India asks Facebook’s WhatsApp to withdraw privacy policy update

New Delhi: India’s technology ministry has asked WhatsApp to withdraw changes to its privacy policy the messenger announced this month, saying the new terms take away choice from Indian users. The demand creates a new headache for WhatsApp and its US parent Facebook, which have placed big bets on the South Asian nation to expand […]

FedEx to lay off up to 6,300 workers in Europe after TNT takeover

New York: FedEx plans to cut up to 6,300 jobs in Europe as it eliminates staff duplication across following the 2016 takeover of TNT, FedEx announced Tuesday. FedEx said the downsizing will take place over an 18-month period following consultation with works council representatives across Europe and in accordance with local rules across the region. […]

India plans foreign investment rule changes that could hit Amazon

New Delhi: India is considering revising its foreign investment rules for e-commerce, three sources and a government spokesman told Reuters, a move that could compel players, including Amazon.com Inc, to restructure their ties with some major sellers. The government discussions coincide with a growing number of complaints from India’s bricks-and-mortar retailers, which have for years […]

Join Visa’s MENA eCommerce Summit as it dives deep into latest trends

The third edition of the eagerly anticipated Visa MENA eCommerce Summit is set to take place on January 27; and never has the future growth of this sector been such a hot topic. The global pandemic has accelerated what was already a growing trend. When millions of people had their movements restricted, the reliance on […]

TikTok owner ByteDance launches Douyin Pay, an e-payment service

Beijing: TikTok owner ByteDance has begun rolling out an electronic payment service connected to Douyin, the Chinese version of the popular short video app, the tech giant said Tuesday. Douyin Pay, which functions similarly to reigning Chinese electronic wallets WeChat Pay and Alipay, aims to “supplement existing major payment options, and to ultimately enhance user […]

General Motors teams up with Microsoft on Cruise driverless cars

Silver Spring: General Motors is teaming up with Microsoft to accelerate its rollout of electric, self-driving cars. In the partnership announced Tuesday, the companies said Microsoft’s Azure cloud and edge computing platform would be used to “commercialize its unique autonomous vehicle solutions at scale.” Microsoft joins General Motors, Honda and other institutional investors in a […]