Thursday, April 25

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Germany becomes first country to phase out coal and nuclear
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Germany becomes first country to phase out coal and nuclear

Berlin, Jul 7, 2020: German lawmakers have finalized the country's long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn't ambitious enough and free marketeers criticize as a waste of taxpayer's money. Bills approved by both houses of parliament Friday envision shutting down the last coal-fired power plant by 2038 and spending some 40 billion euros ($45 billion) to help affected regions cope with the transition. The plan is part of Germany's ''energy transition'' an effort to wean Europe's biggest economy off planet-warming fossil fuels and generate all of the country's considerable energy needs from renewable sources. Achieving that goal is made harder than in comparable countries such as France and Britain because of Germany's exis...
India’s Richest Man Company launched Zoom alternative Jiomeet
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India’s Richest Man Company launched Zoom alternative Jiomeet

NEW DELHI, 3rd July 2020: India's richest man Mukesh Ambani's company Reliance Jio officially launched its video conferencing platform JioMeet yesterday. JioMeet is available on Google Play Store, App Store, and for desktop users. The video conferencing app, which can support up to 100 participants at once. Reliance owned Jiomeet will now compete with other video conferencing platforms like Zoom, Google Meet, etc. Also Read: This Indian Startup Has Made a Zoom Alternative, in Just 20 Days Jio Meet is a platform that has much uniqueness, it actually has an ability to work on any device, any operating system, and it has an ability to do a complete collaboration,” Pankaj Pawar, senior VP, Reliance Jio Infocomm, said to Pixr8 News. “And effectively, this collaboration does not...
Pizza Hut Franchise File for Bankruptcy
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Pizza Hut Franchise File for Bankruptcy

World's largest Pizza Hut franchisee in the US filed for Chapter 11 bankruptcy due to business loss in the Covid19 period. In its court filing, the franchise distributor of Pizza hut and Wendy restaurant's, NPC International Inc. listed estimated assets ranging from $1 billion to $10 billion and estimated liabilities in the same range.  NPC operates 1,227 Pizza Hut and 393 Wendy's franchise in the United States, representing about 20% of the domestic Pizza Hut system. One of NPC's hurdles has been Pizza Hut's performance in recent years, which created a "significant drag on profitability due to a lack of sales growth and a significant inflationary cost environment," the filing said. But the Covid19 pandemic causes a big loss for Pizza Hut sales, and NPC has struggled wit...
TikTok Ban will Hit Parent Firm ByteDance’s $1 Billion Expansion Plan
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TikTok Ban will Hit Parent Firm ByteDance’s $1 Billion Expansion Plan

New Delhi, 30th June 2020: A ban on 59 Chinese apps including Tiktok by the Indian government over security issues derailed Chinese company ByteDance $1 billion India expansion plan. Tiktok app is owned by its parent firm ByteDance was removed from Google and Apple app stores in India after the Indian government announced on Monday that it was among the 59 apps which it believed posed a "threat to sovereignty and integrity". "If this is not rolled back, these companies would be constrained to cut back their operations in India, potentially resulting in a loss of employment," said a lawyer who advises a Chinese company whose app has been banned. China's foreign ministry said it was "strongly concerned" about India's decision, adding that India had a "responsibility to uphold the l...
Google Meet will now blur your background during live video calls
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Google Meet will now blur your background during live video calls

Google video conferencing app Meet will soon let users to add images or a blur effect to backgrounds on video calls. Google is also working on several other features like real-time captioning, low-light mode, hand-raising, and a tile view of up to 49 meeting participants that would make Meet more competitive against rival videoconferencing platforms like Zoom and Microsoft Teams, reports The Verge. The company did not disclosed details about when the changes would be available. However, Meet is already previewing some of the upcoming features for its education and enterprise customers. Meet recently received AI noise cancellation feature update to help attendees reduce the background noise significantly. The feature was originally announced in April with a couple of other feat...
Microsoft Changes Working Strategy, Closing Physical Stores, Focuses on Online Service
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Microsoft Changes Working Strategy, Closing Physical Stores, Focuses on Online Service

REDMOND, Wash., June 26, 2020 -- Microsoft announced a strategic change in its retail operations, including closing Microsoft Store physical locations. The company's retail team members will continue to serve customers from Microsoft corporate facilities and remotely providing sales, training, and support. Microsoft will continue to invest in its digital storefronts on Microsoft.com, and stores in Xbox and Windows, reaching more than 1.2 billion people every month in 190 markets. The company will also reimagine spaces that serve all customers, including operating Microsoft Experience Centers in London, NYC, Sydney, and Redmond campus locations. The closing of Microsoft Store physical locations will result in a pre-tax charge of approximately $450M, or $0.05 per share, to be record...
Brazil suspends Whatsapp Payment Service
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Brazil suspends Whatsapp Payment Service

