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Amazon has become the poster child of technology giants bucking the trend of major conglomerates breaking up, thanks to bright growth prospects shielding it from pressure to follow suit, investors and dealmakers said. Investors have in recent years fallen out of love with conglomerates holding disparate businesses. Many companies have taken note, with General Electric, Johnson
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Employees at many Apple stores in the United States are working to unionise, the Washington Post reported on Friday, citing people familiar with the efforts. The move comes against the backdrop of unionisation efforts gaining momentum at large US corporations, including Amazon and Starbucks. The report said employee groups at at least two Apple retail stores are
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India’s largest mobile operator Reliance Jio Infocomm will land the multi-terabit India-Asia-Xpress (IAX) undersea cable system in Hulhumale, Maldives, according to a statement on Monday. The high capacity and high-speed IAX system will connect Hulhumale directly with world’s major internet hubs in India and Singapore. Jio’s IAX project will land in the Maldives in collaboration
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Chinese tech giant Tencent said Friday it strongly disagreed with a US decision to add its WeChat app to a government list of “notorious” markets known for trade in counterfeit goods. WeChat and e-commerce site AliExpress were among those put on the list by the US Trade Representative (USTR) on Thursday spotlighting markets Washington says
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E-commerce sites operated by China’s Tencent Holdings Ltd and Alibaba Group Holding Ltd were included on the US government’s latest “notorious markets” list, the US Trade Representative’s office said on Thursday. The list identifies 42 online markets and 35 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy.
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Google announced plans Wednesday to limit ad tracking on its Android operating system, a sensitive privacy issue that rival Apple has already moved to curtail on its iPhones. Google announced a multi-year plan to develop Privacy Sandbox on Android with the aim of introducing more private advertising solutions. However, Google said it would keep alive for at
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