With a funding round, led by SoftBank group, seeing WeWork’s valuation touch $17 billion, the tech startup was 2017’s hottest startups. As per three sources familiar with the matter at hand, WeWork Co, an American firm that provides shared technology startup subculture communities, workspaces, and services for large enterprises, freelancers, entrepreneurs, startups and small businesses,…
Once the deal comes through, it could provide much faster alternatives to existing Wi-Fi connectivity on airplanes. As per a Bloomberg report, citing sources familiar with the matter at hand, Alphabet Inc’s Google is negotiating with Nokia Oyj to purchase its airplane broadband business. The purchase could enable Google to provide faster alternatives to existing…
As a first step, cryptocurrency providers in Australia will have to register themselves with AUSTRAC and comply with KYC norms. On Wednesday, in a move aimed minimizing the risks surrounding cryptocurrencies, Australia has brought the country’s cryptocurrency providers under the purview of its financial intelligence unit, so as to monitor and take necessary action against…
It seems that life is pretty good in Australia. The country’s GDP rate is growing slowly but steadily, and The World Happiness Report ranked Australia tenth in the list of the happiest nations. Also, Australia comes seventh in the ranking of the most cashless countries in the world, behind only Canada, Sweden, the UK, France,…
Apple has reached a major milestone with this achievement. The next step is to encourage suppliers to follow suit. Apple has stated, it has achieved its goal of powering all of the company’s facilities, including data centers, retail stores and offices in 43 countries, with renewable energy. Many big U.S. companies, including Alphabet, Apple and…
A ruling by the Court of Justice of the European Union (ECJ) has stripped Uber of its protections against undue national regulation that digital services enjoy in the Eurozone, under EU law. On Tuesday, in yet another setback to Silicon Valley startup, Uber Technologies Inc, a top EU court ruled that France is entitled to…
Verifone Systems is a point-of-sale device maker. The development comes midst an increase in consumer spending vide credit cards. Francisco Partners will take Verifone Systems Inc, a payments technology firm, private for $2.58 billion in cash. With the news reaching the market, shares of Verifone Systems, which makes point-of-sale payment devices, surged by 52% in…
Mick Mulvaney, U.S. President Donald Trump’s pick to lead the CFPB intends to invalidate the payday rule asap. In a significant development, a leading trade group for small-dollar lenders has asked a federal court to block rules that are meant to shield consumers from predatory loans. As per rules issued in November 2017 by the…
The demand which incidentally underscores the wide gap between Viacom’s price expectations and CBS Corp’s offer price indicates that both companies have made little progress in talks. The synergies however have potential since it would position the combined company to better leverage its asset swhile negotiating with U.S. cable and satellite companies. As per sources…
Although tech companies are on the same page as the Trump Administration on it’s findings on the Section 301 investigation, it is of the view that the current strategy is not sustainable and results could be better achieved through an international coalition that challenges China at the World Trade Organization. On Monday, a trade group…
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