OAKLAND, California: Microsoft’s potential acquisition of short-video app TikTok carries myriad risks, thrusting it into the politically fraught social media business and China-US conflict amid increased scrutiny of Big Tech companies. But the deal could help Microsoft build on its US$27 billion purchase of LinkedIn to become a bigger player […]
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SHANGHAI: Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology, also known as Xiao-I, has filed a lawsuit against Apple, alleging it has infringed on its patents. The company is calling for 10 billion yuan (US$1.43 billion) in damages and demands that Apple cease “manufacturing, using, promising to sell, selling […]
BEIJING: The founder of ByteDance, which owns social media giant TikTok, said on Monday (Aug 3) his teams were working round-the-clock “for the best outcome”, as talks on the sale of its US operation to Microsoft continue, Chinese media reported. TikTok – popular in the United States and widely used […]
BURBANK, California: For Walt Disney, the ability to sell Frozen-themed water bottles at the Magic Kingdom theme park while selling ads during the NBA playoffs has historically been its greatest strength. But since the coronavirus pandemic forced theme parks and cinemas to shutter and live sporting events to be cancelled, […]
THOUSAND OAKS, California: Rival drugmakers AbbVie, Amgen and Takeda Pharmaceuticals on Monday (Aug 3) said they have begun treating patients in a trial to quickly show whether a drug from each company can be repurposed and used against COVID-19, the disease caused by the coronavirus. The COVID-19 pandemic is an […]
SINGAPORE: Aircraft engine manufacturer Pratt & Whitney has laid off 20 per cent of its workforce in Singapore – making up about 400 of the more than 2,000 employees it has locally – the firm announced on Monday (Aug 3). Pratt & Whitney said its four companies unionised under the […]
President Donald Trump only agreed to allow Microsoft Corp to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday. BEIJING/HONG KONG: A potential shotgun wedding to Microsoft Corp for TikTok’s U.S. operations provoked […]
LONDON/TOKYO: Euro zone manufacturing activity expanded modestly last month, its first growth since early 2019, and Asia’s pain eased as the contraction slowed in export-reliant nations, adding to hopes the sector is emerging from the hit of the coronavirus pandemic. Just over 18 million people have been infected by the […]
MANILA: The Philippines stock market tumbled on Monday (Aug 3) after the government reimposed coronavirus lockdown measures in and around Manila in response to fresh outbreaks, dashing hopes of a swifter economic recovery. The restrictions, due to take effect from Tuesday, are being reinstated after a group of doctors and […]
Zoom Video Communications will shift to a partner-only model in mainland China from Aug. 23, the company said on Monday. SHANGHAI: Zoom Video Communications will shift to a partner-only model in mainland China from Aug. 23, the company said on Monday. Users in mainland China may continue to join Zoom […]