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Tech stocks slide after United States blacklist the company Huawei along with 70 affiliates

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Tech stocks slide after United States blacklist the company Huawei along with 70 affiliates

The United States has been trying hard for a long time for all their western allies to stop using equipment which is made by Huawei. Washington tries its level best to make it hard for all the Chinese telecom titan to grow its business in the States. The United States Department of Commerce has also announced that they will be adding 70 more affiliates along with Huawei and they will be calling them the Entity List. This will encourage other businesses to buy equipment from companies which are set in the United States.

Huawei is one of the biggest telecom equipment makers of the global market, but they rely highly on American suppliers. These new laws from the United States will end up making things much harder for the company. All the dramatic moves were made effective for Huawei and all of its affiliates. The shares of Tatfook Technology which generally sell to Bosch and Ericsson dropped by almost 2.84 percent. Huawei also saw a dip of 4.88 percent. There was also a key partner of Chunxing Precision Mechanical also had a dip of 5.37 percent.

There was absolutely no comment from Huawei directly after the release of the blacklist from the United States. Huawei also said:

“Restricting Huawei from doing business in the U.S. will not make the U.S. more secure or stronger; instead, this will only serve to limit the U.S. to inferior yet more expensive alternatives, leaving the U.S. lagging behind in 5G deployment, and eventually harming the interests of U.S. companies and consumers”

This is some of the hardest criticism that has been received by Washington. The 5G advancement in the world market will definitely affect because of Huawei. The Chinese company also said that it was unreasonable restrictions will infringe upon Huawei’s right and raise other serious legal issues

The President of United States Donald Trump declared a national emergency along with releasing the blacklisted list. He declared a national emergency over technology supply chain threats from the country’s foreign adversaries. The Department of Commerce also said:

 “Huawei is engaged in activities that are contrary to U.S. national security or foreign policy interest.”

The allies of the United States are all investigating the possibility of Huawei becoming a security threat on how close they should keep with Huawei. The company has also released a statement where they already took a bold step so that they can reassure their clients.

Huawei told the reporters that:

 “Willing to sign no-spy agreements with governments, including the U.K. government, meet the no-spy, no-backdoors standard.”

Huawei’s CFO Meng Wanzhou is also been arrested now because of breaching the United States sanctions in Iran.

Source

Joseph is a CEO at GadgetFreeks. He manages the entire news site. He is basically VP of Engineering at Brandwatch. Apart from tech, he likes to write about anything with interest him.

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JustDial (JustDial.com) seems to be De-Indexed by Google – India’s leading local classifieds website

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JustDial (JustDial.com) seems to be De-Indexed by Google

Update: It’s back. So is this a Bug? Or Penalty? Only Google knows.

Why does Justdial vanished from Google index?

Have heard about JustDial? Yeah, it’s 20th June and India’s leading directory portal has vanished from the google.

Yeah, there will be rarely a person in India with a smartphone who don’t know about justdial as they used to come handy for any kind of help regarding finding suitable solutions.

Well, this news was first discovered by suumit shah. He is one among India’s leading SEO analysts. At the time of the evening, 5-6 results were still available on Google when we use site:url.com dork. But now, there’s no single result available for justdial.

JustDial (JustDial.com) seems to be De-Indexed by Google

JustDial is one of the biggest Directory sites in India. It serves more than 75 million hits monthly according to the similar web.

Justdial Similar Web Traffic

During last month, Google announced that their indexing systems have some issues but later on they’ve confirmed that issue has been resolved. Still, it happened with just dial, so, most probably there must be some mistakes detected from an SEO point of view by google.

However, the real cause behind issue has not yet been disclosed by any of the party, yeah, neither by Google nor by just dial.

So, the main reason will be really interesting and SEO crowd is still waiting for it.

We’re already in touch with just dials team and they’ve not yet found the cause. So, we’ll update you regarding the same as soon as we’ll get some strong update by either of the parties.

However, the SEO crowd and analysts are saying that there is no visible issue found in justdial from its technical SEO point of view. So, predictions and assumptions are saying that there must still be some issues in Google indexing. Though that issue had not deleted an entire site from the index and it had taken time to remove indexed pages, so this time too it could be something interesting.

Have you remembered this kind of issues had already happened on YouTube in the past. Yeah, something could be like that in this case as well. But saying anything with security isn’t possible at the moment.

Moreover, Justdial application is still available on Google play store. So, let’s hope that our big brand has not done anything wrong.

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$79 Million Raised By PayFit For Its Payroll service

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$79 Million Raised By PayFit For Its Payroll service

PayFit is a French start-up that currently raised $79 million in funding from Bpifrance and Euranzeo. The company started out by providing payroll services to both small and medium-sized companies in France. But the company has soon emerged as a complete HR solution provider for many European countries.

In order to make things easy for small companies, PayFit makes use of a software-as-a-service approach. This help companies to easily handle HR information and payroll from a browser. Not just that, but everything stays updated and in alignment with the labor regulation as well.

PayFit has been designed to generate pay slips once you enter employee data in it. Employees are sent an email once their pay slips are ready to be discharged. In case, an employee is going to get an increment, the amount can be modified by logging into your PayFit.

At times of paying payroll taxes, the system automatically reminds of you how much and at what time you have to pay them. Along with it you can also see reports about your employees and generate exports for your accountant.

The system is also designed to handle leaves, absences, shifts and expense reports. This is important as it affects your payroll directly.

You can also create an organizational chart in the system in order to approve vacation days and expense reports.

Making HR giants in the US is still easy. But when it comes to Europe, labor laws are much more complicated. Despite that, the start-up has managed to spread its services in Spain, France, Germany, and the UK. It is soon going to introduce itself to Italy as well.

The company also has its own programming language called the Jetlang which can transform labor code into computer code.

The company has 300 employees and around 3000 companies depend on it. With this fundraising, the company is planning to double its workforce by 2020.

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A German insurance app named Getsafe scores a $17M for series A

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A German insurance app named Getsafe scores a $17M for series A

Getsafe, the German protection startup focusing on recent millennials, which has raised $17 million (€15m) in a Series A financing.

The round is driven by Earlybird, with CommerzVentures and other existing financial specialists likewise taking an interest, while the capital will be utilized for European development. The organization intends to dispatch in the U.K. before the year’s over.

Established in May 2015 by Christian Wiens (CEO) and Marius Blaesing (CTO), Getsafe at first propelled as a computerized protection intermediary yet has since rotated to a direct to advanced purchaser protection offering of its own (its financier business was sold to Verivox).

The startup claims it is the market head in the advanced initial 20 to 35-year-old portion, with 60,000 clients, even though contenders, for example, Wefox’s One may oppose this idea.

Getsafe clients can take out leaseholder’s protection and obligation protection. The last incorporates bicycle and automaton inclusion, with extra items to be included soon.

More comprehensively Getsafe says it is “rehashing protection”. The insurtech startup, situated in Heidelberg, says its tech utilizes AI to enable clients to recognize the protection assurance they may require.

The organization says:

“With a couple of snaps, clients can find out about, purchase, and oversee protection on their cell phone.”

Cases should be possible completely carefully, as well, by means of the Getsafe application and chatbot.

As a feature of the speculation, Getsafe plans to develop its group from the present 50 representatives to more than 100.

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