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To help curb risks to China's financial system, Beijing has in recent months ramped up scrutiny of technology companies and tightened antitrust regulations.
Twitter shares sank more than 12% on Friday after the social media company warned the current quarter could be its worse as it eyed a weaker 2021.
Synopsis The approvals come at a time when India is looking to ramp up its Covid-19 vaccination programme, as cases continue to surge across the country. AFP Representative image The Telangana government has been permitted to conduct experimental delivery of Covid-19 vaccines using drones over short distances. The permission was granted by the Directorate General of Civil Aviation (DGCA) and ministry of civil aviation. The ministry said in a notification dated April 29 that it had granted the state a conditional exemption from the UAS (Unmanned Aircraft System) Rules, 2021 for conducting “e...
India Inc steps up with coronavirus care centres for employees hit by second wave SECTIONS Share Synopsis Employees recuperating at these centres will have access to nurses and doctors, even oxygen, while for more serious cases, the necessary medical help/hospitalisation will be arranged as available. These centres, meant largely for mildly symptomatic/asymptomatic cases, are especially useful for people who live alone or in small homes with family and would otherwise face difficulty in isolating. As India's daily cases amidst the raging pandemic inch towards the 4 lakh mark, corporates have ...
We'll soon meet in your inbox. Please wait... Amazon reported that its profit in the recently ended quarter tripled as online sales boomed. Revenue soared to $108.5 billion, an increase of 44% from the same period a year earlier, as the pandemic fueled a trend of shopping online instead of in real-world stores. Profit in the quarter was $8.1 billion, compared with $2.5 billion in the first three months of last year. The Amazon Web Services unit that hosts services and data in the internet cloud saw revenue in the quarter climb to $13.5 billion. People and businesses turning to the interne...