Mark Zuckerberg, who founded the social media giant from his Harvard University dorm room in 2004, has said he plans to give away 99% of his Facebook shares over his lifetime. Mark Zuckerberg’s net worth passed $100 billion for the first time Thursday after Facebook Inc. hit a record high […]
Business
Donald Trump says the government should get a cut from the sale of TikTok’s US unit if an American firm buys it. The US president said he made a demand for a “substantial portion” of the purchase price in a phone call at the weekend with Microsoft’s boss. He also […]
OAKLAND, California: Alphabet’s Google Cloud unit is poised for a surge in fourth-quarter sales from US retailers, as they brace for record online shopping during the holidays because of COVID-19 lockdowns. Cloud technology, used to host websites and store data, is a key part of many retailers’ e-commerce operations. As […]
The White House said in a statement the order will “create a policy where Federal agencies will focus on United States labor in lucrative Federal contracts” as it will be :unfair” for federal government agencies to “ replace perfectly qualified Americans with workers from other countries”. President Donald Trump signed […]
Donald Trump has said the US should get a cut from the sale of TikTok’s US unit if it is bought by an American firm. The US president said he made a demand for a “substantial portion” of the purchase price in a phone call at the weekend with Microsoft’s […]
FILE PHOTO: AirAsia planes are seen parked at Kuala Lumpur International Airport 2, during the movement control order due to the outbreak of COVID-19, in Sepang, Malaysia on Apr 14, 2020. KUALA LUMPUR: AirAsia is gearing up for the resumption of flights between Malaysia and Singapore, including the Kuala […]
NEW YORK: Alphabet Inc borrowed US$10 billion in the investment-grade corporate debt market on Monday (Aug 3), the Google parent’s largest bond issue, which it secured at its lowest-ever cost of financing. Of the US$10 billion on offer, the US$1 billion five-year tranche was issued at a coupon of 0.45 […]
SEOUL: Samsung Electronics on Tuesday (Aug 4) denied a media report that it is considering buying a small stake in SoftBank Group’s chip company Arm Holdings. The Korea Times newspaper reported Samsung’s interest in buying a minority stake of between 3 per cent and 5 per cent in the British […]
Vodafone Idea has let go off around 1,200 – 1,500 permanent employees since May 2020 in a bid to cut its operational costs. Vodafone Idea Limited (VIL) has laid off nearly 1,500 employees from across the country in a bid to cut its costs. The move follows an earlier decision […]
A potential shotgun wedding to Microsoft Corp for TikTok’s U.S. operations provoked an outcry on Chinese social media as well as criticism from a prominent Chinese investor in TikTok owner ByteDance. BEIJING/HONG KONG: A potential shotgun wedding to Microsoft Corp for TikTok’s U.S. operations provoked an outcry on Monday on […]