Category: Headlines
Invitae puts forth $1.4B worth acquisition deal for ArcherDX
  Author: Pranali Mehta

Genetic testing company Invitae is reportedly on its way to purchasing personalized cancer test developer ArcherDX. The deal is speculated to have been finalized at USD 1.4 billion. ...

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Bain and Cyrus Capital emerge as final bidders for Virgin Australia
  Author: Pranali Mehta

The ongoing coronavirus pandemic has not only impacted the present scenario of several sectors but also likely to influence their future. One of the major fields to have taken the hit of the pandemic is the global avia...

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Student-run Think tank launches helpline to aid lockdown-hit workers
  Author: Pranali Mehta

As the ongoing COVID-19 pandemic has significantly impacted the employment landscape in India, several entities have come forward to help workers during such critical times. A similar incidence came into light when stu...

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Livinguard Technologies launches anti-COVID-19 facial mask in India
  Author: Pranali Mehta

The on-going coronavirus pandemic has significantly disrupted the lives and economies across the world. The need of the hour is to safeguard people from viruses that may cause illness. This is essential not only for ap...

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Nissan unveils redesigned 2021 Rogue crossover amidst the pandemic
  Author: Pranali Mehta

Automakers worldwide are revamping their existing operations to chart a course through a radically altered retail environment during the on-going COVID-19 crisis. As part of its worldwide turnaround plan, Nissan Motor ...

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Services Australia procures 35,000 monitors & laptops over two months
  Author: Saipriya Iyer

Canberra based government department, Services Australia, has been reported to purchase around 20,000 laptops and more than 15,000 monitors over the period of last two months. The purchases have been made owing to the ...

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Space Force launched robotics X-37B space plane to remain at the helm
  Author: Saipriya Iyer

A clandestine X-37B space plan is reported to have been launched on The U.S. Space Force’s 6th mystery mission from Florida. The clandestine craft, riding atop Atal...

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Australia to begin human trials for COVID-19 vaccine made by China
  Author: Saipriya Iyer

Linear Clinical Research, a research and clinical facility in Perth, Australia, has confirmed a human trial of a coronavirus vaccine that has been developed by China. Sources familiar with the matter said that research and clinical facility has al...

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China Development Bank cancels deal to buy 29 Boeing 737 MAX airplanes
  Author: Saipriya Iyer

China Development Bank (CDB) Financing Leasing Co recently confirmed that it has reached an agreement with Boeing for scraping the purchase of 29 of the globally grounded 737 MAX jets, that were yet undelivered. ...

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Return of Boeing 737 Max to be delayed with COVID-19 related lockdown
  Author: Saipriya Iyer

The global spread of coronavirus has prevented regulators from being in the same room. A small number of Boeing staff has continued with the testing of the latest software changes on Max when the production of Boeing&r...

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Indian automakers, medical device firms to develop ventilators
  Author: Saipriya Iyer

With COVID-19 pandemic causing a shortage of medical equipment in India, several automakers have proactively come forward to tackle this issue. Auto giants including Tata Motors, Maruti, and Mahindra & Mahindra hav...

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GRAIL unveils validation data of its early-detection multi-cancer test
  Author: Saipriya Iyer

GRAIL, a renowned biotechnology company which focuses on diagnosing cancer in its early stages, when it can be cured easily, reportedly announced validation data regarding its early-detection multi-cancer blood test wa...

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Disaster Management Group unveils COVID-19 testing tool in Florida
  Author: Saipriya Iyer

Disaster Management Group, a disaster recovery company based in South Florida, recently announced a screening tool for COVID-19 called the DMG test, which is capable of giving out results in 15 minutes. The test will b...

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Medica donates US$1M to meet health needs during COVID-19 pandemic
  Author: Saipriya Iyer

Minnesota based non-profit charitable grant-making foundation, Medica has reportedly announced that the it will donate US$1 million towards emergency funds across 18 Minnesota based NPOs that play a vital role in meeti...

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Taxi booking option to be suspended by Uber in Saudi Arabia
  Author: Saipriya Iyer

Uber Technologies, the renowned American ride hailing company, has reportedly suspended the option of booking regular taxi services in Saudi Arabia. Due to the outbreak of coronavir...

