Snap Focuses On Augmented Reality To Expand Into In Latin America, Asia

According to a report published by Reuters, the social media company Snap Inc is accelerating its global expansion in nations – ranging from Mexico to Japan, by partnering with wireless carriers and promoting its famous augmented reality capabilities. The parent company of the Snapchat photo messaging app is banking on the app’s relative safety at…

Serbia Cancels Permission For Rio Tinto’s $2.4 Billion Lithium Project

The Anglo-Australian mining company Rio Tinto’s desire to become Europe’s leading supplier of lithium, a critic metal for manufacturing of electric vehicles was harmed on Friday when Serbia canceled its lithium exploration permits due to environmental concerns. Serbia’s decision comes as the country prepares for a general election in April, and as tensions between Belgrade…

Mercedes-Benz Partners With Luminar For Self-Driving Technology Development

Self-driving sensor maker Luminar Technologies Inc has struck a partnership with the luxury carmaker Mercedes-Benz for creating technologies and hardware for the development of fully automated cars fit for driving on the highways for the venture’s next-generation vehicles, said the founder of Luminar. A number of global auto companies, from Tesla to GM, are pursuing…

Banorte Considering Option Of Purchasing Citi’s Mexico Consumer Bank

Mexico’s Grupo Financiero Banorte is considering possibilities of making a bidding offer for the Mexican consumer banking unit of Citigroup, said the Mexican company’s chief executive said. “We are starting an analysis of this opportunity, and if we find that a possible transaction adds value to shareholders, we would submit it for their consideration,” Banorte…

Netflix Makes Gloomy Forecast Wiping Off Much Of Share’s Gains Made In The Pandemic

Netflix Inc shattered hopes for a speedy recovery on Thursday by expecting dismal first-quarter subscriber growth, sending shares down nearly 20 per cent and wiping out most of the company’s remaining gains made during the pandemic in 2020. According to Refinitiv IBES statistics, the world’s largest streaming service expected to attract 2.5 million members from January to…

Sony Shares Fall After News Of Microsoft-Activision Blizzard Tie-Up Plan

Sony’s stock has plummeted in Tokyo trading after Microsoft announced its intention to buy Activision Blizzard, a major video game publisher. The $68.7 billion transaction would be Microsoft’s largest ever buyout and the largest gaming agreement ever. The deal would give the US company control of popular gaming properties such as Call of Duty, Warcraft,…

Amazon Suspends Blocking UK Visa Credit Cards As The Two Firms Continued To Negotiate

Amazon has suspended its plans for blocking UK Visa credit card payments this week even as the two parties work out a payment fee issue. “The expected  change regarding  the use of  Visa credit cards on Amazon.co.uk will no longer take place on January 19,” Amazon said. It was “working closely to reach an agreement”,…

Credit Suisse Chief Horta-Osorio Resigns After Probe Found He Broke Covid-19 Rules

Antonio Horta-Osorio, the chairman of global banking behemoth Credit Suisse, has resigned with immediate effect after violating Covid-19 quarantine restrictions. Horta-Osorio had only been with the bank for nine months and he quit her job after an internal probe. After a series of crises at Credit Suisse, the former CEO of Lloyds Banking Group had…

$1 Billion Office Purchased By Google In London Expanding Its Property Empire In The City

While it waits for the construction of its long-delayed U.K. headquarters to be completed, Google has purchased a bright office space in London for $1 billion. The internet behemoth revealed on Friday that it has purchased the entire Central St. Giles building in London’s West End, where it already has a number of floors. Google…