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April 22, 2021

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Exclusive: ByteDance asks TikTok to draw up U.S. shutdown contingencies

September 4, 2020August 29, 2020 - by 1stemiratesnet

China’s ByteDance told engineers of its popular short-video app TikTok this week to make contingencies should it need to shut down its U.S. operations, even as it works toward divesting …

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Business

Musk confirms Tesla Nevada factory was target of ‘serious’ cyberattack

September 3, 2020August 29, 2020 - by 1stemiratesnet

Elon Musk said on Thursday that Tesla Inc’s (TSLA.O) factory in Nevada was a target of a “serious” cybersecurity attack, confirming a media report that claimed an employee of the …

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Business

Exclusive: Facebook says Apple rejected its attempt to tell users about App Store fees

September 2, 2020August 29, 2020 - by 1stemiratesnet

Facebook Inc on Thursday told Reuters that Apple Inc rejected its attempt to tell users the iPhone maker would take a 30% cut of sales in a new online events …

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Walmart joins Microsoft bid for TikTok as CEO of social media app quits

September 1, 2020August 29, 2020 - by 1stemiratesnet

Walmart Inc said it was joining Microsoft in a bid for social media company TikTok’s U.S. assets, revealing its plans hours after the video company’s chief executive said he would …

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Business

Tesla shares surge to record high, leaving rivals behind

August 31, 2020August 29, 2020 - by 1stemiratesnet

Tesla Inc shares continued their meteoric rise on Thursday, scoring yet another record high and further expanding the distance between the Silicon Valley electric carmaker and its traditional auto industry …

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Business

Treasury yields, dollar gain after Fed’s historic policy shift

August 30, 2020August 29, 2020 - by 1stemiratesnet

NEW YORK – Global equity markets rose to a new high on Friday as U.S. consumer spending in July suggested a strong economic rebound lies ahead, while the Japanese yen …

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Business

Trump says he saved 51 million jobs in pandemic. Economists, U.S. officials say otherwise

August 29, 2020 - by 1stemiratesnet

WASHINGTON – Standing before half a dozen American flags during a press conference at his country club in Bedminster, New Jersey, President Donald Trump heralded what has become a central …

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