In a deal that is expected to boost Cisco’s collaboration tools and help the company diversify its offerings away from switching and routing, on Monday, Cisco Systems Inc said that it will buy software company BroadSoft Inc for $1.71 billion. Shareholders of BroadSoft were given a premium of 2 percent to last Friday’s closing share…
Cementing China’s ruling Communist Party President Xi Jinping’s power ahead of a new top leadership line-up and placing him in the same company as the founder of modern China, Mao Zedong, the Communist Party enshrined his political thought into its constitution on Tuesday. Identifying them as one of its guiding principles at the end of its…
Consumer Reports says the automaker may not understand what the magazine does after being bashed by Tesla for predicting the new Model 3 will have average reliability. “Tesla seems to misunderstand or is conflating some of what we fundamentally do — our Annual Reliability Survey report and the related predictions versus our car reviews and tests,”…
In a ballot which could strengthen the anti-migrant Northern League ahead of national elections early next year, voters in two regions of Italy’s wealthy north take part in referendums Sunday to demand more autonomy from the state. They have little in common with the recent Catalan independence vote in Spain which was marked by violent…
The latest bid by European regions too wrestle more power away from the establishment was marked as two of Italy’s wealthiest regions are poised to hold a referendum on greater autonomy Sunday. More control over their finances and administrations is being demanded and pushed for by Lombardy and Veneto, two northern regions home to about…
Human rights groups have severely denounced the appointment of Zimbabwe’s President Robert Mugabe as a goodwill ambassador of the World Health Organisation (WHO). At a high-level meeting on non-communicable diseases (NCDs) in Uruguay on Wednesday, WHO Director-General Tedros Adhanom Ghebreyesus announced the appointment of Mugabe. during his 37 years leading the country as either president…
The role of the Russian energy major Rosneft as the main international investor in the semi-autonomous region has been further boosted after the oil major agreed to take control of the main oil pipeline in Iraq’s Kurdistan. President Vladimir Putin has a strategy to ratchet up Moscow’s political and economic influence in the Middle East and the latest…
Hopes that the technology IPO market would bounce back this year have bene extinguished by big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank Group Corp and Middle East sovereign wealth funds. Startups have been enabled to raise more money, stay private longer and spurn the regulatory hassles of an…
The traditional surge in gold demand from the Hindu Festival of Diwali was expected to be muted by Indian jewelers until early this month. Efforts to increase financial transparency and a government crackdown on the black market had caused a slump in sales and the industry was struggling to cope with that slump. In August, in…
The question – Why is a technology threatening to decentralize money so attractive to highly centralized, authoritarian regimes? is ripe to be asked with Russia and China both embracing the idea of sovereign cryptocurrencies. President Vladimir Putin had ordered the swift launching of a “crypto-ruble”, Argumenti i Fakti, a pro-government newspaper, quoted Russian Communication Minister Nikolai Nikiforov as saying last weekend. The…
