Business News

Singapore's SGX wooing Saudi Aramco's secondary listing - Report

Saudi Aramco markets IPO in Dubai after approaching Kuwait fund

Kuwait Investment Authority's (KIA) decision on whether to participate in the deal would depend on a "study" of the IPO

Nov 24, 2019

By Reuters

Holiday season travel to hit record high; air traffic to be busiest on Thanksgiving Day since 2000

Airline companies will benefit the most, with more than 4.45 million Americans expected to fly during the Thanksgiving holiday.

Nov 24, 2019

By R. Ghosh

Russia to ban sale of gadgets without pre-installed Russian software; foreign tech companies to feel the heat

Although sale of smartphones, smart TVs and computers made in other countries won't be disallowed, the move might make many companies quit the Russia market.

Nov 24, 2019

By R. Ghosh

U.S. regulators vote 5-0 to rule Huawei, ZTE national security threat; American tech companies to face the heat

A new set of restrictions will come to effect that will bar American carriers from using federal subsidies to buy products from Chinese companies that will be on the new blacklist.

Nov 23, 2019

By R. Ghosh

Airbnb COO Belinda Johnson to step down, as company struggles to fight regulatory disputes

Johnson, who served as the COO since 2011, has time and again steered the company through regulatory disputes.

Nov 23, 2019

By R. Ghosh

microsoft new standards of safe windows 10 pc

Microsoft among US firms allowed to sell software to Huawei

The US Department of Commerce in May put Huawei on its Entity List over the so-called "national security concerns"

Nov 22, 2019

By IANS

Huawei

McDonald's workers sue company for failing to protect workplace violence

After repeated complaints, 17 McDonald's employees in Chicago filed a lawsuit alleging that the company's renovated stores made them more vulnerable to attacks from customers

Nov 22, 2019

By R. Ghosh

WeWork starts layoff of thousands of employees globally, tries to bounce back after disastrous IPO

The long-awaited layoffs will see 2,400 of the office-sharing companies exiting, which almost 20% of its total workforce.

Nov 22, 2019

By R. Ghosh

SpaceX loses first prototype as Starship rocket blows off top during ground test

Named Starship Mark-1, this was the first significant test of the vehicle's fuel tanks.

Nov 22, 2019

By R. Ghosh

Spacex Elon musk

Amazon is redefining the retail game; plans to open more cashierless stores by early 2020

The e-commerce giant also has plans of licensing its Amazon Go technology to other retailers including its biggest rivals.

Nov 21, 2019

By R. Ghosh

Amazon prime

Aston Martin joins the luxury SUV race; launches DBX at a whopping $190,000

The all-new SUV, which has a top speed of 181 miles per hour and reaches 0-62 miles per hour in just 4.5 seconds, is also the first vehicle from the luxury sports car maker to have five seats.

Nov 21, 2019

By R. Ghosh