The value of global trade is set to fall by 7per cent to 9per cent in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report said on Wednesday. GENEVA: The value of global trade is set to […]
Business
Snapchat saw its daily active user base jump to touch 249 million, from 238 million in last quarter, as the company registered a 52% increase in revenue at $679 million in its third quarter Snapchat saw its daily active user base jump to touch 249 million, from 238 million in […]
Like Microsoft was 22 years ago, Google is in the crosshairs of a Justice Department lawsuit accusing it of wielding the immense power of its internet search engine as a weapon that has bludgeoned competition and thwarted innovation to the detriment of the billions of people using a stable of […]
SEATTLE: Amazon.com on Tuesday (Oct 20) told employees whose work can be done from home that they can do so until June 2021, extending the timeline on a return to office due to the COVID-19 pandemic. “Employees who work in a role that can effectively be done from home are […]
The government said Google has nearly 90% of all general search engine queries in the United States and almost 95% of searches on mobile. The US sued Google on Tuesday, accusing the $1 trillion company of illegally using its market muscle to hobble rivals in the biggest challenge to the […]
Virgin Australia looks set to cut basic fares and start charging fees for items like checked baggage and food under new chief executive Jayne Hrdlicka, prompting a wider industry shake-up as the country’s airlines reawaken from the coronavirus crisis. SYDNEY: Virgin Australia looks set to cut basic fares and start […]
REUTERS: Streaming video service Netflix on Thursday (Oct 29) raised monthly charges in the United States for its standard and premium subscription plans, a move that sent the company’s shares climbing nearly 5 per cent. Netflix increased the cost of its standard subscription by US$1 a month to US$14, and […]
CALIFORNIA: Logitech International on Tuesday (Oct 20) reported a surge in second-quarter revenue and net profit as the computer peripherals maker benefited from a shift to working from home during the COVID-19 pandemic. The maker of computer keyboards and mice also raised its full-year forecast, saying it now expects annual […]
Four Democratic U.S. senators on Thursday sent a letter to Amazon.com Inc’s Chief Executive Jeff Bezos, demanding answers over its alleged moves to track and monitor employees and limit efforts to form unions. WASHINGTON: Four Democratic U.S. senators on Thursday sent a letter to Amazon.com Inc’s Chief Executive Jeff Bezos, […]
Hackers infiltrated nearly 2,000 accounts of fintech startup Robinhood Markets Inc and siphoned off customer funds, Bloomberg News reported on Thursday, citing a person with knowledge of an internal review. REUTERS: Hackers infiltrated nearly 2,000 accounts of fintech startup Robinhood Markets Inc and siphoned off customer funds, Bloomberg News reported […]