ByteDance, the owner of TikTok, reportedly has ambitions to develop and include a short video streaming platform into its Resso music streaming business. In order to compete with international streaming services like Spotify, the Chinese business ByteDance, which owns the TikTok platform, has started discussions with major record labels about establishing its own music streaming service, Resso,...

Bittrex, a cryptocurrency exchange, has been fined by the Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department for violating the sanctions imposed on Russia, Iran, Sudan, and Syria. Between March 2014 and December 2017, Bittrex failed to halt virtual currency transactions for customers in the Crimea, Cuba, Iran, Sudan, and Syria, according to OFAC. These moves are accessed to...

The main Polish gasoline and energy corporations, PGNiG and Orlen, received shareholder approval for the merger, according to the TVN news station. "PGNiG shareholders voted on Monday in support of the company's merger with Orlen," the message reads. In late September, Orlen shareholders approved the merger with PGNiG. 4,959,494,443 PGNiG shareholders voted in favor of the merger with Orlen,...

San Francisco jury found Joe Sullivan, the former head of security at Uber, guilty of hindering investigations and hiding a crime against his business that was committed by third parties. In question are Uber's 2016 cyber attack and the U.S. Federal Trade Commission's subsequent investigation of the event. Attorneys for Mr. Sullivan claim that when an unidentified hacker approached them and...

On Monday, October 3, Vodafone Group revealed that it has started discussing a possible merger with Three UK, a nearby rival. The fourth-largest cellular provider in the United Kingdom is Three UK (9.3 million customers). CK Hutchison Holdings, a Hong Kong multinational, owns the business. In the case of a merger, Vodafone would hold 51% of the new company's share capital, while CK Hutchinson...

A year ago, the number of American tech billionaires was on the rise, stock prices were setting all kinds of records, and venture capital funds were investing heavily in startups. This year, tech giants are losing money. Stock prices have dropped, inflation has increased, and the 400 wealthiest Americans according to Forbes have lost $500 billion in value over the past year. The wealthiest tech...

According to Reuters, which cited a spokesperson for the French trade union General Confederation of Labor, the 119,000 bpd Feyzin refinery in the south of France controlled by the French energy corporation TotalEnergies is expected to be shut down until at least mid-October. The 119,000 bpd Feyzin oil refinery, owned by TotalEnergies, is expected to be shut down until at least mid-October,...

In response to issues with automatically closing windows, American electric vehicle manufacturer Tesla will recall 1.096 million vehicles built between 2017 and 2022, according to a statement from the U.S. National Highway Traffic Safety Administration (NHTSA). A select group of Model 3, Model Y, Model S, and Model X vehicles manufactured from 2017 to 2022 are subject to a recall. In the press...

Net profit for Inditex Group increased to €2.4 billion in the first half of the fiscal year. In the first half of the fiscal year (February 1 - July 31), the net profit of the Spanish Inditex Group, one of the largest clothing and footwear retailers in the world, increased by 44% to €2.431 billion. In the reporting period, the company's revenues increased by 24 percent to €14.845 billion. In...