The projects it plans on funding will focus on building 5G solutions, smart manufacturing platforms and cloud computing services. On Monday, Foxconn, the world’s largest contract manufacturer of electronics, stated it plans on using the proceeds of one of its subsidiaries, which got listed in Shanghai, to fund 8 projects totaling to $4 billion (27.3…
There have been questions raised over the rules and regulations for import of meat into the U.K. from the U.S. following some new data that has revealed that about five-fold more antibiotic medicines is used in the U.S. in comparison to the U.K. in livestock that are raised for food there. With respect to the…
A number of scientists engaged at a top-secret Russian nuclear warhead facility were arrested on allegations that they were engaged in cryptocurrency mining by Russian security officers. According to media reports, one of Russia’s most powerful supercomputers was attempting to be used by the suspects for mining Bitcoins. The incident took place at the Federal…
The manner in which the U.S. has been ravaged by influenza this year is comparable to scenarios where there is appearance of the completely new strain of virus which impacts an entire vulnerable population even before such a population has managed to find out a way to create defenses against it. This latest health phenomenon…
Allegations against Uber that it had stolen trade secrets of the self-driving firm Waymo have bene settled. Stake worth approximately $245m (£177m) or 0.34 per cent in Uber is being given to Waymo under the agreement. Even though Uber had maintained it never made use of Waymo’s technologies, the agreement also saw Uber pledging never…
While there was a stalling of the overall growth of users due to a clampdown on fake accounts, the first quarterly profits in its 12-year history was reported by social media platform Twitter. A string of cost cutting measures at the San Francisco-based social network company resulted n the company reporting a net profit of…
Fraedom, a company that offers the technology of Software-as-a-Service and provides solutions for payments and transaction management for clients including financial institutions and other corporate customers would be acquired by Visa. The latter made announcement recently. Visa IntelliLink Spend Management which is a core platform that caters to the needs of Visa’s commercial and small-business…
Although Chinese military drones look suspiciously similar to U.S. and Israeli ones, drone makers are confident that customers will continue to prefer a reliable strike platform rather than a cheap unreliable ones. A predicted rise in demand for military drones from regions in Asia, the military drone market is gradually leaning towards Chinese drone makers…
Ant’s pre-IPO fundraiser, dependent on investor feedback, is aimed at gaining size as it looks to expand in its home base as well as abroad. As per sources familiar with the move, Ant Financial Services Group, a Chinese online payment firm, is planning on raising up to $5 billion in fresh equity. The move could…
The move marks the latest effort by companies in Japan to fight Amazon.com from gaining a foothold in the island nation. On Friday, Japanese business daily NHK reported, SoftBank Group Corp, Yahoo Japan Corp and Aeon Co Ltd plan on launching an online retail business. The online retail business will sells all kinds of products…
business-gurus.com 