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Google CEO, Sundar Pichai, told about the plans of the corporation to invest in housing construction in the San Francisco Bay Area over the next decade Bay area. According to him, $750 million will be allocated for the construction of about 15,000 homes for Americans with different income levels. Funds planned for the maintenance of office and commercial premises will be reduced. The company also intends to create an investment fund to support developers in the construction of about 5 thousand units of affordable housing. 250 million dollars will be allocated for this purpose. Non-profit organizations will receive grants in the amount of $50 million from the company to address the problems of homelessness and population displacement. In the San Francisco Bay Area, housing has risen in price recently against the backdrop of a growing number of high-income Silicon Valley technology companies.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
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