Search results for "IT"

Batelco rolls out a merchant-focused eCommerce platform, Batelco eSuite

Bahrain-based telecom services company Batelco recently started its eCommerce platform, Batelco eSuite, in an effort to set up stores that are online, according to a TradeArabia report earlier last week.    According to a press release, retailers won’t have a hard time surfing the website/store for the fact that it is user-friendly and provides clear instructionsfor users. Also, customers can have […]

Cryptocurrency Synchronizes with the Global Market Drop

As trading volumes dry up, potential open interests hinder, and the number of active addresses slumbers, Bitcoin and other cryptocurrencies’ value fell on Thursday, led by the Federal Reserve’s December meeting reaching risk assets worldwide. According to Coin Metric data, the godfather of all digital assets, Bitcoin, fell by eight percent in 24 hours after […]

Meta prepares to appeal UK order for Giphy acquisition

Facebook’s parent company, Meta, submitted an appeal to the UK competition watchdog ruling forcing the tech giant to sell the recently acquired company, Giphy, under the pretense that it removed a potential advertising rival. In December 2020, the Big Tech giant appealed against the Competition and Markets Authority (CMA) for prohibiting the acquisition, after it […]

Sony Looks to Electric Cars for its Next Big Hit

Japan’s Sony Group Corp plans to launch a company this spring to examine entering the electric vehicle market, looking to harness its strengths in entertainment and sensors to play a bigger role in next-generation mobility. The new company, Sony Mobility Inc, comes as the Japanese tech giant is “exploring a commercial launch” of electric vehicles, […]

China Drafts Rules on Security Reviews for Apps Influencing Public Opinion

China’s cyber regulatory body issued on Wednesday draft rules governing mobile apps, including a requirement for security reviews of apps whose functions could influence public opinion. The proposed regulations are part of a campaign run by the Cyberspace Administration of China (CAC) over the past year to increase oversight of the country’s tech companies. The […]

Samsung Likely to Report Best Q4 Profit on Solid Chip Demand

Samsung Electronics Co Ltd is likely to post a record fourth-quarter profit thanks to solid demand for server memory chips and higher margins in contract manufacturing, analysts’ estimates showed. Operating profit for the world’s biggest memory chip and smartphone maker likely hit 15.2 trillion won ($12.7 billion) in the quarter ended December, according to a […]

China to Order Cybersecurity Reviews for Some Firms Seeking Overseas Listings

China said on Tuesday it would put in force new rules that will boost oversight over how its platform companies make plans to list abroad or use recommendation algorithms, in moves set to tighten Beijing’s grip over its sprawling technology sector. The Cyberspace Administration of China (CAC) said it would from Feb. 15 implement new […]

Apple Under Antitrust Scrutiny by Indian Watchdog

India’s competitions watchdog, the Competition Commission of India (CCI), is launching an investigation into Apple’s business practices for the alleged abuse of its dominant market position in the Indian app market, violating antitrust laws.  This move comes after a non-profit group, “Together We Fight Society,” accused the tech giant of forcing app developers to abide […]

Morgan Stanley to Pay $60 Million to Resolve Data Security Lawsuit

Morgan Stanley agreed to pay $60 million to settle a lawsuit by customers who said the Wall Street bank exposed their personal data when it twice failed to properly retire some of its older information technology. A preliminary settlement of the proposed class action on behalf of about 15 million customers was filed on Friday […]