News Corp, the Australian arm of Rupert Murdoch, has suggested the competition regulator of the country that it is essential to break up Google in order to create a level playing field for media companies that is being over powered by its “overwhelming” market power. In order to make it easier for digital publishers to…
A call for immediate measures for stopping resource extraction to save the world from depletion was given by the United Nations Environment Program (UNEP) on Tuesday. According to the UNEP, the depletion of resources across the world has tripled since the 1970s. Increases in the extraction of materials was identified as the factor that has…
Chinese telecom company ZTE Corp had been subject to U.S. sanctions. Its controlling state-owned controlling shareholder Zhongxingxin Telecom plan on selling as much as 2% of its shares once the stock has doubled its value. According to regulatory filing, the controlling stakeholders of China’s ZTE Corp’s plan to slash their stake, by as much as…
Uber has added half a dozen investment banks, including Bank of America Corp, Citigroup Inc, Barclays Plc, Deutsche Bank AG, Allen & Company, and JMP Securities, to its IPO underwriting lineup. According to sources familiar with the matter at hand, Uber Technologies Inc has hired a string of investment banks to its syndicate as its…
Boeing had been working on the software upgrade since Lion Air’s crash in October 2018. Following a statement from the U.S. Federal Aviation Administration that it would mandate “design changes” in Boeing’s 737 MAX 8 aircraft, the airplane maker confirmed that it would do so by April. On Sunday, Ethiopian Airlines crash in connection to…
Siemens beat Huawei in the number of patent applications filed with the European Patent Office in 2018. On Tuesday, in a statement the European Patent Office stated, Germany’s top industrial group Siemens had filed the maximum number of patent applications in Europe in 2018. Siemens was followed by China’s Huawei. In 2017, the Chinese telecom…
Microsoft has demanded that Foxconn pay patent royalties in its latest lawsuit. On Tuesday, Foxconn’s CEO Terry Gou stated, it does not expect to suffer any loss as a result of a lawsuit filed by Microsoft Corp. In its lawsuit, Microsoft has stated, Foxconn has not paid its patent royalties. At a press conference in…
HSBC Holdings Plc is now on a mission of targeting to bring in its fold the richest people residing in the fastest growing region of the world in terms of generation of wealth. According to Tan Siew Meng, Asia Pacific head of global private banking of the London-based bank, a team top cater to and…
Following unconfirmed reports in the media, United States based chip making giant Nvidia confirmed on Monday that it was set to acquire the Israeli chip designer Mellanox Technologies for $6.8 billion. According to reports, this bid by Nvidia was more than an earlier bid made for the company by Intel Inc. The acquisition would help…
As per a source Nvidia has outbid Intel Corp for Mellanox. The deal assumes strategic importance since it will reduce Nvidia’s dependency on the gaming industry for its revenues. As per a source familiar with the matter at hand, Nvidia Corp is close to acquiring Mellanox Technologies Ltd for more than $7 billion. The potential…
business-gurus.com 