Tag: International Business
US to take strong action on TikTok; Could face service restrictions
The US ban on global short video sharing sensation, TikTok looks very close to happening as the House of Representatives in American Congress voted...
Netflix’s sudden growth unsustainable; Warns Management
Global video streaming platform Netflix added 10 million subscribers in the second quarter, well above expectations, but management cautioned that its growth spurt caused...
Banned Chinese Apps hit back at India; Start to layoff Indian...
According to reports, Alibaba Group's subsidiary UC Web is slashing staff in India after a ban on 59 Chinese-origin mobile apps that includes UC...
Last-Minute Rescue; Richard Branson’s airline bags $1.5bn deal
UK-based airline Virgin Atlantic which is owned by British business magnate and global investor Richard Branson has received a $1.5 billion rescue deal backed...
Abu Dhabi’s ADIA renews Indian interest with a deal for Jio...
The Abu Dhabi Investment Authority (ADIA) has revived its initial discussions with India’s Reliance Industries Ltd (RIL) to inject approximately $1 billion into InvIT-...
Uber acquires Postmates: Strengthens its foothold in the food delivery segment
US-based ride-hailing multinational Uber acquired American food delivery service Postmates in an all-stock transaction of $2.65 billion. The firm plans to run its own...
Big blow to China; Britain could ban Huawei’s 5G Network
Britan is expected to make a U-turn on its earlier decision and ban Huawei Technologies' equipment in its 5G network.
According to the reports from...
Jeff Bezos’ wealth unaffected by COVID; Amazon CEO creates new record
American industrialist and Amazon CEO Jeff Bezos' net worth has created a new record, even though he gave up a quarter of his share...
