Walmart Inc the largest retailer by far in the United States as well as in the world, has issued a warning that id the Trump administration imposes a tariff on Chinese imports, then it will be forced to increase the prices of its products, according to news reports published in the media. The news reports…
The €200bn money laundering scandal that hit Denmark’s largest bank – Danske bank, has been described as the “the biggest scandal” in Europe by the European Commission. An explanation from ministers from Denmark and Estonia would be sought by the European commissioner for justice about how the Danske Bank executives and regulators did were not…
Given the similarities of Marketo’s business with Adobe’s cloud-based business, the cost synergies in the deal hit a sweet spot. Adobe Systems has agreed to acquire Marketo Inc from Vista Equity Partners Management, a private equity firm, for $4.75 billion. The acquisition will boost its cloud-based digital marketing business. Adobe is sharpening its focus on…
Samsung sees the DRAM memory market rising by 20% in 2018, while the NAND Flash memory market by 30%, down from its earlier forecast of 40%. According to a report from Bloomberg which cites 3 sources familiar with the matter at hand, Samsung Electronics Co Ltd plans to lower its production of memory chips in…
NHTSA’s rating system includes information regarding the soundness of a vehicle’s rollover safety features as well as crash protection mechanism built into the vehicle. In a significant development, U.S. auto safety agency NHTSA has awarded Tesla Inc’s Model 3 a five-star rating in tests that are standard for all cars in the United States. With…
Tilray Inc. investors is a Canadian maker of medicinal cannabis extracts saw a huge rise in its shares throughout this year. On Wednesday, the shares of the firm rose by 38% while the peak increase during the day was 94%. The shares came to rest finally at $300. The huge increase in the share price…
About $60 million worth of crypto currency (6.7 billion yen) has been stolen once against from another Japan based crypto currency exchange after it was hacked. The exchange lost 5,966 bitcoins was among the hacked crypto currencies. The Tech Bureau operates the exchange which is called the Zaif. The exchange said in a statement on…
A court in China has issued a life sentence to the founder of a tech startup and his brother on charges of “fundraising fraud” according to reports published in the local media in the country. Ding Ning, founder of Chinese online peer-to-peer lender Ezubao and his younger brother, Ding Dian, were served the sentence this…
The issue of fake news is important to Singapore given the fact that it is a global financial hub, widespread proliferation of internet, its demographic mix of religious and ethnic populations and that it is scheduled to old elections by early 2021. Ever since it got independence from Britain 50 years ago, Singapore has been…
The move is likely to impact the revenues of brick-and-mortar supermarket stores. Bloomberg has reported citing 3 sources familiar with the matter at hand as saying, Amazon.com Inc is mulling a plan to open as many as three thousand Amazon Go cashierless stores in the country in the coming years. With the news reaching the…
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