Business

Tesla is halting production at Fremont factory in response to coronavirus

Tesla, the electric car maker, said that it is hanging on its production in its Fremont and New York factories from Monday, March 23, due to the growing pressure from the local health authorities to shut down to break off the...

Amazon is hiring for 100,000 positions to support its services with an unprecedented increase in demand amid Coronavirus

Amazon plans to hire more than 100,000 workers to assist in online deliveries in the USA, the UK, and many countries in the EU. Besides hiring, Amazon announced it will increase pay, through April, in the USA by $2 per hour,...

Apple fined a record $1.2 billion by the French competition authority

Apple is fined for 1.1 billion euros ($1.2 billion) on Monday by France's antitrust authority "Autorite de la concurrence" for being guilty of creating a cartel within its distribution network. Apple distributors, Tech Data and Ingram Micro were also sanctioned for...

Airbnb offering full refund as the lockdown continues to disrupt the travel plans

Airbnb - a San-Francisco based company that offers homestays or tourism experiences primarily - has announced a full refund policy for every reservation around the world amid the coronavirus pandemic. Both hosts and guests can now cancel all of their bookings...

Google asks staff in North America to work from home

Google asks all of its North-American employees to work from home (WFH), due to COVID-19 - coronavirus - outbreak, if their workload and situation allow it. The company extended the permission, through a memo, until April 10. Amazon,...

Facebook sues Namecheap for registering deceptive domains

Facebook, the social network company, has filed a lawsuit against Namecheap, a domain name registrar, and WhoisGuard, Namecheap's proxy service, in Arizona for alleged cybersquatting and registering deceiving domain names that allegedly infringed on Facebook's trademark.  Christen Dubois,...

Amazon employee tests positive for coronavirus – in Seattle and Italy

Amazon has confirmed an employee in Seattle is tested a positive coronavirus. "The employee went home feeling unwell on Tuesday, February 25 and has not entered Amazon offices since that time," an official email said. The online tech...

Foxconn expects to bring workers back to work by the end of March

Foxconn is bringing its workers back to work to resume the normal production in China by the end of March. More than half of the workforce has already started working following the coronavirus outbreak.  The Taiwanese firm, Foxconn,...

Toyota invests $400 million in Pony.ai for Level 4 autonomous cars

Pony.ai, an autonomous driving startup based in China, has received a total of $462 million in the latest funding round, led by Toyota Motor Corporation. The largest Japanese automaker has funded $400 million into Pony.ai, followed by Sequoia, KUNLUN, IDG Captial, and ClearVue...

Intuit is buying Credit Karma for $7.1 billion, its biggest acquisition

Intuit, a US-based leading financial software company, is intending to acquire Credit Karma — another leading multinational personal financing company for $7.1 billion in cash and stock. The deal would mark the biggest acquisition in the history of Intuit,...

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VMWare acquiring network security firm Lastline

VMware, a well known American publicly traded software company, has announced its intent to acquire Lastline, an anti-malware cybersecurity company, for research...