Spark is being seen as a cross between Pinterest and Instagram with a bent for e-commerce. In a significant development, Amazon.com has forayed into the social media with the launch of Spark, a platform currently available only to Prime members, wherein they can upload photos and videos much like other popular social media platforms, including…
This is significant since GE is aiming to develop next generation thermal power technology and control systems. As per a statement from the Pentagon, General Electric Co has been awarded a defense contract worth up to $409 million. The contract is for developing next-generation thermal power plants and control systems, as part of a government…
Last week’s talks between Trans-Pacific Partnership states demonstrated members’ commitment to inking the wide-spanning free trade agreement even though the meeting failed to produce any major breakthroughs. TPP signatories face a daunting task in finalizing a new framework by November – the agreed upon deadline, after President Donald Trump’s administration withdrew the U.S. from the deal. But experts said…
A group of four companies that assemble the iPhone and other products on behalf of Apple Inc have filed a fresh set of antitrust allegations against the iPhone chip supplier Qualcomm Inc. Qualcomm violated two sections of the Sherman Act, a U.S. antitrust law, alleged Foxconn parent Hon Hai Precision Industry Co, Wistron Corp, Compal…
While there are some sticking points are still being hashed out, the chances of a deal between the two Indian e-commerce rivals – Flipkart and Snapdeal, have improved after the Indian e-commerce firm Flipkart’s sweetened its takeover offer of up to $950 million for Snapdeal, reported the media quoting two sources familiar with the matter.…
A new survey clear shows that considering moving overseas, and with the U.S. remaining their favorite destination, half of Chinese millionaires are considering moving out of the country. According to a survey from Hurun Report in association with Visas Consulting Group, at least half of the people surveyed either plan to or are considering moving…
Britain is likely to see an increase in the number of Payment Service Providers in 2018. In a move designed to boost the growth of fintech companies, Britain’s central bank, the Bank of England has widened access to Britain’s interbank payments system to new fintech firms, an area that was previously dominated by the “Big…
The LSEG is collaborating with IBM to develop a platform based on an opensource version of bitcoin tech called Hyperledger Fabric. In a significant development for the development of bitcoin technology, the London Stock Exchange Group Plc is collaborating with IBM so as to build a blockchain-based platform for the purpose of issuing private shares…
While Barnier and Davies thrash out the larger issues, working groups on either side will focus on issues, including, recovering Britain’s budgetary dues to the EU, citizen’s rights, and other tidbits. On Monday, when Britain’s Brexit Secretary David Davis meets his EU counterpart Michel Barnier In Brussel, he will officially kickstart negotiations for Britain’s formal…
Estonia is taking steps to fend off potential hacking attacks as cyber-security fears intensify and it is the only country in the world where voters elect their leaders through online balloting. According to Tarvi Martens, the National Electoral Committee’s head of e-voting, a software overhaul for the system, introduced in 2005, is ready for testing before local elections…
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