Facebook takes $5.7 billion stake in Indian internet giant Jio

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Facebook takes $5.7 billion stake in Indian internet giant Jio

Facebook has made a huge bet on India by investing $5.7 billion into Jio Platforms, the tech subsidiary of multinational conglomerate Reliance Industries. Jio variously operates broadband, mobile services, and online commerce platforms, and Facebook’s …
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ForgeRock to launch hosted cloud in Australia after raising $93.5M

ForgeRock is set to launch its own locally-hosted cloud in Australia in a move that will enable partners to bypass data sovereignty issues when selling to customers. The identity management vendor’s private cloud will launch in the market later this year …
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Richard Branson fights to save travel, tourism empire

LONDON—Two months ago, Richard Branson launched the Scarlet Lady, the first cruise ship in a globe-spanning travel and tourism empire bearing his Virgin Group brand. Continue Reading Below. Today, the cruise ship business is on hold. One of his …
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Australian retail sales surge in March, might avert first-quarter GDP contraction

SYDNEY (Reuters) – Australian retail sales surged by the most on record in March as a lockdown for the coronavirus spurred panic buying of food and other staples, perhaps saving the entire economy from a damaging contraction in the first quarter.
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DoorDash's Virtual Backdrops Help You Feel Like You Are In A Restaurant

DoorDash wants to help consumers feel like they are eating in a restaurant despite them not being able to go out during the coronavirus outbreak. The company is offering virtual backgrounds from popular eateries that can be uploaded to video platforms to …
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