Day: November 11, 2020

Armenian police arrest opposition leader, others over protest against Nagorno-Karabakh ceasefire deal

Armenian police arrested an opposition leader and several others who tried to stage a rally on Wednesday demanding Prime Minister Nikol Pashinyan resign over a ceasefire deal that ended fighting with Azerbaijan in Nagorno-Karabakh. The protesters briefly chanted “Nikol is a traitor!” before they were detained in the capital Yerevan, but others started gathering to… Read More Armenian police arrest opposition leader, others over protest against Nagorno-Karabakh ceasefire deal

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Hong Kong pro-democracy lawmakers to resign in protest against new rules

Hong Kong’s pro-democracy opposition lawmakers said on Wednesday they will resign in protest against the dismissal of four of their colleagues from the city assembly after Beijing gave local authorities new powers to further curb dissent. The Chinese parliament adopted a resolution earlier in the day allowing the city’s executive to expel legislators deemed to… Read More Hong Kong pro-democracy lawmakers to resign in protest against new rules

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TikTok to increase Irish employees to 1,100 in expansion venture

TikTok will increase its number of employees in Ireland to 1,100 by early 2021 from just 20 in January, the Chinese-owned video app said on Wednesday, a pace of expansion Ireland’s foreign investment agency said was one of the fastest on record. TikTok said its senior executive team for Europe, the Middle East and Africa… Read More TikTok to increase Irish employees to 1,100 in expansion venture

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ByteDance files petition to challenge TikTok divestiture order of U.S. President Donald Trump

ByteDance, the Chinese parent company of video-sharing app TikTok, filed a petition late on Tuesday with a U.S. Appeals Court challenging a Trump administration order set to take effect on Thursday requiring it to divest TikTok. President Donald Trump in an August 14 order directed ByteDance to divest the app within 90 days, which falls… Read More ByteDance files petition to challenge TikTok divestiture order of U.S. President Donald Trump

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VF Corp set to acquire streetwear company Supreme in $2.1billion deal

VF Corp said on Monday it would pay $2.1 billion to buy streetwear apparel company Supreme, adding another popular brand to the Vans shoe maker’s roster. VF Corp, which also houses brands such as The North Face and Timberland, said it would make an additional payment of up to $300 million, subject to satisfaction of… Read More VF Corp set to acquire streetwear company Supreme in $2.1billion deal

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Adobe set to purchase work management firm Workfront in $1.5billion deal

Photoshop maker Adobe Inc said on Monday it would buy Workfront, a work management platform for marketers, for $1.5 billion to help its customers collaborate better at a time when millions are forced to work from home. Workfront, which has more than 3,000 customers and one million users, helps companies manage content, plan and track… Read More Adobe set to purchase work management firm Workfront in $1.5billion deal

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Spotify set to acquire ad firm Megaphone in $235million deal

Sweden-based Spotify Technology SA has agreed to buy podcast advertising and publishing platform Megaphone, it said on Tuesday, the latest in a series of a deals to boost its podcast platform. The deal is worth $235 million, a Spotify spokesman said. The company will use Megaphone’s technology to create targeted ads, it said, and will… Read More Spotify set to acquire ad firm Megaphone in $235million deal

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China urges U.S. to stop bolstering ties with Taiwan

China urged the United States on Wednesday to stop boosting ties with Taiwan, after Washington and Taipei announced they would hold economic talks this month that Taiwan’s government described as a “major milestone” in relations. China considers democratically-ruled Taiwan its own territory with no right to formal ties with other countries, and has watched with… Read More China urges U.S. to stop bolstering ties with Taiwan

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