The Swiss multinational investment bank and financial services company UBS reported a 63 per cent surge in its net profits for the second quarter as it comfortably beat analysts’ expectations with buoyant markets continued to aid the company to generate higher earnings from managing money for the super wealthy, said the largest wealth manager of…
With competition increasing in the videoconferencing sector Zoom Video Communications Inc announced a $14.7 billion all-stock deal to acquire Five9 Inc, a cloud-based call center operator, its largest-ever acquisition. With the Coronavirus-induced COVID-19 pandemic resulting in the closures of schools and businesses, Zoom has become a household name and an investor favorite this year with…
Fakespot, a well-known app that is used for detecting fake product reviews, has been removed from its App Store by Apple following complaints from Amazon about the app providing misleading information to users while also presenting potential security risks. The credibility of an Amazon listing’s reviews is analysed by Fakespot’s app after which the app…
Global oil prices have clime dot a two and half year high as demand rise with the reopening of economies from the Covid-19 pandemic closures which has prompted the OPEC+ ministers to agree to increase oil supply from August so that prices come down. The crucial agreement between the OPEC countries and allies like Russia,…
In a statement UK-based cybersecurity firm Avast Plc said, it was in advanced talks over a potential merger with NortonLifeLock Inc. If the negotiations are a success, it will result in a cash-and-share deal, said Avast. The company however cautioned thar there is no certainty that a deal will be agreed. Late on Wednesday, NortonLifeLock…
On Thursday Toyota Motor Corp’s research arm said, it had acquired US based map and driverless vehicles data provider Carmera. The acquisition underscores Toyota’s push to bulk up its self-driving arsenal as traditional automakers compete with tech giants in the emerging autonomous vehicles sector. The acquisition will provide Toyota access to real-time, high-definition maps and crowdsourced…
The former boss of both auto makers Nissan and Renault, Carlos Ghosn, spoke out publicly for the first time about his arrest and scape from Japan in an interview to the BBC. Ghosn recalled how he was bundled inside a box on board a plane at 10.30 pm on a cold December night in 2019…
Coke is set to change the recipe for its Coca Cola Zero Sugar drink. The company will be making a change in the recipe of the drink as the company tries to make the drink taste more like the regular Coke, Coca Cola said Tuesday. The company will also change the look of the can…
Market sentiment could be boosted by the move by Chinese authorities to bring down the amount of funds banks need to hold in reserve, and it could also be beneficial for stocks in some sector, said a report from the investment bank UBS. Reduction of the reserve requirement ratio (RRR) by 50 basis points for…
Israel has struck a partnership with the United States based pharma company NRx Pharmaceuticals for completion of trials and commercialization of the Covid-19 vaccine that has been developed in Israel called BriLife. A memorandum of understanding was signed between NRx and the Israel Institute for Biological Research on Monday, and the two parties said that…
business-gurus.com 