Those activists who had been hoping to establish the first unionised warehouse in the United States in Amazon have been defeated by the company. Labour officials said, workers at the Bessemer, Alabama warehouse voted 1,798 to 738 against the effort. That was a majority of the votes that were cast in the contest and according…
United States based software giant Microsoft Corp will be acquiring artificial intelligence and speech technology firm Nuance Communications Inc in a deal worth about $6 billion in cash, the company said on Monday. Analysts said that this is a part of the strategy of Microsoft to further its business in the area of cloud strategy…
The European airplane maker Airbus saw a surge in deliveries of its planes in March because of a revival of air travel in China and the United States which resulted in its shares also surging. During the first quarter, slightly higher deliveries was reported by Airbus as the company also disclosed 39 gross orders, including…
The continued interest and favouritism of investors for fast-growing fintech firmclompanies arounf the world was at display again as the British financial technology start-up TrueLayer saying that it raised $70 million in fresh funding. The known as APIs, or application programming interfaces technology offered by TrueLayer allows the connection between fintech apps such as Revolut…
Share worth $14.7 billion in the Chinese social media and gaming giant Tencent’s has been sold by the firm’s biggest shareholder. The seller plans to use the money generated from the sale for investing in other growth oriented ventures. The Chinese tech giant Tencent said in a Hong Kong Stock Exchange filing on Thursday that…
Japanese conglomerate Toshiba has confirmed recent reports of the company being made an offer of about $20bn for an acquisition by a British private equity fund. After confirming the bid by CVC Capital Partners that it got, trading in the stocks of the scandal hit firm was temporarily halted on Tokyo’s stock exchange. According to…
The historic rally in the price of bitcoin helped that cryptocurrency exchange Coinbase to ramp up its revenues nine folds for the first quarter of the current year compared to the same period a year ago, the company said while preparing for making a debut on the Nasdaq stock exchange next week. Coinbase said in…
The Swiss bank Credit Suisse lost nearly $4.7 billion as well as the jobs of its two top executives because of the collapse of US hedge fund Archegos Capital last month. After taking a charge of 4.4 billion Swiss francs ($4.7 billion) in relation to the failure of Archegos, the bank was likely to report…
Thailand will consider as its “principal vaccine” against Covid-19 the coronavirus shot developed by AstraZeneca and the University of Oxford with this Asian country trying to reopen and revive its tourism industry which is a crucial one for the country, said the country’s public health minister in an interview to a television channel. There were…
Following reports of the better than expected and record deliveries made by the United States based electric car maker Tesla in the first quarter of the year, the shares of the company surged on Monday to the extent that the company is now poised to add about $50 billion to its market value. The strong…
