In a deal that is expected to boost Cisco’s collaboration tools and help the company diversify its offerings away from switching and routing, on Monday, Cisco Systems Inc said that it will buy software company BroadSoft Inc for $1.71 billion. Shareholders of BroadSoft were given a premium of 2 percent to last Friday’s closing share…
Cementing China’s ruling Communist Party President Xi Jinping’s power ahead of a new top leadership line-up and placing him in the same company as the founder of modern China, Mao Zedong, the Communist Party enshrined his political thought into its constitution on Tuesday. Identifying them as one of its guiding principles at the end of its…
This development will help open up the banking sector in the Middle East, Asia, and Africa. Already Canadian and Indonesian firms have gained sharia-compliant certification for their banking products. The Islamic Research and Training Institute, the research arm of the Islamic Development Bank (IDB), said it plans on using blockchain technology to develop sharia-compliant banking…
Investors are increasingly looking to reap in the benefits of cutting edge industrialization with hi-tech software prowess such as machine learning and artificial intelligence. No wonder, European Companies, including Siemens and ABB, have become a favorite among investors. Investment funds who are looking to reap rich rewards at the intersection of European efficiency and technology…
If the deal goes through it will not only be Cisco’s second biggest acquisition this year but will also strengthen its foothold in the telecommunications market as well as diversify its offerings and services. As per a source familiar with the matter at hand, Cisco Systems Inc, the world’s biggest manufacturer of networking gear is…
It would appear that JPMorgan’s CEO, Jamie Dimon is wooing millennials with this tech savvy approach which not only brings in significant cost savings while enlarging the bank’s reach and tapping potential new clients where it does not have a brick-and-mortar presence. On Monday, in its first ever offering of online bank accounts, JPMorgan Chase…
Consumer Reports says the automaker may not understand what the magazine does after being bashed by Tesla for predicting the new Model 3 will have average reliability. “Tesla seems to misunderstand or is conflating some of what we fundamentally do — our Annual Reliability Survey report and the related predictions versus our car reviews and tests,”…
In a ballot which could strengthen the anti-migrant Northern League ahead of national elections early next year, voters in two regions of Italy’s wealthy north take part in referendums Sunday to demand more autonomy from the state. They have little in common with the recent Catalan independence vote in Spain which was marked by violent…
The latest bid by European regions too wrestle more power away from the establishment was marked as two of Italy’s wealthiest regions are poised to hold a referendum on greater autonomy Sunday. More control over their finances and administrations is being demanded and pushed for by Lombardy and Veneto, two northern regions home to about…
Human rights groups have severely denounced the appointment of Zimbabwe’s President Robert Mugabe as a goodwill ambassador of the World Health Organisation (WHO). At a high-level meeting on non-communicable diseases (NCDs) in Uruguay on Wednesday, WHO Director-General Tedros Adhanom Ghebreyesus announced the appointment of Mugabe. during his 37 years leading the country as either president…
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