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Dollar Tree & Family Dollar to change store hours for customers
  Author: Saipriya Iyer

Dollar Tree, Inc., a leading chain of discount variety stores, has reportedly altered its Dollar Tree as well as Family Dollar store hours. All Dollar Tree and Family Dollar stores would be now closing at 8:00 p.m., lo...

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Israel passes new law to use digital technology for COVID-19 tracing
  Author: Saipriya Iyer

With continued growth in the number of coronavirus cases across the world, various government organizations are taking several steps and passing immediate laws to curb the spread of this deadly virus in their respectiv...

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Gap Inc. plans temporary closure of stores across North America
  Author: Saipriya Iyer

Gap Inc., an American multinational clothing and accessories retailer, has recently announced that it will temporarily close selected North American stores amid escalating COVID-19 fears. The company will reportedly sh...

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Social media firms expect AI errors as coronavirus empties offices
  Author: Saipriya Iyer

Alphabet, Inc.’s Facebook, Inc., Twitter, Inc., and YouTube have apparently announced a warning regarding the removal of more videos and other content erroneously for policy violations. The offices of these firms...

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Nike declares temporary shutdown of stores in U.S. & other nations
  Author: Saipriya Iyer

Footwear and apparel giant Nike has announced that it plans to shut down a few of its stores. It seems that the company is following the footsteps of major retail firms worldwide, that have, for most parts, closed down...

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Avaya launches remote contact center solutions amid COVID-19 outbreak
  Author: Saipriya Iyer

Amidst the budding challenges caused by coronavirus, Avaya Holdings Corp., a leading provider of communication software solutions, has announced that it will offer additional help to contact center clients who face cha...

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TikTok to boost transparency efforts owing to privacy concerns in U.S.
  Author: Saipriya Iyer

TikTok, the renowned Chinese social networking video-sharing service developed by ByteDance, has reportedly announced that it is launching a new content moderation facility in its newest efforts to increase transparenc...

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Amazon may succeed on key argument in suit over cloud computing deal
  Author: Saipriya Iyer

The opinion by a judge from U.S. Court of Federal Claims was unsealed recently   Just weeks after the contract was awarded to Microsoft, Am...

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Silver Airways unveils new ATR-600 aircraft to expand in the Caribbean
  Author: Saipriya Iyer

The company is likely to launch four new ATR-600 airplanes in its Caribbean network operation this year The new ATR 72-600 will operate from San Ju...

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Facebook provides WHO free ad space to counter COVID-19 misinformation
  Author: Saipriya Iyer

Upon the search of COVID-19 on Facebook, the site will directly link to a local health organization and help prevent the spread of misinformation Face...

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IRB Infrastructure secures its first investment from GIC affiliates
  Author: Saipriya Iyer

  IRB received Rs 3,753 crore out of Rs 4,400 crore commitment by IRB Infrastructure Trust. The balance commitment shall be invested o...

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Treebo becomes a part of the CCI probe against MakeMyTrip and Oyo
  Author: Saipriya Iyer

The complaint filed by Treebo will be an addition to the current inquiry   Treebo faced challenges in registering its properties on platfor...

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Kia and Hyundai come up with a new predictive transmission system
  Author: Saipriya Iyer

The automotive sector is observing constant advancements by means of developing innovative technologies. Recently, Kia and Hyundai revealed that they have designed a new transmission control system that enhances shift ...

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Google intends to move British users’ accounts outside EU jurisdiction
  Author: Saipriya Iyer

Google, the renowned American multinational technology company specializing in internet related services and products, has reportedly announced plans to shift its British users’ accounts out of control of EU priv...

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Federal judge puts forth temporary ban on Jedi cloud contract
  Author: Saipriya Iyer

Judge grants tech giant, Amazon, injunction request in the Pentagon cloud contract case.   Microsoft was awarded the Joint Enterprise D...

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BP announces its plan on cutting down carbon emissions by 2050
  Author: Saipriya Iyer

Benard Looney. BP to overhaul its corporate structure to pursue the pledge undertaken. The new...

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Chinese automaker Geely plans to merge with its Volvo Cars business
  Author: Saipriya Iyer

The merger deal shall boost their technological and financial synergy   Combining the firms shall also protect the individual identity ...

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Xerox raises $24 billion from banks to support acquisition of HP
  Author: Saipriya Iyer

Xerox received funds from leading financial institutions such as Citi Bank, Bank of America and Mizuho   The proposed merger will help ...

