Putting Snapchat, the messaging app, a step closer to the biggest U.S. stock market debut since 2014, the company has filed for an initial public offering, reported the media quoting sources familiar with the situation. The Venice, California-based company would be made the largest IPO since Chinese e-commerce giant Alibaba Group Holding Ltd’s went public…
In a move that comes as privacy advocates worry about the potential for stepped-up government surveillance under a Trump administration, one of the world’s most popular means of communication, Facebook’s WhatsApp, has added fully encrypted video calling to its messaging app from Monday. By the adoption of end-to-end encryption early this year, Whatsapp made it…
If President-elect Donald Trump follows through on campaign threats to impose new tariffs on China, there is a warning that iPhone sales could suffer and consequently Apple’s stock extended recent losses. As investors shift funds into financial and public works companies seen benefiting from deregulation and infrastructure spending under President-elect Trump, Apple is among several…
Lego continues to carve its way into the hearts of children after more than 80 years since it began work in a small carpenter’s workshop. Lego remains determined to build new ideas off its small but powerful two-by-four brick – from physical toys and clothing, to blockbuster movies and theme parks. And the work certainly…
In a move that would accelerate trading between two of the major centers of finance, some of the world’s top trading firms have got together and agreed to build a faster data transmission network between Chicago and Tokyo, reported the media quoting a person familiar with the matter. According to the person, who asked not…
In an insider-trading investigation that could become the U.K.’s biggest case related to the crime, three employees from major banks have been arrested, reported Bloomberg and other media quoting two people with knowledge of the situation. The sources reportedly have said that the National Crime Agency, which is assisting with covert surveillance and the U.K.…
With the aim of helping improve cyber security but has decided not to follow this practice, officials at the Dutch Bank ABN-AMRO said that the bank was considered sending undercover security staff amid employees. Many banks are developing more sophisticated ways to prevent security lapse as the risk of cyber attacks increases. Unintentional compliance failures, such as…
According to Goldman Sachs Group Inc., commodities used to build everything from airports to bridges will benefit under Trump’s presidency as he has promised to revive American infrastructure. Construction activity would be supported and boost steel, iron ore, nickel, zinc and diesel by spending by the Republican, who is set to enter the White House…
Sacking ousted chairman Cyrus Mistry as head of the group’s flagship business and blaming him for nearly pushing the group holding firm into losses, India’s $100-billion steel-to-software Tata conglomerate sharply escalated a battle with its ousted chairman. Group veteran Ishaat Hussain was appointed as the interim chairman as Mistry was removed as chairman on Thursday…
Potentially years of litigation is likely to be triggered as Ireland is to take the fight over Apple Inc.’s record 13 billion-euro ($14.4 billion) tax bill to a European Union court with the Irish Finance Minister Michael Noonan taking the case up. In a case that will test the EU’s powers to use state aid…
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