With the automotive industry witnessing a shift towards greener, eco-friendly forms of mobility, the European Union must develop and ramp up the strategic production of battery cells productions to stay relevant and ahead of the competition, opined Merkel. On Tuesday, German Chancellor Angela Merkel said, it is “extremely important” that the European Union develops its…
The blind bidding for Sky has been almost won by US cable giant Comcast after it submitted the highest bid in the auction which valued Sky at over more than £30bn. Rupert Murdoch’s Fox could not match up in the blind auction process which is a rare auction process that is conducted by UK’s Takeover…
According to a recent announcement by Japan’s space agency, Japan’s space probe Hayabusa2 which is hovering close to the asteroid Ryugu in space, has successfully launched two small robotic rovers that have also successfully landed on the asteroid. Pictures of the asteroid, which is about 300 million km away from Earth, have been taken by…
Given its wide ranging potential, Washington wants to develop and leverage the power of quantum computing which is currently in its infancy. On Monday, in efforts aimed at boosting efforts at quantum computing, the White House is set to hold a meeting with academic experts, U.S. government officials, and leading tech companies including Alphabet Inc,…
Following an investigation Singapore’s antitrust watchdog concluded that Grab’s purchase of Uber’s Southeast Asian business has harmed consumers in Singapore. It has suggested remedial measures. Following Uber Technologies Inc’s sale of its Southeast Asian business to its regional rival Grab in March 2018, Singapore’s anti-trust watchdog has levied a combined fine of $9.5 million on…
There would be two distinct internets in the world within the next decade – one that would be led by the United States and the other by China, predicted Eric Schmidt, the former CEO of Google and executive chairman of its parent company, Alphabet. In reply to a question by economist Tyler Cowen at a private…
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…
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