In what is being considered to be one of the largest funding rounds for an unlisted group, a $14bn funding round was recently closed by Ant Financial. This funding tound has raised the valuation of the payments affiliate of Chinese tech giant Alibaba at over $150bn on a pre-money basis. Compared to the market cap…
Fujifilm CEO Shigetaka Komori said in an interview that the only way the U.S. office equipment firm Xerox would be bale to survive in the fiercely competitive global market is a takeover by Fujifilm Holdings. However, the Japanese company is also preparing itself for the eventuality of the deal not taking place eventually, the CEO…
Following the comments by the CEO of Qatar Airways suggesting that women are not capable of operating the airline, the airlines is attempting to reduce the severe accusations of sexism that it has bene facing since. “Of course it has to be led by a man because it is a very challenging position”, the CEO…
TolunaInsight, which is being considered to be the industry’s first comprehensive, automated platform that offers consumer insights in real-time has bene launched by Toluna, as a part of its corporate rebrand that seeks to focus on the value proposition and market position of the firm. According to the company, this launch has helped the company…
There is requirement for diligent governance of municipal technology with the integration of connected technologies in smart cities as such cities strive to function more efficiently and enhance its q1uality of service. A new research on smart cities conducted by ISACA identifies a number of crucial aspects for consideration with respect to issues of security…
The trending topics section is being shut down by Facebook. This is a feature that the company had created to highlight some and all of the interesting conversations hat tale place on the social media platform. however, it has now turned out to be a feature that has become political headache for the company that…
The payment system of Visa is reportedly now working in “full capacity”. On Friday there was virtual outage of its services in the UK and the rest of Europe as well following a hardware failure. A statement posted on the Visa Europe website in the early hours of Saturday said: “Visa Europe’s payment system is…
Living muscle tissue have been integrated into robots to create a dexterous cyborg by a group of Japanese engineers. The results of the project that was undertaken by the engineers was published this week in the journal Science Robotics. In this study, individual muscle precursor cells are first transformed to muscle-cell-filled sheets and then it…
An announcement made by the consumer watchdog of Australia claims that prosecution under criminal cartel charges would be initiated against financial institutions and banks including the ANZ, Deutsche Bank and Citigroup. The case dates back to 2015 and pertains to the banks arranging to sell A$2.5 billion (£1.4 billion; $1.9 billion) worth of ANZ shares.…
New laws in Australia that force Amazon to the good and services tax on transactions has prompted the e-retailer to not allow its Australian consumers to its global sites. Australian consumers shopping on Amazon international sites will be redirected to the local Australian site from July 1 when the new GST regulations begin. There would…
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