SRCHEN
LinkedIn cuts over 700 jobs, exits China app as demand wavers
May 8 (Reuters) – LinkedIn, the social media network owned by Microsoft Corp (MSFT.O) that focuses on business professionals, said on Monday it would cut 716 jobs as demand wavers, while also shutting down its China-focused job application. LinkedIn, which has 20,000 employees, has grown revenue each quarter during the last year, but it joins …
Western companies head for the exit in Russia as sanctions tighten
BP to exit Rosneft stake worth $25 billion Pressure on other energy companies to follow suit Shares hit in firms with Russian assets Some Russian banks shut out from SWIFT Europe, Canada close airspace, Russia retaliates Feb 28 (Reuters) – Energy giant BP, global bank HSBC and the world’s biggest aircraft leasing firm AerCap joined …
Breaking up Big Tech in focus as new U.S. antitrust bills introduced
The U.S. Capitol is seen at sunrise. Washington, U.S. January 11, 2021. REUTERS/Erin Scott A bipartisan group of lawmakers in the U.S. House of Representatives introduced four bills on Friday aimed at reining in the power of the tech giants, with one potentially leading to their break-up. Two of the bills address the issue of …
Apple opens its video conferencing software to Windows, Android
Apple Inc (AAPL.O)on Monday showed updates to its FaceTime video chat app, adding the ability to schedule calls with multiple attendees and making the software compatible with Android and Windows devices. The move, which puts Apple in more direct competition with companies like Zoom Video Communications Inc (ZM.O)that gained prominence during the pandemic, was the …
U.S. tech giant shares unmoved on G7 tax deal
FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo Shares in U.S. technology giants were flat to slightly lower in premarket trading, little changed by the landmark global minimum corporate tax dealagreed between the world’s richest nations. The Group of Seven (G7) advanced economies agreed on Saturday to back a …
Canada says reiterated to U.S. that it plans a digital services tax – minister
Canada’s Minister of Small Business, Export Promotion and International Trade Mary Ng speaks during Question Period in the House of Commons on Parliament Hill, as efforts continue to help slow the spread of the coronavirus disease (COVID-19), in Ottawa, Ontario, Canada April 20, 2020. REUTERS/Blair Gable/File Photo Canada reiterated to the United States that it …
Indonesia’s Gojek, Tokopedia merge to create tech giant
Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia have agreed to a merger to create a multi-billion dollar tech company called GoTo in the country’s largest-ever deal. The combined entity, which will span online shopping, courier services, ride-hailing, food delivery and other services in Southeast Asia’s largest economy, will be the biggest privately …