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HP and Tile enter a definitive agreement to make laptops trackable
  Author: Saipriya Iyer

HP and Tile enter a definitive agreement to make laptops trackable Tile, a renowned consumer electronics company helping users find their electronic devices reporte...

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Drunk Elephant unveils F-Balm Electrolyte Waterfacial at Sephora
  Author: Saipriya Iyer

  The skincare and cosmetics brand, in unison with Sephora, announced the launch of F-Balm Electrolyte Waterfacial. The product is exp...

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HOOKIPA doses first patient in HB-201 Phase 1/2 trial for HPV16+ cancers
  Author: Saipriya Iyer

  HB-201 is an immunotherapy to treat Human Papillomavirus 16-positive (HPV16+) cancers HPV has been estimated to cause nearly 5% of c...

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Amazon guarantees 500 jobs with launch of Deltona fulfillment center
  Author: Saipriya Iyer

  The Deltona facility is to be constructed at one million square foot land scape and is expected to cater over 500 jobs. Deltona is t...

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USDA unveils plans to invest in 42 states to improve water quality
  Author: Saipriya Iyer

The United States Department of Agriculture (USDA) and Donald LaVoy, Deputy Under Secretary, Rural Development, have reportedly announced that the department will be investing $635 million across 122 projects in order ...

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Sunnybrook Health and Evident collaborate to enhance patient care
  Author: Saipriya Iyer

The partnership will render affordable solutions for managing patient outcomes across the Canadian healthcare industry Sunnybrook Health Sciences Center – a l...

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Uber Co-founder and ex-CEO sells company shares worth US$2.5 billion
  Author: Saipriya Iyer

·         Travis Kalanick sold nearly 90% of his shares and may soon be divested ·    &nbs...

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Facebook and Instagram to ban marketing of guns and vapes on platform
  Author: Saipriya Iyer

Instagram and Facebook have reportedly announced to shut down a loophole that lets vendors sell vapes and guns on their platforms. The social networks have already banned marketing of these products, however, through t...

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Frontier expands its services by adding 18 new nonstop routes
  Author: Saipriya Iyer

Frontier Airlines, the Denver-based ultra-low-cost carrier commercial airline, recently added 18 new nonstop routes along with previously announced seven routes out of Newark International Airport. ...

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Merck Animal Health sets the seal on the acquisition of Vaki
  Author: Saipriya Iyer

Merck Animal Health recently set the seal on acquisition of Vaki from Pentair, thereby taking further strides towards the numero uno position in aquaculture. People aware of the situation claim the acquisition will hel...

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Delta-Wheels Up unite to create one of the world’s largest private aircraft fleet
  Author: Saipriya Iyer

Delta-Wheels Up unite to create one of the world’s largest private aircraft fleet Delta Airlines to attain minority stake in aviation company Wheels Up and...

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PG&E installs weather stations and HD cameras to supervise wildfire
  Author: Saipriya Iyer

Pacific Gas and Electric Company (PG&E) has announced that it has installed over 600 weather stations and 130 high-definition (HD) cameras all over its service zone. The recent move is a part of the company’s...

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Sanofi wins $226m in funds to expand influenza vaccine capacity in US
  Author: Saipriya Iyer

The agreement is supported by federal funds from BARDA   A new manufacturing unit is to be established to facilitate sustainable produc...

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LATAM pronounces termination of joint venture plans with IAG
  Author: Saipriya Iyer

The two companies are anticipated to part ways after the decision of exiting the Oneworld alliance.   Apparently, the decision is unlik...

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Instagram finally introduces age verification feature for new users
  Author: Saipriya Iyer

Up till now social networking platform Instagram was careless about its users’ ages. However, after nine years since inception, the company is now becoming more responsible to protect underage users from risks an...

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U.S. college student accuses TikTok of sending personal data to China
  Author: Saipriya Iyer

Social media video platform TikTok is reportedly being accused by California college student Misty Hong. Misty apparently claims that TikTok’s Chinese parent company Byte Dance and TikTok are transferring U.S. us...

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EU Antitrust officials look into Google data collection methods
  Author: Saipriya Iyer

  EU sent questionnaire to several companies for feedback on Google The investigation is also regarding Google’s search, advert...

