Asian stocks rose early Tuesday, easing concerns about an increase in regional coronavirus infections and a weak session on Wall Street as inflationary shocks helped push gold prices to a three-month high. MSCI’s largest index of Asia-Pacific share market outside Japan rose 1.13% after a mixed session on Monday. Japan’s ...
Read More »Google deals with SpaceX for its StarLink satellite internet service
Google Cloud and SpaceX have partnered to enable satellite Internet connectivity for Google cloud services in remote areas of the world. SpaceX, powered by Elon Musk, has announced a new partnership to promote the use of its satellite Internet connectivity. The US-based aerospace manufacturer has collaborated with Google Cloud to ...
Read More »Airbnb Bookings Jump by 52% as Vaccinations Increase the Demand
On Thursday, Airbnb Inc. beats Wall Street’s expectations for first-quarter gross bookings and revenue, as rapid COVID-19 vaccinations and easy restrictions encouraged more people to check out its vacation rental. Gross bookings jumped by 52% with $ 10.29 billion for the quarter, easily beating analysts’ estimate of $ 6.93 billion. ...
Read More »Amazon wins court case against EU tax order worth $ 303 Mn, Engie losses
On Wednesday, Amazon won its fight against an EU order to pay Luxembourg back almost 250 million euros ($ 303 million) in taxes, as Europe’s second-largest court slammed the bloc’s reprimand against unfair tax deals for multinationals. In a separate case, French utility Engie lost its appeal against an EU ...
Read More »Twitter donates $ 15 million for COVID-19 relief work in India
Microblogging giant Twitter has donated $15 million to help address the COVID-19 crisis in India which is battling the unprecedented second wave of the deadly pandemic. Twitter CEO Jack Patrick Dorsey on Monday tweeted that the amount has been donated to three non-governmental organisations Care, Aid India and Sewa International ...
Read More »India’s GDP rate may slip 8.2% by FY22 due to COVID 2nd wave, Says CRISIL
India’s economic growth could fall to 8.2% if the second wave peaks at the end of June, domestic rating agency CRISIL warned on Monday. India’s economic growth rate could fall to 8.2 percent if the second wave peak stays at the end of June, domestic rating agency CRISIL warned on ...
Read More »Sonova a hearing aid manufacturer acquired Sennheiser
Sonova, a Swiss company knows as a medical audio and hearing aid products manufacturer, acquired Sennheiser. A few months ago, Sennheiser made surprising news that it wanted to let its consumer division go in search of a buyer. Now Sennheiser has announced that Switzerland-based Sonova Holding AG has acquired its ...
Read More »Britain expected to be free by COVID-19 by August: Chief Vaccine Taskforce says
Britain has administered more than 51 million vaccines and is the second-fastest country to administer the first dose to at least half of the adult population. Clive Dix, the government’s late vaccine task force chief, told the Daily Telegraph on Friday, the new Coronaviruses will no longer air in the ...
Read More »2 more Indian-American CEOs join Global COVID-19 Taskforce Panel with Sundar Pichai
Sunder Pichai, Punit Renjen, and Shantanu Narayen have been active in organizing the response of US companies to the COVID-19 crisis in India. Google’s CEO Sundar Pichai, and other two America-Indian CEO – Puneet Renjen from Deloitte, and Shantanu Narayen from Adobe have joined the steering committee of the Global ...
Read More »MPs urge Joe Biden to not support India’s TRIPS waiver proposal at WTO: COVID-19 crisis
The 12 Congressmen said in a letter to US Trade Representative Katherine Tai, if America gives up intellectual property rights, it will hurt innovation and production, and result in fewer people being vaccinated. Twelve Republican lawmakers have urged the Biden administration not to endorse a resolution by India and South ...
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