U.S. telecom firms T-Mobile, Sprint complete $23billion merger

T-Mobile US Inc said on Wednesday it officially completed the $23 billion merger with Sprint Corp, solidifying its position as the No.3 wireless providers in the United States. The deal comes after a long legal battle between multiple state attorneys general which argued that a merger between T-Mobile and Sprint would be anticompetitive. The combined… Read More U.S. telecom firms T-Mobile, Sprint complete $23billion merger

Alphabet Inc to donate over $800million to aid fight against coronavirus

Alphabet Inc will donate more than $800 million in funds towards producing medical supplies used to fight COVID-19, and in ad credits to government and health organizations and businesses, Chief Executive Officer Sundar Pichai said on Friday. The company is working with Magid Glove and Safety to produce 2 million to 3 million face masks,… Read More Alphabet Inc to donate over $800million to aid fight against coronavirus

Huawei launches P40 series smartphones online

China’s Huawei Technologies unveiled its new flagship photography-focused P40 smartphones on Wednesday in an online presentation after the coronavirus scuppered the event it had planned. Richard Yu, chief executive of Huawei’s Consumer Business Group, showed three smartphones in an online broadcast: the P40, P40 Pro and P40 Pro+, which have triple, quad and penta-camera configurations… Read More Huawei launches P40 series smartphones online

U.S. Senate passes bill to aid unemployed workers, industries amid coronavirus crisis

The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment. After bitter negotiations, the deeply divided Senate came together and passed the bill by a 96-0 vote, which sent… Read More U.S. Senate passes bill to aid unemployed workers, industries amid coronavirus crisis

U.S. government proposes free $1000 for American adults in bid to avert recession

U.S. President Donald Trump and Treasury Secretary Steven Mnuchin on Tuesday proposed mailing out checks of up to $1,000 to American adults to quickly pump hundreds of billions of dollars into the U.S. economy at a time when airlines are slashing flights and officials are shuttering restaurants, sports arenas and other public venues. Though details… Read More U.S. government proposes free $1000 for American adults in bid to avert recession

Fox set to acquire streaming firm Tubi in $440million cash deal

Fox Corp said on Tuesday it would acquire video streaming firm Tubi for about $440 million in cash and will fund the deal with the net proceeds from the sale of its stake in Roku Inc. Tubi users spend over 160 million hours a month watching content on the free, ad-supported platform, the company said.… Read More Fox set to acquire streaming firm Tubi in $440million cash deal

U.S. imposes fresh sanctions on Iran, calls for release of detained Americans

The United States imposed fresh sanctions on Iran on Tuesday, keeping up its economic pressure campaign even as it offered to help Tehran cope with the coronavirus pandemic and called on the Islamic Republic to release detained Americans. Iran is considering freeing some U.S. citizens, Secretary of State Mike Pompeo said at a news conference… Read More U.S. imposes fresh sanctions on Iran, calls for release of detained Americans

U.S. President Donald Trump signs law to bar rural carriers from buying Huawei network equipment

U.S. President Donald Trump signed legislation on Thursday to bars the use of U.S. subsidies by carriers to purchase network equipment from Huawei Technologies and other companies deemed a national security threat. The law also requires the Federal Communications Commission (FCC) to establish a program to assist small providers with the costs of removing prohibited… Read More U.S. President Donald Trump signs law to bar rural carriers from buying Huawei network equipment