filed on Monday to Bundeskartellamt, Germany’s competition regulator. The… Read More ›
Report Says Growth In Global Grocery Sales In 2020 Driven By Home Cooking And Booze Demand
A report based on industry data prepared by the market research firm Kantar showed that there was a record 10 per cent growth in the global grocery sector in 2020 as people were forced to stay back home because of… Read More ›
Amazon And Nestle Part Of A Public-Private Partnership To Save World’s Forests
A project aimed to protect the tropical forests of the world was launched this week by the United States, Norway and Britain in partnership with large global companies including Amazon and Nestle. The public-private project has set a target of… Read More ›
US President Joe Biden Reported To Propose Increasing Tax On The Rich Americans
A change in tax rules – which essentially will hike taxes on the wealthiest Americans, will reportedly be proposed by the United States President Joe Biden, many reports have claimed. According to the new tax proposal, the top marginal rate… Read More ›
Intel Reports Growth In OC Chips But Forecast Lower Than Expected Profits
The huge rise in demand for personal computers prompted Intel Corp to raise its annual sales outlook for the current year on Thursday. However its forecast for the second quarter profits was lower than expectations of the market as the… Read More ›
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