As Facebook, the world’s largest social media company, invests $5.7 billion for a 9.99 per cent stake in Jio Platforms, the deal is also seen as a powerful alliance to take on formidable players in e-commerce and payments space such as Amazon, Flip-kart and Google. The partnership is expected to help Mr.Ambani’s Reliance e-commerce venture […]
Amazon says it will build its own coronavirus testing lab to monitor the health of its staff. Cases of Covid-19 have been reported at more than 50 Amazon facilities across the US. Some have involved multiple infected workers. The company said it had assembled a team to build its own “incremental testing capacity”. Amazon staff […]
Global oil prices remain on edge after Saudi Arabia and Russia postponed a meeting about a deal to cut output as the virus pandemic hits demand. The two countries have been locked in an oil price war for the last month. Traders are concerned that, with large parts of the world in lockdown, there will […]
Nokia has added 5G and edge capabilities to its Worldwide IoT Network Grid (WING) managed service, which aims to help operators capture early IoT market share without investing in infrastructure. The evolved form of the Nokia WING will allow operators to use new business models and foray into industries like critical public services, remote healthcare, […]
The number of jobless claims rose by 70,000, but several sectors are ramping up hiring even as the coronavirus pandemic creates layoffs Amazon plans mass hiring. Many employees in the U.S. are holding their breath, waiting to see if their jobs will be the next to disappear as authorities order businesses to close and residents […]
Etihad Airways Credit permits a free cancellation and offers the original value of a booking to be used as credit towards their next trip Etihad Airways said on Thursday it is introducing Etihad Credit to give passengers the freedom to delay their travel plans as the coronavirus crisis continues to grip the world. Etihad Credit […]
Qatar Airways is in talks to acquire a 49% stake in state-owned RwandAir and is “keen to invest” in Indian low-cost carrier IndiGo when the time is right, the Gulf carrier’s chief executive Akbar Al Baker disclosed today. During an appearance at the CAPA Qatar Aviation Aeropolitical and Regulatory Summit in Doha, livestreamed via Qatar […]
ZA Bank, the first of the eight firms with a licence to launch a digital bank in Hong Kong, is to deploy payments software from Fiserv as it gears up towards a live launch.ZA, established by ZhongAn Technologies International, launched the city’s first digital-only bank in December as a pilot, and is offering 6% for […]
Goldman Sachs Group Inc (GS.N) plans to raise $8 billion in only its second buyout fund since the 2008 financial crisis, bolstering its ability to secure deals worldwide, said two people with direct knowledge of the matter. Undeterred by a coronovirus epidemic in China that has cast a shadow over the global economy, the Wall […]
Over the weekend, the Emirates News Agency reported that the UAE’s Ministry of Health and Prevention (MoHAP) launched a blockchain platform for storing healthcare and pharmaceutical data. The platform has been developed in collaboration with the Ministry of Presidential Affairs, Dubai Healthcare City, and other health authorities in the country. It is part of MoHAP’s […]
Korean operator SK Telecom says it has managed the world’s first standalone 5G data session on a multi-vendor commercial 5G network. Single vendor set-ups are increasingly out of fashion within the telecoms world, with the traditional wariness regarding vendor lock-in combined by geopolitical uncertainty that threatens to compel the exclusions of certain vendors that shall […]
Oil prices jump after Iran attacks bases housing US troops that sparked fears of all-out war between Iran and America. US crude was last up more than 1.2% to over $63 a barrel, coming down slightly from a 4% spike earlier. Brent crude, a global oil benchmark, was last up 1.6% to about $69 a […]
