Amazon has 5 logistics centers in France. It now plans on opening a 142,000-square-foot delivery warehouse later this year. The ramping up of investments in its infrastructure and services in the country along with the settling of long-running taxes with French tax authorities, are a pointer to the strategic role France is to play in…
Although 5G services will have faster throughputs, it will nevertheless cost billions of euros for each national market compared with a few million for Sigfox’s IoT networks. The smart thing would be to mix and match to get the best mileage out of both technologies. SigFox, a French start-up which builds networks to make everyday…
While cash has always been King, card payments have dethroned it now signalling the creeping end of privacy rights and freedom. In a historic development, an analysis from Bundesbank study shows that the majority of Germans prefer card payments instead of cash. The supremacy of cash in Germany which ensured privacy and freedom of its…
Injong Rhee played a significant role in Samsung’s Knox security system, Samsung Pay mobile wallet and its Bixby digital assistant. Injong Rhee, the former chief technology officer at Samsung Electronics Co has resigned from his job and has been hired by Alphabet Inc’s Google to head its Internet of Things (IoT) business. Google spokeswoman, Jane…
Lindsay-Rae McIntyre has been barred from joining Microsoft, pending a court review of the lawsuit. On Tuesday, International Business Machines (IBM) Corp sued Lindsay-Rae McIntyre, a former executive alleging violations of its 1-year non-competitive agreement. Over the weekend McIntyre was named by Microsoft Corp as its new chief diversity officer. According to documents that were…
The projects it plans on funding will focus on building 5G solutions, smart manufacturing platforms and cloud computing services. On Monday, Foxconn, the world’s largest contract manufacturer of electronics, stated it plans on using the proceeds of one of its subsidiaries, which got listed in Shanghai, to fund 8 projects totaling to $4 billion (27.3…
Although Chinese military drones look suspiciously similar to U.S. and Israeli ones, drone makers are confident that customers will continue to prefer a reliable strike platform rather than a cheap unreliable ones. A predicted rise in demand for military drones from regions in Asia, the military drone market is gradually leaning towards Chinese drone makers…
Ant’s pre-IPO fundraiser, dependent on investor feedback, is aimed at gaining size as it looks to expand in its home base as well as abroad. As per sources familiar with the move, Ant Financial Services Group, a Chinese online payment firm, is planning on raising up to $5 billion in fresh equity. The move could…
The move marks the latest effort by companies in Japan to fight Amazon.com from gaining a foothold in the island nation. On Friday, Japanese business daily NHK reported, SoftBank Group Corp, Yahoo Japan Corp and Aeon Co Ltd plan on launching an online retail business. The online retail business will sells all kinds of products…
The development is a follow through on Amazon’s $13 billion acquisition of Whole Foods in 2017. On Thursday, Amazon.com Inc stated it would start delivering Whole Foods groceries to Prime Now members in select U.S. cities; the service will soon expand to the rest of the country as well. In a statement, the world’s largest…
business-gurus.com 