TikTok rejects Microsoft buyout offer, Oracle sole remaining bidder

US tech firm Oracle is the sole remaining bidder ahead of a looming deadline for the Chinese-owned video app to sell or shut down its US operations as Microsoft said that its offer to buy TikTok was rejected. The Wall Street Journal and New York Times reported that Oracle had won the bidding war, citing […]

Apple preparing 75 m 5G iPhones for later this year: report

Apple Inc has asked suppliers to make at least 75 million 5G iPhones for later this year, along with new Apple Watch models, a new iPad Air and a smaller HomePod, Bloomberg News reported on Tuesday (1). The company expects shipments of these next-generation iPhones to reach as high as 80 million units in 2020, […]

Walmart joins Microsoft bid for TikTok

WALMART Inc said it was joining Microsoft in a bid for social media company TikTok’s US assets, revealing its plans hours after the video company’s chief executive said he would step down. CEO Kevin Mayer, a high-profile former Disney executive, is leaving three months after joining TikTok, in the middle of negotiations to sell the […]

TikTok says to sue over Trump crackdown

VIDEO APP TikTok said that it will challenge in court a Trump administration crackdown on the popular Chinese-owned platform, which Washington accuses of being a national security threat. As tensions soar between the world’s two biggest economies, president Donald Trump signed an executive order on August 6 giving Americans 45 days to stop doing business […]

Uber earnings hit hard as pandemic stalls revenue

UBER has reported a $1.8 billion loss in the recently ended quarter as the Covid-19 pandemic caused its shared-ride business revenue to plunge. Overall revenues skidded 29 per cent from a year ago to $2.2 billion, as gains from delivery failed to offset a massive 75 per cent drop in its ride-hailing bookings, San Francisco-based […]

Boeing gets over $2 billion order for missiles from Saudi Arabia

BOEING has been awarded two contracts worth more than $2 billion for the delivery of more than 1,000 air-to-surface and anti-ship missiles to Saudi Arabia, the Pentagon said. A first contract, worth $1.97 billion, is for the modernization of SLAM ER cruise missiles as well as delivery of 650 new missiles “in support of the […]

India, US should coordinate their efforts while opening up economy post-COVID-19 crisis: Mukesh Aghi

By Pramod Thomas Headquartered in Washington, the US-India Strategic Partnership Forum (USISPF) is committed to creating the most powerful strategic partnership between the two countries. It nurtures a vision of business and government coming together in new ways to create meaningful opportunities that have the power to change the lives of citizens. The USISPF estimates […]

Novartis, US agree to malaria drug trial against COVID-19

SWISS drugmaker Novartis on Monday (20) reached an agreement with the US regulators to hold a randomised trial of generic malaria drug hydroxychloroquine against COVID-19 disease in 440 hospitalised patients. The decades-old medicine has received US Food and Drug Administration (FDA) emergency use authorisation for COVID-19 disease, but so far there is no scientific proof […]

Facebook sues Indian techie for COVID-19 fake news

Facebook has filed a lawsuit against an Indian man for running a software company that pushed deceptive advertisements and misinformation about COVID-19 on social media by bypassing its advertising review process. The suit, filed in federal court in California, alleges that Basant       Gajjar’s company LeadCloak provided ad-cloaking software designed to sneak fake news and […]

Walt Disney postpones India launch of streaming service

AMERICAN entertainment conglomerate Walt Disney Co has delayed the March 29 launch of its Disney+ streaming service in India, where it was gearing up to open another front against global rival Netflix Inc. The launch of Disney+ through its local partner Hotstar was timed to coincide with the beginning of the popular Twenty20 cricket tournament, […]

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