Here is why the Blackstone Group acquired a majority stake in Thomson Reuters Financial and Risk business – data is the new oil. Tony James, Blackstone Group LP’s President made it amply clear to investors that the future of Thomson Reuters Financial and Risk business is in selling data and not in selling terminal desktop…
Dell is exploring options vis-a-vis VMWare which includes asset divestitures, VMWare’s IPO as well as a merger. Sources familiar with the matter at hand have disclosed, VMWare Inc, a business software provider and Dell Technologies Inc, a U.S. computer maker, have decided to explore options that could include a potential merger of both companies. Dell…
Weighed down by cyber heists, insurers are gingerly tip toeing around the bitcoin business. Despite daunting challenges and the volcanic volatility of cryptocurrencies, global insurers, including Mitsui Sumitomo Insurance, XL Catlin and Chubb, are increasingly being drawn against swinging prices of cryptocurrencies and are starting to offer protection against thefts. Although, so far, their efforts…
According to a member of the Singapore-based NEM foundation, the purpose of the cyber heist was to test the audit trail mechanism. On Thursday, authorities from several countries have begun investigating the $530 million cyber heist involving the NEM cryptocurrency, said Takao Asayama, a member of the foundation behind the NEM cryptocurrency. Takao Asayama stated…
Free of advertisements, Nextdoor is free for use in European markets. Users can use the app to integrate better in their neighborhood. On Thursday, Nextdoor, a social network that links up neighbors rather than friends, said it be launching in France. Members can use Nextdoor’s app and website to ask their neighbors for advice on…
The growth in Microsoft’s Azure cloud computing service is one of the reasons why the tech giant’s shares have risen by nearly 50% in the last 12 months. Despite Microsoft Corp’s quarterly revenues beating Wall Street’s forecast, recent changes in U.S. tax law took a one-time bite of $13.8 billion from its earnings. Boosted by…
Nuro’s autonomous automated vehicles are targeting the goods delivery segment. Smaller in size than a conventional sedan, they can be customized to hold upto 10 shopping bags, or be configured to accomodate custom inserts, such as a dry-cleaning rack, a heating or a cooling unit. On Tuesday, Nuro, a Silicon Valley start-up firm disclosed, it…
Petroleum giants, whose business model earlier revolved around fossil fuels, are increasingly diversifying into cleaner technologies with consumers preferring electric vehicles to their dirty polluting gas guzzling cousins. BP Plc disclosed it has invested $5 million in FreeWire, a U.S. mobile electric vehicle charging company. Demand for cleaner vehicles are expected to soar in the…
The U.S. chipmaker’s business model has created a series of legal setbacks. Apple has also charged it over similar legal issues. On Tuesday, Taiwan’s Fair Trade Commission stated Qualcomm Inc will pay $13.35 million ( T$390 million) as its first installment of the fine imposed by it for violations of anti-trust regulations in Taiwan. The…
Holding a dominant market share in India’s fierce ride-hailing market, Ola plans on launching itself in Australia by inviting driving partners and private vehicle owners in the cities of Perth, Melbourne and Sydney. On Tuesday, Ola, an Indian ride-hailing company announced plans on entering the Australian market intensifying its effort to win market share embattled…
