French privacy watchdog slaps $163 million fine on Google, Amazon : Bulletin: Business Today
Business Today

French privacy watchdog slaps $163 million fine on Google, Amazon

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Rashi Bisaria | December 11, 2020

Walmart to triple annual exports from India to $10 billion by 2027

Endorsing India's rise as a global hub of manufacturing, US-based retail major Walmart on Thursday said it will triple its exports of Indian goods every year to $10 billion by 2027. The new export commitment is expected to provide a significant boost to micro, small and medium-sized enterprises (MSMEs) in India, alongside ongoing efforts such as the Flipkart Samarth and Walmart Vriddhi supplier development programs, Walmart said.

COVID-19 crisis: US medical experts recommend approval of Pfizer-BioNTech's vaccine

A US government advisory panel has recommended emergency approval for the Pfizer-BioNTech coronavirus vaccine, underlining that the shot's potential benefits outweigh its risks. After an eight-hour public hearing on Thursday, the Food and Drug Administration's (FDA) Vaccines and Related Biological Products Advisory Committee (VRBPAC) voted 17 to 4 with 1 abstention to recommend the vaccine developed by Pfizer and its German partner BioNTech.

French privacy watchdog slaps $163 million fine on Google, Amazon

France's data privacy watchdog said Thursday it has fined Google 100 millions euros (USD 121 million) and Amazon 35 million euros (USD 42 million) for breaching the country's rules on advertising cookies. The CNIL said in a statement that the French websites of both companies did not request prior consent from internet users about trackers, or cookies, that were automatically saved on computers for advertising purposes.

Air India disinvestment: Centre to intimate qualified bidders on Jan 5

The government on Thursday said it will intimate qualified interested bidders (QIBs) of Air India on January 5 next year, instead of the earlier decided date of December 29, 2020. While the government has not extended the deadline for EoIs (Expressions of Interest) for the national carrier, the interested entities are required to submit the physical bids within 15 days from December 14, the last date for submitting EoIs.

Elon Musk says MBAs are polluting companies' abilities to think

Elon Musk is not known as a man to keep his opinions to himself. Recently, Musk said that MBAs are polluting companies' ability to think creatively and give customers what they really want. Speaking at the The Wall Street Journal's CEO Council annual summit, held virtually, Musk encouraged executives to step away from their spreadsheets and get out of the boardroom and onto the factory floor.

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