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…
A ruling issued in Germany has accused Facebook, the largest social network of the world, of abusing its dominant position in the market to amass user information without gaining consent from them. This was followed by the social media platform being asked to curb its data collection practices in Germany. The Cambridge Analytica scandal which…
Despite the micro-blogging site Twitter Inc. beating analysts’ estimates in terms of both revenue and adjusted earnings per share for the fourth quarter, the shares of the company dropped over concerns for not as expected forecast guidance. The profits of the company for the fourth quarter as reported by Twitter was more than double the…
The largest hotel chain in India has targeted to achieve global domination. Rooms are being added to its platform much faster than the total count of the top three hotel chains of the world, claims the Indian firm OYO, launched just five years ago in the form of an online platform that allowed its users…
According to reports published in the Globe and Mail newspaper on Monday, Huawei executive Meng Wanzhou is seeking ways to create a defence for herself according to which she would claim that the charges posed against her by the United States are politically motivated. This line of legal remedy is being sought by Meng to…
In what is being described as its boldest step for expansion outside of its home country, U.S.-based electronic cigarette company Juul Labs Inc hopes to enter the Indian market by the end of 2019, reported Reuters. The company has already started recruitment in India for that purposes with the hiring of Uber India executive Rachit…
Strong growth in the United States, Brazil and Spain helped Banco Santander post an 18 per cent increase in net income for the entire of 2018. According to the annual results as published by the bank, it reported a net income of 7.81 billion euros or $8.93 billion in 2018 while the number in 2017…
The hit of the trade war is forcing Taiwan’s Advantech, the largest maker of industrial computers in the world, to plan boosting its US production. This would allow the company to avoid the 40 per cent tariffs imposed on the its goods by the United States if it were able to assemble more of its…
All of the plastic parts used in packaging of products of Samsung Electronics would now be replaced some suitable alternative materials this year, said the South Korean company on Monday. The company announced that it would use recycled or bio-based plastics and paper in place of non destructible plastics staring from the first half of…
The severance package for the former boss of French car maker Renault should not be “exorbitant”, said the country’s finance minister on Sunday. The French government, which is the largest shareholder in the car company, also said that it would keep a close watch on the issue. Ghosn is under arrest in Japan on charges…
