Didi Global Inc made its long-awaited debut as a public company on Wednesday. Its shares ended their first day of U.S. trading slightly over their initial public offering price, valuing the firm at $68.49 billion in the biggest U.S. listing by a Chinese firm since 2014. Significantly, Didi Global is the Chinese riding-hailing company that …
Chinese firm, Didi Global, hit $68 billion after U.S. debut Read More »
The Russian communications regulator Roskomnadzor has filed an administrative lawsuit against Google. The event happened after the U.S. technology giant failed to comply with a law requiring foreign companies to keep all data of Russian users in Russia. If the regulator finds that Google has violated the rules, Google will face a fine of up …
Russia opens lawsuits against Google and other tech giants Read More »
On Wednesday, Asian stock markets were upbeat, with oil prices continuing to rise. Meanwhile, China issued manufacturing activity figures in the morning. Early trade saw a rise in Mainland Chinese stocks. The Shanghai Composite was up 0.19 %, while the Shenzhen component remained virtually unchanged. The Hang Seng index in Hong Kong was down 0.25 …
In Windows 11, Microsoft is introducing modern elements to the PC experience. The new design aims to help users get what they want faster. However, these changes are beyond the surface. Microsoft changes the rules of its application store to bring more variety. It introduces Android applications to the PC and adds enhancements that are …
Facebook’s market value closed at more than $1 trillion for the first time on Monday. This social media company is the fifth American company to reach this milestone after Apple, Microsoft, Amazon, and Google’s parent company, Alphabet. On Monday, a U.S. judge dismissed a federal and state antitrust lawsuit against Facebook Inc. The lawsuit sought …
Facebook hit $1trillion after the antitrust case dismissal Read More »
Stocks in Asia-Pacific were muted on Monday. Remarkably, Hong Kong witnessed a shorter trading day following a morning pause due to harsh weather conditions. The Hang Seng index declined fractionally on Monday to 29,268.30. Remarkably, trading in Hong Kong’s markets continued Monday afternoon in the city after an earlier harsh weather warning was lowered. Hong …
Asia-Pacific stocks were muted after a shorter trading day Read More »
According to Microsoft, a hacker linked by the U.S. authorities and the Russian Foreign Intelligence Service installed malicious information-stealing software on one of its systems. The hackers used the collected information to attack their customers. The hackers broke into a computer used by a Microsoft customer support employee. They gained access to different types of …
SolarWinds hackers now attack Microsoft’s agent’s computer Read More »
Microsoft launched a fierce attack on rivals Apple and Google on Thursday. Microsoft announced that Windows 11 would have an app store that allows developers to retain 100% of app sales. Apple restricts app makers from showing anything that looks like a competing store, e.g., apps that contain links to download multiple apps. Last year, …
Microsoft’s new Windows 11 might anger Apple and Google Read More »
Hang Seng, the Hong Kong Stock Exchange benchmark index, settled with gains of 0.23% today. The selective advanced by 65.39 points to 28,882.46, mainly led by technology shares. Meanwhile, the Hang Seng China Enterprises advanced by a slight 0.03%. Among the sub-indices, the Commerce and industry climbed by 0.46%. The Finance sector added a slight …
By 2025, Alberta may surpass Ontario and become the province with the largest installed renewable energy capacity in Canada. As the latest sign of corporate investment in renewable energy, technology giant Amazon.com Inc. announced a deal on Wednesday. The new deal will lock up 80% of electricity for what is known as Canada’s largest solar …
Amazon inc. starts the largest solar project in Canada Read More »
European stocks are edging lower after trying to maintain momentum at all-time highs. The market is still adjusting to the Federal Reserve’s aggressive stance, which projected interest rate rises two times for 2023. Despite Fed chairman Jerome Powell’s attempt to put a dovish spin on last week’s shock, there will be a readjustment period for …
European stocks slip while Wall Street is set to open higher Read More »
Technology giants that may be spun off due to a series of new antitrust laws, publicly oppose these measures. Lawmakers will debate these measures on Wednesday. Amazon and Google issued statements on Tuesday against these bills. Apple and Facebook are also the targets of the House Judiciary Committee’s investigation into the digital market. However, they …
Tech Giants Say Antitrust Bills Will Hurt Small Businesses Read More »
Covid-19 is in full effect, and you might be wondering how this might affect Forex trading. Well, the only impact this year’s system change will have is making trading a whole lot easier. As the rest of the world rejoiced to see what new currency exchange rate was possible, Forex traders who had been looking …
With the recent outbreak of Covid-19, it’s hard to tell what the long-term effects will be on the global economy. It is almost certain that global stocks will experience a large drop in the coming weeks and months as this virus spreads. Still, there are ways to protect your portfolio from Covid-19 and hopefully make …
The Effect of the Covid-19 Pandemic on the Global Market Read More »
GlobalFoundries, a US-based semiconductor manufacturer, announced Tuesday to build a new manufacturing plant in Singapore to meet unprecedented global chip demand. GlobalFoundries said that it would develop a new facility in cooperation with the Singapore Economic Development Board. Loyal customers will jointly invest in it. According to the company, the development project will invest more …
Hot demand on chips made GlobalFoundries build a new plant Read More »
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