Faecbook wants to publish news content of news publishers on its social media platform and is reportedly holding talks with such companies. Reports have suggested that the largest social media company is ready to “millions of dollars” to get the rights to the news content materials. For years, Facebook has been criticized by many because…
The United States based ride hailing company Uber reported quarterly loss that was below the market expectations which sent the company shares soaring down. Increased competition resulted in the slowdown of revenue growth which led the company to report its highest quarterly loss ever. There is heavy spending being made by Uber and its rivals…
According to a recent report published in the online edition of the German magazine Der Spiegel, Mercedes-Benz owner company Daimler would be slapped a fine of between 800 million euros ($895 million) and 1 billion euros by the prosecutors in Stuttgart, Germany over violation and cheating of diesel related emissions standards. A form of cheating…
Cell therapy developer BlueRock Therapeutics would be taken over via complete control by German drugmaker Bayer according to a deal worth up to $600 million. According to analysts, this investment move by Bayer is aimed to strengthen its position in a new and promising medical area as well as to develop its pipeline of medicines…
Salesforce sees synergy in the deal as it would help it accelerate the growth of its Service Cloud platform. On Thursday, U.S. cloud-based service provider Salesforce stated, it has signed an agreement to acquire ClickSoftware, an Israeli software developer, for $1.35 billion in cash and shares. The acquisition of ClickSoftware, which makes cloud-based field service…
The plans of Japanese auto manufacturer of developing a range of useful service robots that can assist people in everyday life will get help from a firm specializing in artificial intelligence (AI) Preferred Networks, a Japanese company founded in 2014, is being roped in by the auto maker to help it in areas such as…
A new form of breach of privacy and concerns about it emerged after the Hong Kong flag carrier Cathay Pacific revealed that it regularly conducts monitoring of its passengers through onboard cameras on its aircraft. According to Cathay, the aim of gathering of the footage of passengers via a number of cameras positioned all around…
After being financially troubled because of soaring rents and following a number of earlier unsuccessful attempts to find a buyer have ultimately forced the United States luxury department store chain Barneys New York to put it up for sale and file for Chapter 11 bankruptcy. In order to stay afloat, new funds from Hilco Global…
The trade war between the United States and China is hitting the heart of the American computer industry. Following the decision of the US administration to blacklist Chinese tech giant Huawei in May, business has not been good for American chipmakers. The new proposed China tariffs by US president Donald Trump is set to hurt…
Reducing carbon emissions from only cars, factories and power plants would not suffice to find a solution to fight the climate crisis, claimed scientists according to a report published by The Guardian. Scientists have claimed that unless there is also a transformation in the way the world produces food and manages land, it would not…
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