Chinese authorities have reportedly issued orders instructing Jack Ma’s Ant Group Co., to return to its original business of providing payments services, threatening to strangle growth in its most profitable businesses of wealth management and consumer loans.
Sources cite that the series of edicts constitutes a serious commination to the expansion of Ma’s online financial footprint, which has apparently grown from a PayPal-like operation into a complete range of services through the last 17 years.
Prior to intervention by regu
The launch of Cyberpunk 2077 of CD Projekt Red was reportedly mired by a host of problems, most of which affected the performance of video game on last gen consoles like the Xbox One and the PlayStation 4. In addition to the massive repercussion from consumers, the developers are now dealing with legal issues.
A leading New York-based law firm, Rosen Law Firm, has allegedly filed a lawsuit on behalf of buyers, claiming defilements of the federal securities law. A lawyer further stated that CD Projekt Red made wrongful claims regarding the recently launched video game.
Indian multinational corporation, Wipro Ltd., has reportedly signed a USD 700 million deal with Germany-based Metro AG to acquire the latter’s IT verticals. Post the announcement on Tuesday, Wipro’s share price increased by 3%, with trade opening at USD 5.1 per stock at 0926 hours on December 23.
The surge comes along the heel of Wipro’s buyback plan which involves the purchase of approximately 237.5 million equity shares at the price of USD 5.44 per share, amassing USD 1292.15 million. The plan was initially approved by the shareholders in November, with a
The new burgers will be introduced in China, the Caribbean, and Latin America.
The Plant-based Whopper burger is likely to be priced similarly to its beef counterparts.
London-based multinational consumer goods company Unilever plc has reportedly extended its partnership with American fast-food chain Burger King to introduce Plant-based Whopper burgers in China, the Caribbean, and Latin America.
The deal is an extension of Dove soap to Hellmann’s
The United States government is reportedly close to a new deal to purchase tens of millions of extra Pfizer-BioNTech vaccine doses in exchange for assisting the pharmaceutical firm obtain better level of access to manufacturing supplies.
The pharmaceutical giant’s vaccine was the very first to gain FDA approval and early shipments went to states just last week. It has now been amalgamated with Moderna’s vaccine, which was developed in cooperation with National Institutes of Health’s scientists.
The vaccine develope
Cisco, Microsoft, Google and other renowned technology companies have reportedly stated in a rare combined legal filling that Spyware manufactured by NSO Group is very powerful as well as harmful and the Israeli firm needs to be held accountable to the United States anti-hacking laws.
An amicus brief that was filed by the businesses in support of WhatsApp, which has prosecuted NSO Group in the US, seems to mark a key turning point within the leading messaging app’s legal fight against NSO Group, and has also sent a firm signal that the globe’s largest technology
Private equity firm, Thoma Bravo, has reportedly announced its plans of purchasing RealPage for approximately $10.2 billion.
In RealPage, the leading private equity firm would be getting a complete service property management platform with services such as financial analysis, renter portals, expense management, site management for building as well as property owners. Founder and a managing partner of Thoma Bravo, Orlando Bravo, sees a firm that they could work with as well as build on its prior track record.
In an official statement
Apple, a leading American multinational technology company, is reportedly targeting to begin production of an Apple-branded car for users by 2024. In fact, two firms that make lidar sensors found their stocks rising soon after Reuters reported the news.
On Monday, the stocks of Velodyne rose to 23%, whereas Luminar’s stock jumped up to 27%.
Lidar is an essential component for self-driving cars which allows their computers to take a 3D image of their surroundings. The sensor measures the velocity or range of objects by using a proces
Social media major Facebook has reportedly taken down content spreading false information in Israel regarding coronavirus vaccines as the government seeks support for its vaccination program. As per credible sources, Israeli prime minister Benjamin Netanyahu became the first vaccinated individual in the country on Saturday, December 19th, 2020. Further, opinion polls have depicted that two-thirds of the population is willing to follow the suit.
Commenting on the matter of the supposed “fake news” being spread on Facebook, the Israel justice ministry st
