Apple is making major efforts to become the top music streaming service provider, a seat currently occupied by Spotify. According to American news agency Axios which has cited a source, Apple Inc has acquired music analytics start-up Asaii for less than $100 million. The acquisition will help Apple strengthen its bid to recommend content to…
There are several ways of being French. The “Made in France” is not about mass depersonalized production. Rather, it is about subtle elegance, distinctive design and quality, for which French brands are known all over the world. One can retain the French standards even when it comes to such little-known and somehow secretive industry as…
A recent survey conducted on more than 1,000 Americans on the issue of cryptocurrencies has shown that bitcoins are majorly owned by large city based young men who are relatively well-off. The survey also found knowledge of bitcoin and cryptocurrencies exist among most people and are also able to explain their meaning to others. But…
Serious objections from some of the largest investors have forced Unilever to cancel its announced plan to shift the headquarters of the company from the United Kingdom. The planned change “has not received support from a significant group of shareholders”, said the consumer goods multinational on Friday. The company had announced in March last this…
Top global auto manufacturers are having a tough time with falling sales in the largest auto market of the world – China, which has in recent years become a pillar of growth and revenues of top international auto brands. The fast economic growth in China has financially empowered millions of Chinese to purchase cars which…
Johnson & Johnson has won a major litigation that threatened to strike a major blow to one of its most popular products. A jury of a first trial court in New Jersey was managed ot be persuaded by the company that its iconic baby powder did not contain cancer-causing asbestos as had been alleged by…
According to an announcement by the UK government, firms there might now have to furnish data on the pay gap in their firms on the basis of ethnicity. The government has initiated a consultation process aimed to get opinions from employers about how to include ethnicity passed pay in their reporting. The government noted that…
The cryptocurrency market got a hard bolt as more than $6 billion of investors were wiped off in a single day. The rout was led by XRP and ethereum even as the market continued to fall. According to data from Coinmarketcap.com, as of about 11:32 a.m. HK/SIN time on Friday, there was a drop of…
Even through Facebook claims that the social media platform has been hijacked by bad actors and that it is taking measures to mitigate the threat, the investors are not taking those assurances at face value. Compared to the high that it had hit in July, Thursday’s stock price of the company was 30 per cent…
Apple is set to augment its team of computer chip engineers by 300 through a deal it struck with one of its key chip suppliers. The deal with Dialog Semiconductor is worth $300m and it also encompasses some patents and facilities of the Reading-based company. Dialog has been a supplier of chips to Apple for…
Oil major ExxonMobil has come out in financial support of climate change in a very surprising and unconventional move. There have been accusations levelled against Exxon for quite many years of the oil major of being insensitive to climate change. The company announced a donation of $1 million – to be paid over two years,…
Gillette will have a respite from the import tariffs imposed on steel by the Trump administration. The parent company of the shaving brand Procter & Gamble gas said that the brand would get a waiver from the 25 per cent import duty on steel that was imposed by United States President Donald Trump earlier this…