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US Mayo Clinic teams up with the Middle East to run a “Mega Hospital”
  Author: Saipriya Iyer

  Mayo Clinic aims to replicate its care in the Abu Dhabi center.   The new four-tower campus shall be opened in early 2020.    ...

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Accenture opens innovation hub for Australian energy & mining sector
  Author: Saipriya Iyer

Accenture plc., a multinational professional service provider company recently opened an innovation hub for mining and energy companies in Western Australia. The hub has been opened in an effort to aid mining and ...

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Google set to impose limitations on political ad targeting worldwide
  Author: Saipriya Iyer

  Advertisers will not be able to target customers based on their political affiliations Restrictions to ...

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Pengmen International launches rare red sandalwood cosmetic products
  Author: Saipriya Iyer

Pengmen International Trading Co., Ltd., a leading health care product producer based in China has delved into combining health & beauty. The company  used modern technology and an ancient Chinese medicine to ...

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Saipem wins a subsea contract for Payara development project in Guyana
  Author: Saipriya Iyer

Saipem will provide detailed EPIC of a large subsea production facility.   The company will develop risers, subsea structures, and flow...

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Uber to implement new safety features to revive its U.K. license
  Author: Pranali Mehta

Uber had received only a 2-month operating license in September for London   The company touts close to 45,000 licensed drivers in the ...

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Balderton launches $400 million fund for European tech startups
  Author: Pranali Mehta

Tech sector in Europe is seen as lagging behind when compared to its Chinese and U.S. counterparts   Interest from American investors i...

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Amazon Australia announces partnership with Zip Co. for BNPL service
  Author: Saipriya Iyer

  Zip would become Amazon’s first “Australian installment payment option”. Zip shares s...

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WeChat Pay & Alipay allow overseas users to use international cards
  Author: Pranali Mehta

On the foundation of the popular digital payment services, China is moving towards a cashless economy. In a bid to offer ease to international users, Chinese mobile payment giants WeChat Pay and Alipay have recently st...

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McLaren, Petrobras end £150 million F1-sponsorship deal after 2 years
  Author: Saipriya Iyer

Petrobras was to be McLaren’s official commercial and technical partner during this F1 season Brazil’s president Jair Bolsonaro o...

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AT&T to pay a $60 million fine for throttling data of its customers
  Author: Saipriya Iyer

With growing data usage across the world, several telecom carriers are offering unlimited data plans. However, with growing usage, some service providers are allegedly limiting the bandwidth by further slowing down dat...

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nLIGHT adds new CFX-12000 & CFX-5000 fiber lasers to its Corona family
  Author: Pranali Mehta

With rising sales of electric vehicles, and the higher adoption of new technologies by the aerospace and automotive sectors, implementation of fiber lasers is witnessing significant growth recently. Global fiber laser ...

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One million car charging points in Germany by 2030, says upbeat Merkel
  Author: Saipriya Iyer

Merkel wants to drastically increase the number of electric cars charging stations.   Berlin will explore cars run on hydrogen fuel cel...

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Accenture to back Santen Pharmaceutical to build a enterprise platform
  Author: Saipriya Iyer

Accenture is one of the leading global professional services company which offers a wide range of solutions and services in consulting, strategy, digital technology and operations. With over 492,000 employees serv...

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BASF and NRGene sign research collaboration to expedite crop breeding
  Author: Saipriya Iyer

BASF SE, the renowned German chemical firm, and Israel-based Genomics company, NRGene, have reportedly announced a new research collaboration agreement that revolves around the adoption of the cloud-based AI (artificia...

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Facebook sues NSO Group over claims that the firm helped hack WhatsApp
  Author: Pranali Mehta

There has been an exponential growth in the number of cyberattacks targeting smartphones to exploit data. In fact, some reports claim, there will be a 50% growth in cyberattacks this year in comparison with last year. ...

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AT&T TV Now to increase online streaming service price by 30%
  Author: Pranali Mehta

In March, AT&T had raised prices on its online-TV platform service, DirectTV Now (now known as AT&T TV Now). However, recently the firm announced yet another price hike on its service for customers using its of...

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Uber axes 350 jobs across its Eats, self-driving and other divisions
  Author: Pranali Mehta

Various global firms periodically restructure their organization in an effort to prepare the company for success in its coming future and laying off employees that are deemed non-essential is one of the most prominent ...

