Facebook will shift all its users in the United Kingdom into user agreements with the corporate headquarters in California, moving them out of their current relationship with Facebook's Irish unit and out of reach of Europe's privacy laws.
US technology firms including Amazon, Apple, Facebook, and Google face fines of up to 10 per cent of their annual turnover and could even be forced to break up under draft European Union rules announced on Tuesday aimed at curbing their powers.
On an earnings call two months ago, SolarWinds Chief Executive Kevin Thompson touted how far the company had gone during his 11 years at the helm.
Violence at a Wistron factory in southern India is likely to stall the company's and its client Apple's drive to expand local manufacturing, while forcing the government to redouble efforts to encourage foreign investors.
Condé Nast promoted Vogue US editor Anna Wintour to the role of chief content officer, worldwide, as part of a restructuring the company unveiled on Tuesday.
Sixty-two per cent of the International Monetary Fund's lending in response to the coronavirus pandemic has gone to 21 countries in hard-hit Latin America, IMF Managing Director Kristalina Georgieva said on Tuesday (Dec 15).
The chief executive of Intel Corp-owned Mobileye on Tuesday laid out plans for a self-driving car system for 2025 that could use house-built lidar sensors rather than units from Luminar Technologies Inc and cost a "few thousand" dollars.
A federal banking regulator on Tuesday (Dec 15) finalised new rules that should make it easier for non-bank companies to acquire a banking license, paving the way for a slew of technology companies to compete more effectively with traditional banks.
Some of the world's biggest private equity firms, including Blackstone Group Inc, Silver Lake Partners LP and Thoma Bravo LP, own major stakes in the software firms whose shares dived on news that they were breached by Russian hackers.
Facebook Inc will shift all its users in the United Kingdom into user agreements with the corporate headquarters in California, moving them out of their current relationship with Facebook's Irish unit and out of reach of Europe's privacy laws.
