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Facebook Denies Biden’s Blame On It For US Not Meeting Vaccination Goals

In a recent comment, United States President Joe Biden had asserted that the social media platform Facebook, the largest such platform in the world in terms of actively monthly users, is "killing people" as it allows rampant spread of misinformation about coronavirus vaccines on its platform/...

Beyond Meat Targets Retain Chinese Consumers By Opening JD.Com Store

The United States based plant based alternative meat firm Beyond Meat has launched an online store in China on JD.com's e-commerce platform, the company has said.  This is a part of the strategy of the plant-based meat maker to increase sale of its products in the biggest meat market of the...

Documents Shows Another Texas Location Being Considered By Samsung For Its $17Bn Chip Factory

South Korean tech giant Samsung Electronics has applied to authorities in the United States seeking to get tax breaks to potentially construct its planned $17 billion chip factory in a location in Texas, US, according to reports a document that was filed by the company with Texas state...

500 Mln Euros Fine Slapped On Google By France Over News Copyright Issues

Upholding charges of not being able to comply with orders from the French antitrust regulator about how to negotiate with the news publishers of the country news publishers, a record fine of 500 million euro ($593 million) on Alphabet's Google was slapped by the regulator.   There is...

Goldman Sachs Beats Q2 Estimates, Expects Deals To Drive Annual Profits

Following estimate beating performance for the second quarter, Goldman Sachs Group Inc expects to make large profits for the whole year because of a record backlog of deals which will happen during the rest of the current year.   According to Refinitiv data, despite slowing activity among...

Tesla Would 'Die' If He Wasn't CEO, Elon Musk Says In SolarCity Trial

Billionaire entrepreneur and co-founder of United States based electric car maker Tesla, Elon Musk, said in court that if he wasn’t the chief executive of Tesla, the company would "die", even though he insisted that the control of the electric car maker is essentially controlled by the company’s...

SoftBank Returns As Investor In Walmart's Flipkart As It Raises $3.6 Billion,

Japan’s investment form SoftBank Group Corp returned back as an investor in Walmart Inc owned Indian online retailer Flipkart as the company announced on Monday of a successful funding round in which it raised $3.6 billion following which the Indian retailer will get a market value of $37.6...

Analysts Expect Singapore's Temasek To Report Record Portfolio Value

A rally in global financial markets and the public listing of some of the holdings of Singapore’s state investor Temasek Holdings helped the firm to likely propel its portfolio value to touch a record in the year ending March.   In the year ending March, the value of Temasek's assets is...

14 Chinese Companies And Entities Added To US Commerce Department Blacklist Over Xinjiang

A total of fourteen Chinese companies and other entities were added to its economic blacklist by the Biden administration on Friday over allegations that they were involved in alleged human rights abuses and high-tech surveillance of in Xinjiang province of China.   The companies had been...

Important Rule On Dangerous Individuals Lost By Facebook For 3 Yrs

The independent oversight board at the social media company Facebook said that the company had "misplaced" its guidance on an important exemption to the rules on its platform on dangerous individuals and organizations for a period of three years.   An original removal by Facebook of an...

Strong Full Year Forecast By Levi Over Rebound In Apparel Demand

The demand for its jeans, tops, and jackets saw rebound that was faster than expected over all of its market which prompted Levi Strauss & Co to forecast a strong full-year profit. The announcement was made after the company comfortably beat estimates for quarterly earnings for its latest...

Record London Direct Listing Values Wise At $11 Billion

The stock price of London's largest ever tech listing, that of the financial technology company Wise, ended the first day of trading at a 10 per cent rise and according to analysts, the success of this listing could also encourage other companies seeking to go public without the help of...
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