Internet

As Klarna’s billionaire founder Sebastian Siemiatkowski prepares to stage one of the biggest-ever European fintech company listings, a feast of capitalism, he credits an unlikely backer for his runaway success: the Swedish welfare state. In particular, the 39-year-old pinpoints a late-1990s government policy to put a computer in every home. “Computers were inaccessible for low-income
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Chinese telecommunications giant Huawei Technologies reported its biggest ever revenue drop in the first half of 2021, after US sanctions drove it to sell a chunk of its once-dominant handset business and before new growth areas have fully matured. The company generated revenue of CNY 320.4 billion ($49.56 billion or roughly Rs. 3.69 lakh crores),
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Apple reportedly shared a memo internally acknowledging the “misunderstandings” around the new features aimed at protecting children. It also emphasised that these features are important for keeping children safe. The Cupertino tech giant recently announced it will implement a system that checks photos on iPhone devices in the United States before they are uploaded to
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India’s financial-crime agency has asked Walmart’s Flipkart and its founders to explain why they shouldn’t face a penalty of $1.35 billion (roughly Rs. 10,010 crores) for alleged violation of foreign investment laws, three sources and an agency official told Reuters. The Enforcement Directorate agency has been investigating e-commerce giants Flipkart and Amazon for years for
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