Brazil's central bank ordered Visa and Mastercard to suspend a joint project with WhatsApp to roll out digital payments within the popular messaging service, over fears it would be anti-competitive. Brazil, which has the second-most WhatsApp users worldwide after India, was the pilot country for the platform's new integrated payments feature, which it launched on June 15 with an eye to rolling it out worldwide. But the central bank, which regulates payment systems in Brazil, put the new feature on hold indefinitely. "The reason for the central bank's decision is to preserve an adequate competitive environment, ensuring an interoperable, fast, secure, transparent, open and economical payment system," it said in a statement. WhatsApp, which is owned by Facebook, is the most popu...
Facebook Launched WhatsApp Payment Service in Brazil
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Facebook Launched WhatsApp Payment Service in Brazil

SAO PAULO, 15th June 2020 -- Facebook launched its WhatsApp payment service in Brazil today. With the addition of Visa’s trusted payment technology, WhatsApp users will now be able to swiftly and securely send and receive money to family and friends, and to make purchases from small businesses on the popular global messaging service. Payments on WhatsApp will allow users to send money to individuals or local businesses within a chat, attaching payment as they would a photo or video. WhatsApp tested the payment system in India beginning in 2018. The Brazil launch will be the first nationwide rollout and will introduce the ability to directly pay a business. The company has over 120 million individual users in Brazil, its second-largest market behind India. “WhatsApp is heav...
Facebook fires employee who tweeted over coworker not supporting Protest
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Facebook fires employee who tweeted over coworker not supporting Protest

San Francisco, June 13, 2020: A Facebook employee lost his job after he tweeted about his co-worker not cooperating with him for the silent Black Lives Matter protest within the company. Brandon Dail, who worked as an engineer at Facebook, tweeted that he lost his job after he asked another co-worker to add a Black Lives Matter banner on an open source website developed by Facebook. "In the interest of transparency, I was let go for calling out an employee's inaction here on Twitter. I stand by what I said. They didn't give me the chance to quit," Dail tweeted, He mentioned the employee by name, saying that "intentionally not making a statement is already political". Facebook confirmed to CNET that that "Dail's characterization of his firing was accurate" but didn't provide fu...
Mark Zuckerberg promises a review of facebook content policies
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Mark Zuckerberg promises a review of facebook content policies

Facebook founder & CEO Mark Zuckerberg promised to review the content policies of the social media platform that led to its decision to not moderate a post by President Trump. The announcement, which came in the form of a letter to employees, appeared aimed at quelling anger inside the company that was so severe it prompted 5,500 employees to complain and third to resign. The outrage was sparked when Zuckerberg said Facebook would not remove or flag Trump's recent posts that appeared to encourage violence against those protesting police racism. “I know many of you think we should have labelled the President's posts in some way last week,” Zuckerberg wrote. “We're going to review our policies allowing discussion and threats of state use of force to see if there are any amen...
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SoftBank launches $100 mln fund investing in ‘people of colour’

TOKYO (Reuters) - SoftBank Group Corp is launching a $100 million fund to invest in “companies led by founders and entrepreneurs of colour”, in the latest corporate action as protests roil the United States. Described as SoftBank’s bid to improve diversity, “we have to put money behind it, set plans, and hold ourselves accountable,” SoftBank’s Chief Operating Officer Marcelo Claure, who will head the fund, wrote in a letter to employees on Wednesday. Named the “Opportunity Growth Fund” and focused on African Americans and Latinos in the U.S. it is, SoftBank says, the largest fund of its kind. It will invest in entrepreneurs “from communities that face systemic disadvantages in building and scaling their businesses,” Claure wrote. SoftBank also runs the $100 billion Vision Fund...
Facebook employees criticize Mark Zuckerberg for being Neutral over Protest
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Facebook employees criticize Mark Zuckerberg for being Neutral over Protest

New York, Jun 2, 2020: Some Facebook employees criticize Facebook founder & CEO Mark Zuckerberg's inaction over President Donald Trump post that suggested protesters in Minneapolis could be shot. While arch-rival of Facebook, Twitter took the stand and placed a warning on President's tweet about the protests “when the looting starts the shooting starts,” while Facebook founder Zuckerberg took the neutral stand and leave it to US authorities. “I know many people are upset that we've left the President's posts up, but our position is that we should enable as much expression as possible unless it will cause an imminent risk of specific harms or dangers spelled out in clear policies,” Zuckerberg wrote. The tweets of President Trump evoked the civil-rights era by borrowing a phras...