A crypto currency has been created by US investment bank JP Morgan to allow a section of its customers who are in the wholesale business to be able to make payments in digital currencies. This is the first time that a digital coin has been developed by a US based major bank. The bank said…
According to media reports quoting sources, the British Prime Minister Theresa May has been told by US car maker Ford Motor Co that some of its production processes would have to be moved out of the UK due to Brexit, this was conveyed by the company during a conference call on Tuesday with May. According…
Chinese telecom giant Huawei has equated the decision of New Zealand to leave it out of the process of construction of its 5G mobile network to the All Blacks being left out of a rugby tournament. This was communicated by the Chinese firm, the largest telecommunications equipment maker in the world, through full-page ads in…
An activist investor of the British online takeaway service platform Just Eat is putting pressure on the company get merged with a rival instead of the company looking for and appointing a new chief executive. An open letter, demanding a merger with another online food delivery company within the next few months, was sent to…
In its attempt to further crack down on “fake news” just ahead of the crucial national level elections in India, social media giant Fecebook has said that it is further extending its fact-checking programme in India through third parties by involving very well known media names such as the India Today Group, Factly and Fact…
The growth for the French cosmetics giant L’Oreal for 2018, as reported last Friday, was the highest for the company in more than a decade. This growth was primarily driven by very strong growth in its new markets with a 24 per cent gain in sales in the Asia-Pacific region. There is currently no worry…
The computer network of the Australian parliament was attempted to be hacked which is being investigated by security authorities of the country. While there was “no evidence” that hackers have been able to access or steal any information, said the lawmakers, but their passwords are being changed as a precautionary measure. The attempt to hack…
The global furniture retailer Ikea is attempting to become more environment firnedly. As a part of its this effort, the company is testing out the possibility of offering used and patched-up furniture to customers in the UK. The first attempt for the sale of old and used furniture was made in Edinburgh as a pilot…
Amazon founder Jeff Bezos claimed that he was blackmailed by David Pecker’s National Enquirer by threatening to publish some sexual pictures that involved him and possibly his girlfriend, Lauren Sanchez. This allegation was made by Bezos in a blog headlined “No Thank you, Mr. Pecker” where the Amazon CEO claimed that he was contacted by…
With the aim of bringing down its $50 billion debt burden that it had acquired in recent years, the US based computer manufacturer Dell Technologies Inc is contemplating selling off its U.S. provider of cybersecurity services – SecureWorks Corp. The current market valuation of SecureWorks is estimated to be about $2 billion according to a…
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