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Sanitation Districts of LA and MWD unveil new water recycling facility
  Author: Saipriya Iyer

California has been battling its water problem for a while now. The state has gone through four years of the region’s worst drought in the last decade. Being home to more than 39.75 million residents, the state g...

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UK’s competition watchdog fines PayPal over the acquisition of iZettle
  Author: Pranali Mehta

In the United Kingdom, CMA (Competition and Markets Authority) is a unit of the non-ministerial government department (NMGD) that is responsible for strengthening business competition and reducing and preventing anti-c...

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Uber obtains a two month extension to its license to operate London
  Author: Pranali Mehta

Ride sharing and ride hailing businesses are presently making significant progress across the world due to its convenience and cost effective nature. However, safety and background of drivers turns out to be a major po...

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Volkswagen settles multi-million-dollar Australian dieselgate scandal
  Author: Pranali Mehta

After numerous years of dodging exposure to major scandals, the automobile industry was pushed into the storm of judgment when Volkswagen was found to have been dishonest about their car emission testing. The German car ...

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U.S. signals security concerns over Huawei’s 5G network to Gulf allies
  Author: Saipriya Iyer

The U.S. have told its allies in Persian Gulf to think wisely before using Huawei’s 5G network services and products over security risk. Alle...

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DXC Technology to hire 10,000 people in India with digital tech skills
  Author: Pranali Mehta

DXC Technology has joined other international firms to expand its offshore base in India as the company struggles to hire talent across developed markets like United States.   ...

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WeWork to slash its IPO valuation below $25 billion due to weak demand
  Author: Saipriya Iyer

WeWork lends workspaces on rent to businesses and start-ups and was founded by CEO Adam Neumann in 2010.   WeWork last raised capital a...

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KFC entices public, sells out plant-based chicken in less than 5 hours
  Author: Saipriya Iyer

Allied meat substitute producer, Beyond Meat conducted a trial of its plant-based chicken at a restaurant in Atlanta. The fast food chain company w...

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U.S. Department of Commerce offers 90 days trade extension to Huawei
  Author: Pranali Mehta

The extension would enable Huawei to maintain existing telecommunications networks and provide software updates to its handsets. U.S. Commerce Secretary W...

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Global tech giants are troubled by the 3% rise in French digital tax
  Author: Saipriya Iyer

The U.S. Trade Representative (USTR) recently filed a probe into the new tax and termed it unreasonable. Global tech conglomerates, Facebook Inc., Alphabet Inc.&rs...

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Sears & Kmart to shut their 26 stores in October following bankruptcy
  Author: Saipriya Iyer

Following the closure of thousands of stores, 21 Sears and 5 Kmart stores are reported to shut down soon. Over 380 stores to remain open globally....

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Renault & Nissan to consider restructuring for Fiat Chrysler merger
  Author: Pranali Mehta

The car makers are reportedly planning to reframe their partnership to build up new negotiations with Fiat Chrysler. French car-maker Renault SA and the Japanese co...

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Pentagon puts USD 10 billion cloud computing contract on hold
  Author: Saipriya Iyer

Pentagon’s contract is reportedly paused by President Trump in order to examine Amazon Incorporation’s bid following the reports of complaints from other companies. ...

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South Korea to dispatch a naval unit to Strait of Hormuz for security
  Author: Saipriya Iyer

The country aims to join US-led Maritime force to guard the oil tankers sailing through Strait of Hormuz by sending a Cheonghae unit. This came in ...

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Apple acquires 5G smartphone modem chip unit of Intel for USD 1B
  Author: Saipriya Iyer

The deal requires Intel to develop modems for devices other than smartphones California-based leading tech company Apple has reportedly announced the acquisition o...

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Hyundai smart EVs to reach Indian showrooms in two to three years
  Author: Pranali Mehta

Hyundai headquarters recently approved the Smart EV project that aims to introduce smart electric vehicles to the Indian market. Products developed...

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U.S. judge holds up Qualcomm’s plea to block antitrust ruling
  Author: Saipriya Iyer

The U.S. District Judge Lucy Koh has not given a precise reason for disagreeing with Qualcomm’s motion. A U.S. judge has reportedly ruled against the effort o...

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