The French association France Digitale, which defends the interests of local technology start-ups and venture capitalists, has claimed that the US corporation Apple is violating EU legislation on the protection of user data. In a statement that was made available to Reuters, it said that while the latest version of iOS 14 asks users whether they are willing to allow apps installed on their mobile...

British-Dutch company Unilever has announced that it will no longer use the word "normal" to describe specific physical characteristics on cosmetic product packaging. According to the company’s statement, research has shown that "using the word 'normal' to describe hair or skin colour makes most people feel as though they are not taken into account. The same study found that most people felt...

Volvo Cars has unveiled its new business strategy for the next decade. The Swedish carmaker intends to switch to producing exclusively electric cars by 2030. In the coming years, the company intends to produce a new family of electric cars. They will be sold only online. Volvo will offer its customers electric cars in a certain configuration, which will then be delivered directly to the customer....

According to US TV channel NBC, US drugmaker Merck & Co will help Johnson & Johnson produce its COVID-19 vaccine. The "historic collaboration" between the two competitors in the interests of national security was announced by US President Joseph Biden. Sources within the presidential administration told the news channel that the partnership agreement between the pharmaceutical companies...

California-based autonomous drone maker Skydio has become a "unicorn" after investors have valued it at $1bn. The company produces $999-worth aircraft, which are eagerly purchased by police and the US Army. Developer and manufacturer of small autonomous drones Skydio has become a "unicorn", reported US Forbes. The startup raised $170m in a Series D funding round led by venture capital fund...

Citigroup has been forced to revise its 2020 financial results due to a lost court case about a "mistaken" transfer of $500 million to a number of funds that refused to return the money accidentally transferred to them. As a result, the US bank reduced its fourth-quarter revenue by $323 million, according to the bank's filing with the US Securities and Exchange Commission (SEC). The incident...

The US Civil Aviation Authority (FAA) has ordered Boeing to pay a fine of $6.6m. The US regulator accused the corporation of failing to meet its obligations under the 2015 safety agreement. The company has not yet commented on the fine. "Boeing has not fulfilled all its obligations under the settlement agreement and the FAA is holding Boeing accountable by imposing additional fines. I have...

US-based Estée Lauder will spend $1bn to increase its stake in cosmetics brand The Ordinary. The brand, focusing on simplicity and transparency in its products, has set an example for the industry and is popular with 'skintellectuals' - young people who take a scientific and conscious approach to self-care. American cosmetics company Estée Lauder has agreed to pay $1 billion to acquire a majority...

Adam Neumann, the former CEO of the co-working network WeWork, may receive $500m from the company's current owner, SoftBank. The parties want to settle and avoid a lawsuit over the company's shares. SoftBank needs it to take WeWork public, and Neumann needs it to avoid being left with nothing if the court sides with the Japanese company. WeWork co-founder and former CEO Adam Neumann is in talks...