US indicates scrutiny of big IT companies including Google, Amazon, Apple and Facebook

US indicates scrutiny of big IT companies including Google, Amazon, Apple and Facebook

Washington: The US Congress and administration hints that big Information Technology (IT) companies would be undergoing scrutiny. The list of companies includes Google, Amazon, Apple and Facebook. The US Congress has said that these companies are allegedly using their financial muscle to create a monopolistic situation in the marketplace, which is detrimental to the democratic […]

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US companies continue to dominate the global arms trade – Report by European think tank ‘SIPRI’

US companies continue to dominate the global arms trade – Report by European think tank ‘SIPRI’

Stockholm: On the background of the ongoing war between Russia and Ukraine, the demand for arms at the international level seems to be increasing continuously. In 2022, 100 big companies in the defence sector have sold arms worth about $ 600 billion. US companies continue to dominate this business, and 42 US companies have earned […]

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Western companies reap huge profits worth $200bn in defence sector due to Russia-Ukraine conflict – US website claims

Western companies reap huge profits worth $200bn in defence sector due to Russia-Ukraine conflict – US website claims

Washington: Western defence companies have made the biggest gains from the Russia-Ukraine conflict, claims a US website. A website named ‘Defense News’ made public the list of the top 100 highest-earning companies in the defence sector in 2022. Over 50 US companies are included in these, and the information has come to the fore about […]

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Amazon, Adidas, and Marriott, among 40 multinational companies to hire thousands of European refugees

Amazon, Adidas, and Marriott, among 40 multinational companies to hire thousands of European refugees

London/ Brussels – As the number of illegal asylum seekers entering Europe grows, top multinational companies are opening their doors to refugees. More than 40 companies like Amazon, Adidas, Marriott, and PepsiCo have decided to give jobs to thousands of refugees in Europe. Volunteer groups in Europe and the United Nations have welcomed it. In […]

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Bankruptcy of the US bank indicates a bigger crisis for technology companies – experts and analysts warn

Bankruptcy of the US bank indicates a bigger crisis for technology companies – experts and analysts warn

Washington – Silicon Valley Bank’s (SVB) announcement of bankruptcy in the US is the second-largest insolvency case of the bank since 2008. This has caused serious repercussions around the world. Silicon Valley Bank was the leading and the biggest lender to technology startups in various countries, including the US and UK. Israeli Prime Minister Benjamin […]

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US Biden administration blacklists 37 Chinese companies – US targeting wrongly, slams China

US Biden administration blacklists 37 Chinese companies – US targeting wrongly, slams China

Washington/ Beijing: US Biden administration has blacklisted 37 Chinese companies. It includes companies in genetic technology, cloud computing and arms manufacturing. There was a strong reaction from China to this US action. China’s foreign ministry accused the US administration of wrongly targeting Chinese companies. Moreover, the United States and Western countries had warned of serious […]

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Western oil companies profited by $200 billion given Russia-Ukraine conflict

Western oil companies profited by $200 billion given Russia-Ukraine conflict

London: Due to the Russia-Ukraine conflict, the people in the United States and Europe have faced a big crisis of fuel price hikes. Western countries have taken action against sanctions, holding Russia fully responsible for this. However, the major fuel companies in the United States and Europe have benefited the most from the increased fuel […]

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US imposes sanctions on six Pakistani companies for posing security threat

US imposes sanctions on six Pakistani companies for posing security threat

Washington: Six companies in Pakistan have been doing very dangerous business in the nuclear and missile manufacturing sector. The United States imposed sanctions on these Pakistani companies, alleging that in the days to come, these Pakistani companies could also put US security at risk. The US has constantly warned that terrorists could take over Pakistan’s […]

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