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Canadian Competition Bureau fines Facebook $9 million for false claims

Published Date: 2020-05-22         Author: Pankaj Singh

Social media giant, Facebook Inc., has been witnessing a never-ending deluge of privacy and security related scandals over the past few years. Recently, the company made headlines when Canada’s Competition Bureau has fined the social media giant USD 9 million for making misleading or false cla... Read More

Uber to shift its APAC HQ from Singapore as COVID-19 impact worsens

Published Date: 2020-05-21         Author: Saipriya Iyer

Uber Technologies, the renowned American ride hailing company, is reportedly planning to move its Asia-Pacific HQ out of Singapore over the coming 12 months, as COVID-19 outbreak continues to disturb its business. The APAC hub would be shifted to another city within the region. The US-based firm ... Read More

Sika starts manufacturing safety masks after hand sanitizers

Published Date: 2020-05-20         Author: Pankaj Singh

  Sika has started producing safety masks for its employees and customers These face masks have polyester-based protective layers 50,000 masks have been produced till date and 165,000 more have been pre-ordered Swiss chemical specialty major Sika has reportedly commenced the prod... Read More

Indian airlines resume flight bookings for June amid COVID-19 lockdown

Published Date: 2020-05-19         Author: Saipriya Iyer

Some Indian airlines have reportedly commenced bookings for flights starting from June amid the suspension of commercial flight services till 31st May due to coronavirus lockdown. People with knowledge of the matter have stated that international flight bookings of SpiceJet will remain closed til... Read More

Qantas Airways gets permission to not pay sick leaves to workers

Published Date: 2020-05-18         Author: Saipriya Iyer

Qantas has received approval by a Federal Court judge in Australia to not pay sick leaves during the coronavirus period, rejecting a bid that was formed by the union. Apparently, about 20,000 workers at Qantas were stood down in the middle of March and were legally able to access certain entitlem... Read More

Greg Abbott in talks with Elon Musk to move Tesla’s EV plant to Texas

Published Date: 2020-05-15         Author: Saipriya Iyer

Greg Abbott, Texas Governor, is reportedly in talks with Tesla’s chief executive, Elon Musk, regarding the potential move of Tesla’s EV assembly plant to Texas. This comes along the heels of Musk intending to move the company’s headquarters to either Nevada or Texas, as official... Read More

Twitter permits employees to ‘work from home’ for an indefinite period

Published Date: 2020-05-14         Author: Saipriya Iyer

On Tuesday, Twitter announced that its employees are now allowed to work from home for as long as they want.   The company says it will adopt a careful approach and start opening offices one by one, gradually from September. Jack Dorsey, the CEO of Twitter in a companywide email, an... Read More

Australia-based Verteva secures US$21.4M in Series A funding round

Published Date: 2020-05-13         Author: Pankaj Singh

Verteva, an Australian fintech startup has reportedly secured about US$21.4 million in Series A funding round from Bolton Equities, an investment services company. The start-up based in Sydney was originally founded in 2019 and aims to create a digital alternative driven by data, for customers ac... Read More

Indian IT sector seeks revision of labor laws to incorporate WFH

Published Date: 2020-05-12         Author: Saipriya Iyer

The IT sector in India is looking for revisions in the taxation as well as the labor laws of the country as more than half of the workforce in the industry, which is worth $191 billion, could be starting the delivery of services remotely, which is a part of the different changes that have been wroug... Read More

TechM receives notice over complaints on salary cuts during lockdown

Published Date: 2020-05-11         Author: Saipriya Iyer

Tech Mahindra, an Indian IT company, has reportedly received a notice issued by the Pune labour commissioner over complaints on salary cuts during the coronavirus lockdown in India. The NITES (National Information Technology Employees Senate) reportedly claimed that the Tech Mahindra staff complaine... Read More

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