There would be two distinct internets in the world within the next decade – one that would be led by the United States and the other by China, predicted Eric Schmidt, the former CEO of Google and executive chairman of its parent company, Alphabet. In reply to a question by economist Tyler Cowen at a private…
Walmart Inc the largest retailer by far in the United States as well as in the world, has issued a warning that id the Trump administration imposes a tariff on Chinese imports, then it will be forced to increase the prices of its products, according to news reports published in the media. The news reports…
The €200bn money laundering scandal that hit Denmark’s largest bank – Danske bank, has been described as the “the biggest scandal” in Europe by the European Commission. An explanation from ministers from Denmark and Estonia would be sought by the European commissioner for justice about how the Danske Bank executives and regulators did were not…
Given the similarities of Marketo’s business with Adobe’s cloud-based business, the cost synergies in the deal hit a sweet spot. Adobe Systems has agreed to acquire Marketo Inc from Vista Equity Partners Management, a private equity firm, for $4.75 billion. The acquisition will boost its cloud-based digital marketing business. Adobe is sharpening its focus on…
Samsung sees the DRAM memory market rising by 20% in 2018, while the NAND Flash memory market by 30%, down from its earlier forecast of 40%. According to a report from Bloomberg which cites 3 sources familiar with the matter at hand, Samsung Electronics Co Ltd plans to lower its production of memory chips in…
NHTSA’s rating system includes information regarding the soundness of a vehicle’s rollover safety features as well as crash protection mechanism built into the vehicle. In a significant development, U.S. auto safety agency NHTSA has awarded Tesla Inc’s Model 3 a five-star rating in tests that are standard for all cars in the United States. With…
Tilray Inc. investors is a Canadian maker of medicinal cannabis extracts saw a huge rise in its shares throughout this year. On Wednesday, the shares of the firm rose by 38% while the peak increase during the day was 94%. The shares came to rest finally at $300. The huge increase in the share price…
