U.S. employment growth slowed considerably in July amid a resurgence in new COVID-19 infections, offering the clearest evidence yet that the economy’s recovery from the recession caused by the pandemic was faltering. WASHINGTON: U.S. employment growth slowed considerably in July amid a resurgence in new COVID-19 infections, offering the clearest […]
Business
US President Donald Trump has announced sweeping restrictions against Chinese-owned WeChat and TikTok, signing executive orders giving Americans 45 days to stop doing business with the platforms. Beijing, China: A US ban on the WeChat messaging platform could cut lines of communication between friends in China and America and force […]
BEIJING: Beijing accused the United States of “suppression” after President Donald Trump ordered sweeping restrictions against Chinese social media giants TikTok and WeChat. Chinese foreign ministry spokesperson Wang Wenbin told a regular press briefing on Friday (Aug 7) that the US move came at the expense of American users and […]
Ride-hailing trips, in the past responsible for nearly two-thirds of Uber’s revenue, increased 5 percentage points from their low in April. Homebound customers of Uber Technologies Inc more than doubled their orders from the company’s food-delivery service in the second quarter but demand for ride-hailing trips only marginally recovered from […]
Trump’s order contended the step is needed to “deal with the national emergency with respect to the information and communications technology and services supply chain.” Washington, United States: US President Donald Trump on Thursday ordered that a ban on interacting with popular social media platform TikTok or its Chinese parent […]
Vodafone Idea’s average revenue per user (ARPU) per month came down to Rs 114 per month in June quarter. Vodafone Idea shares fell as much as 7.39 per cent to hit an intraday low of ₹ 7.64 after the company informed exchange after market hours on Thursday that its net […]
The moves come amid concerns over campaigns by governments aimed at influencing elections and public sentiment in other countries through media outlets that disguise their true origins. Facebook, Twitter aim at thwarting efforts to deceive or divide voters San Francisco: Twitter and Facebook on Thursday announced moves to thwart […]
The bill will now go to President Donald Trump to be signed into a law, which will prohibit federal employees from downloading or using TikTok on any device issued by the federal government. Washington: The United States Senate on Thursday unanimously passed a bill banning the Chinese-owned video-sharing app TikTok […]
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 […]
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 […]