Facebook is exploring ways to tap blockchain technology across apps on its platform. In one of the biggest management shakeups in the history of Facebook Inc, its CEO Mark Zuckerberg ordered one of its biggest management overhauls and handed over more responsibility to its chief product officer. Facebook also announced the launch of a blockchain…
Tim Stones had played a key role in integrating Amazon.com’s market shaping acquisition of Whole Foods. Snap Inc, Snapchat’s parent, has disclosed, Tim Stone, the Amazon.com veteran who had led the integration of Amazon.com’s $13.7-billion acquisition with Whole Foods, will replace Andrew Vollero as its chief financial officer (CFO). Stone, 51, is currently vice-president of…
The update to the U.S. Congress by the credit monitoring firm sees hackers gaining access to 38,000 driver licenses and 3,200 passport details on top of the millions of private information harvested by them in the September 2017 cyber attack. Continuing its disclosures stemming from the cyber security incident which saw hackers gain access to…
The most cited source on Wikipedia is decade ago academic paper that was written by three Australians and is related to global climate zones. It has bene cited and referenced over 2.8m times. But it was not until recently that the wider impact of their paper was known at all to the three authors of…
UK’s data protection watchdog has ordered handing over of all information that Cambridge Analytica has about the US citizen David Carroll. A demand to know the information that the analytic firm has on the U.S. citizen was put forward by Prof Carroll in a legal action which is the source of the data demand. Cambridge…
The deal will see America Tower Corporation rise to the top 5 players in the African continent, with Kenya alone having 41 million mobile subscribers. The deal appears to be long term cost synergies. On Monday, America Tower Corporation stated it will acquire Telkom Kenya’s transmission towers business for an undisclosed amount. The deal, expected…
Although Cognizant reported a revenue rise of 10%, its net income for the first quarter fell to $520 million compared to $557 million from a year ago. On Monday, Cognizant Technology Solutions Corp, an IT services company, stated, its revenues have risen by 10% stemming from higher spending by clients in the healthcare and financial…
Egypt has been identified as the world’s third fastest growing economy – trailing only India and Uganda, by a recent Harvard report. The annual economic growth of Egypt is expected to reach 6.63 percent by 2026 according to the Global Growth Projections report unveiled by the Center for International Development (CID) at Harvard University. Uganda…
Following the rejection of a new pay deal by the French staff at Air France-KLM, its chief Jean-Marc Janaillac has announced his resignation form the strike-hit airline. “I accept the consequences of this vote and will tender my resignation to the boards of Air France and Air France-KLM in coming days,” he said. A new…
Warnings about the “nightmare” related to the changes in the new accounting rules have been issued earlier by Warren Buffett. And now it’s beginning. In the first quarter a $1.14 billion loss at Buffett’s Berkshire Hathaway Inc. was reported by the Omaha, Nebraska-based company mainly because of the rules the mandate reporting of unrealized gains…
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