Technology

DJI

DJI and other Chinese Firms Faces US Investment Blacklist

On late Thursday, the United States imposed investment and export restrictions on the drone maker DJI Technology Co. and other Chinese firms.  The blacklist includes HMN International, Jiangsu Hengtong Marine Cable Systems, and Jiangsu Hengtong OpticElectric.  Additionally, it restrains Shanghai Aoshi Control, and Zhongtian Technology Submarine Cable.  The American Treasury Department accused the companies of …

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apple

Apple Inc. Delays Employee Return to Office Indefinitely

On Thursday, Apple Inc. announced that it would delay the return of its workers to the office indefinitely.  In line with this, the iPhone maker provided $1,000.00 to all of its employees to buy their equipment for their home offices. Accordingly, this move came along with the surge of coronavirus cases.  At the same time, …

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google company

Google Warns to Dismiss Workers Flouting its Vaccine Rules

Google warns employees who disobey the company’s Covid-19 vaccination policies will lose pay and be eventually fired from their position.  Accordingly, the tech giant released a memorandum that mandates its workforce to state their vaccination status until January 18.  At the same time, Google asks them to upload documentation showing proof of medical or religious …

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toyota logo

Toyota Invests $35B into Battery-Powered Electric Vehicles

On Tuesday, Toyota Motor Corporation announced that it would invest $35.22 billion to produce a full lineup of 30 battery-powered electric vehicles by 2030. In addition, the automotive manufacturer targets to raise the global sales of BEVs by 3.50 million units a year by the end of the decade.  Toyota, one of the world’s largest …

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sensetime

SenseTime Withdraws $767M Hong Kong IPO after US Ban

On Monday, SenseTime announced that it would halt its $767.00 million Hong Kong initial public offering after its placement on a US investment ban. The Chinese artificial intelligence startup said to release additional prospectus with amendments and an updated listing table.  Subsequently, the company will also report the potential impact of the said prohibition, targeting …

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facebook

Facebook Opens its Virtual World App in the US and Canada

On late Thursday, Facebook, recently named Meta, announced that it would open Horizon Worlds, its virtual reality platform, in the United States and Canada. Correspondingly, owners of Meta Quest 2 headsets who are 18 years old and above could access the VR world.  Last year, the social media company initially unveiled this application with selected …

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Roku

Roku Inc. Strikes a Multi-Year Agreement with Google

Roku Inc. announced on Wednesday that it signed a multi-year deal with Google to retain YouTube and Youtube TV on its streaming platform. Correspondingly, the deal will allow the 56.40 million active Roku accounts to continue to access Google services without disruption. In line with this, shares of the digital media player company surged 18.23% …

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visa

Visa Inc. Launches Crypto Advisory Services

On Wednesday, Visa Inc. announced that it would offer new advisory services to assist its customers in navigating the cryptocurrency market. Accordingly, the financial services company formed its global crypto advisory team that will work alongside its consulting and analytics division. This segment will advise financial institutions, such as banks and merchants, on various virtual …

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