Category: Modern Business
-
Silicon Valley Bank failure having worldwide repercussions.
It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after their bank suddenly shut down Friday. The meltdown means distress not only for businesses but also for all their workers…
-
Williams announce sale of F1 team to US investment company
It’s the dawn of a new era for Williams after the Formula 1 team announced they have been acquired by American investment firm Dorilton Capital… The iconic British constructor, founded by Sir Frank Williams and Sir Patrick Head, said in May that they were embarking on a “new strategic direction”, and had begun talks with…
-
E-Commerce is transforming in Dubai
The Middle East is projected to be one of the next big growth areas for e-commerce, projected to be worth nearly $50 billion by 2022. Farmbox, a Dubai-based food delivery service, is one startup that has seen its orders jump nearly tenfold as more customers shop online.
-
Apple becomes a $2 trillion company?
Just two years ago, Wall Street investors pushed Apple to a trillion-dollar market capitalization, making it the most valuable tech company in the world. At around 7:53 a.m. PT on Wednesday, Aug. 19, Apple’s stock hit $467.55 a share, which when multiplied by the roughly 4 million shares outstanding as of June 27, values Apple at $2…
-
TikTok confirms it will sue the US government, alleging Trump failed to provide ‘due process’ before issuing ban
TikTok confirmed Saturday that the company planned to sue the US government over President Donald Trump’s executive orders targeting the popular app. A company spokesperson said TikTok experienced “a lack of due process as the administration paid no attention to facts and tried to insert itself into negotiations between private businesses.” TikTok, which has surged…
-
Global markets tumble for second day amid fears of coronavirus spread
Investors sold off shares across the world for a second day on Tuesday as fears of the economic impact of the coronavirus continued to grow.
-
Apple may be forced to disclose censorship requests from China
Apple could be forced to disclose details of censorship requests from China and other nations after two major shareholder groups backed a proposal that would force the tech firm to make new human rights commitments.
-
EU to demand right to punish UK if it fails to shadow Brussels rules
The EU will demand the right to punish Britain if the government fails to shadow the Brussels rulebook in the future, member states have agreed, as Boris Johnson was warned that the bloc would not be hurried into a deal on the future relationship.
-
Oil and gas industry rewards US lawmakers who oppose environmental protections – study
Companies spent $84m on congressional campaigns in 2018, analysis of votes and political contributions shows
-
Coronavirus: US says Russia behind disinformation campaign
Thousands of Russian-linked social media accounts have launched a coordinated effort to spread misinformation and alarm about coronavirus, disrupting global efforts to fight the epidemic, US officials have said.