A super computer that would have the processing power of 10,000 trillion calculations every second would be built at the University of Edinburgh in Scotland, Britain, after the varsity secured a funding of $104 million last week for the project. The announcement of the funding was made by Britain’s Chancellor of the Exchequer Philip Hammond…
If reports are to be believed, Apple Inc. is now targeting prestigious film awards, including the Oscars, for an upcoming series of original movies and TV shows. According to reports quoting source with knowledge of the issue, this approach by Apple shows its ambitions for dominating Hollywood with its video streaming service which is being…
According to a report published in the news agency Reuters, US based ride-hailing taxi app company Uber would be launching its much awaited initial public offering sometime in April this year. The report said that an investor roadshow, would be launched by it in April by Uber in addition to registering securities with US regulator…
As a mark of a tone down for its stance on foreign companies doing business in the country, China had recently announced the reduction of the value-added tax (VAT) in the country starting on April 1. This has prompted two foreign car makers – BMW AG and Mercedes-Benz to announce reduction of price for their…
Rise in global pollution resulting increase in the amount of anthropogenic greenhouse gases in the atmosphere in the last 30 years has made that period that warmest for Earth in over 2000 years of history of the Earth according to a joint study by the a group of Chinese and American scientists. The research of…
Facebook, which in recent years has been embroiled in a number of controversies related to data breach, security of private information of users and its platform being used for propagating fake news, has announced that it would be launching a new artificial intelligence tool that would enable the largest social media platform in the world…
UBS, the largest bank of Switzerland announced that it is apportioning an additional amount of nearly $400 million to its already announced legal provisions on Friday. The bank had been slapped with a huge fine last month of 4.5 billion euro ($5.09 billion). UBS has already appealed against the court decision in a higher court…
Days after the fatal crash of Boeing 737 Max jet in Ethiopia and after many governments and airlines across the world grounded or banned the jet, the US administration has grounded Boeing’s 737 Max fleet on Wednesday. Following this, Boeing itself announced pulling down of its entire 737 fleet globally., Two fatal crashes involving the…
Saudi Aramco is trying to find new buyers for its crude oil in China because of increasing competition from Russian and US producers. In this effort the Saudi state owned oil major is also strategizing towards a process of partnering with independent refiners and newcomers into the industry. According to reports quoting industry sources, Saudi…
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…
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