Walmart Inc has agreed to pay $16 billion for a roughly 77% stake in online shopping site Flipkart, the U.S. retailer’s biggest foreign investment ever as it battles rival Amazon in one of the world’s biggest emerging markets. The remainder of the business will be held by some of Flipkart’s existing shareholders, including Flipkart co-founder Binny Bansal, China’s Tencent Holdings […]
» Read moreWhatsApp CEO Jan Koum is breaking ties with his company’s parent, Facebook, amid a privacy scandal that has dogged the social network for weeks. Mr. Koum confirmed his departure from WhatsApp on Monday on his Facebook page. The Washington Post reported that Mr. Koum also plans to resign from Facebook’s board of directors. Facebook wouldn’t comment on that report. Facebook […]
» Read moreFacebook took action on 1.9 million pieces of content related to the Islamic State (IS) and al-Qaeda in the first quarter of 2018, twice as much as the last quarter of 2017. The key part is that Facebook found the vast majority of this content on its own. “In Q1 2018, 99% of the IS and al-Qaeda content we took […]
» Read moreAmazon began laying off a small section of its workforce in India last week as part of a global restructuring, and more employees could be asked to leave following annual appraisals, according to two people aware of the developments. Amazon let go of nearly 60 employees from its recruitment team last week, one of them said. The second person said […]
» Read moreGoogle on Monday commemorated the 45th anniversary of the Chipko movement with a doodle. The doodle depicts four women bedecked in traditional attire, holding hands and forming a chain around a tree, with the fauna which are denizens of the forest portrayed as spectators to this scene of solidarity that is played out on a starry night.
» Read moreAirAsia Bhd is selling up to 182 Airbus jets to firms managed by BBAM Ltd, one of the world’s largest aircraft portfolio managers, in a $1.2 billion deal that will help it cut debt and give it firepower to expand further. With the sale of its leasing operations, Asia’s biggest budget airline is cashing in on a booming leasing sector […]
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