31m Swiss Francs Fetched For World’s Most Expensive Watch In Charity

A charity auction hosted by Christie’s in Switzerland saw a record 31m Swiss francs being given for a Patek Philippe watch. This is the highest price ever that has been paid for a wrist watch. The money collected from the sale will be donated for research into muscular dystrophy. Just a five-minute auction at the…

16% Of Workforce To Be Cut By Juul, Reduce Costs By $1 Billion By Next Year

The vaping company Juul announced on Tuesday that it will cut more jobs that it had earlier announced – 650 jobs instead of the previously announced 500, in its efforts to reduce its expenditure by almost $1 billion by next year, said a company official. The number of jobs to planned to be cut accounts…

European venture capital firm Balderton Capital launches $400M tech startup fund

On Tuesday, Balderton Capital, an European venture capital firm stated, it is launching a $400 million fund to invest in technology start-ups; its total funds under management now totals to $3 billion. In a statement, Balderton said, the total venture capital funding in European start-ups hit a record high of $27.11 billion (24.6 billion euros)…

Google signs healthcare data deal with Ascension, gets access to health records of millions of Americans

In a deal that provides Alphabet Inc’s Google Inc more data to finetune its artificial intelligence tools, the search giant has signed its biggest cloud computing customer in healthcare to date with Ascension. In a joint statement Ascension, which operates 150 hospitals and more than 50 senior living facilities across the United States, and Google…

Shares of chipmakers rise in European bourses on expectation of a Phase One U.S.-China trade deal

On Tuesday, shares of chipmakers in European bourses rose in anticipation for a potential U.S.-China trade deal. Investors will be looking for clues in a key speech from U.S. President Donald Trump. The pan-European STOXX 600 index edged slightly higher by 0840 GMT, with technology stocks rising by 0.3%. Investors are keenly awaiting a speech…

Huawei incentivizing employees to help shift its supply chain away from the United States

On Tuesday, Huawei Technologies stated, it will disburse $286 million (2 billion yuan) in cash as rewards to staff who are working to help it weather a U.S. trade blacklisting. Huawei is trying in full earnest to find alternatives to U.S. hardware after the U.S. Commerce Department nearly banned it in May from doing business…