Microsoft invests in GM's self-driving car company
Jan 21, 2021 10:25 am UTC| Business Economy
GM-owned self-driving firm Cruise pushed its total value to $30 billion with Microsofts participation in a $2 billion equity investment. It was not divulged how much Microsoft infused in the equity investment and how...
eBay is reportedly selling its Korean retail marketplace
Jan 21, 2021 10:04 am UTC| Business
eBay is now thinking about selling its retail platform in South Korea that is known as eBay Korea. The potential sale of the marketplace is a move initiated by the American multinational e-commerce corporation in response...
Google asks lawsuit by 10 states be moved from Texas to California
Jan 21, 2021 09:55 am UTC| Economy Business Law
Google has asked a Texas judge to transfer an antitrust lawsuit filed by 10 states to a court in California, where the company has more relevant witnesses and documents. The search engine company noted that it was...
Naver is buying Wattpad for $593.6 Million
Jan 21, 2021 09:50 am UTC| Business
Naver Corp. announced this week that it is acquiring the social storytelling platform Wattpad. The online writing and reading site is based in Toronto, Canada, and there are over five million writers who are currently...
Amazon sues EU for allowing separate Italian probe over same issue
Jan 21, 2021 09:47 am UTC| Business Economy
Amazon is suing to annul the European Commissions (EC) decision that allowed the Italian competition watchdog to pursue a separate case against it over the way it selects sellers. The US online retail giant took its...
LG Electronics will stop making smartphones in 2021: Report
Jan 21, 2021 09:11 am UTC| Business Economy
LG Electronics may be giving up its smartphone manufacturing business this year. This means that the company will be withdrawing from the mobile phone market and stop the production of the device. Although this was not...
Jack Ma finally emerged after months of ‘disappearance’ and sent Alibaba stocks soaring
Jan 21, 2021 08:07 am UTC| Business Economy
Jack Ma, the founder of Alibaba Group, a Chinese tech, and e-commerce company, made his very first public appearance after disappearing in the public eye in October 2020. The billionaire was said to have vanished after...
Melania Trump reportedly did not personally write her thank you notes to White House residence staff