According to reports published recently, an offer worth about $33 billion in cash and stocks has been made by the United States based printer maker Xerox Holdings Corp for personal computer maker HP Inc which is three times the size of Xerox. The bid from Xerox was confirmed by HP but did not disclose the…
In February 2019, Trump had urged U.S. companies to increase their research spending on 6G or be left behind. In a news bulletin that was published by China’s Ministry of Science and Technology, China officially announced that it has started researching sixth-generation telecoms technology. Officials from government ministries and research institutes met this week to…
This is not the first time that activist investor Carl Icahn has tried to orchestrate a deal by having a relatively smaller company buy a bigger one. According to three sources familiar with the matter at hand, U.S. printer maker Xerox Holdings Corp has made a $33 billion cash-and-stock offer to acquire personal computer maker…
Qualcomm’s chips will be required to fully utilize the increase in speed promised by 5G networks. In a development that potentially hints at Apple Inc’s impending launch of 5G models in 2020, Qualcomm Inc disclosed, it expects 200 million 5G smartphones to be sold in 2020. Next-generation 5G smartphones, set to debut next year in…
China is increadingly positioning blockchain technology as a foundational fintech platform. On Thursday, in a statement, the Shanghai headquarters of the People’s Bank of China (PBOC) stated the usage of blockchain technology solves many of the issue revolving around information asymmetry in trade finance and the core problem of providing proof of trade authenticity. Its…
Boeing still has to cross a couple of hurdles before it can resume flight services for the 737 MAX. In a statement, Patrick Ky, the executive director of the European Union Aviation Safety Agency (EASA) stated Boeing’s 737 MAX airliner, which is currently grounded, is likely to return to service in Europe during the first…
Gojek’s proof-of-concept service will be used to measure the demand for ride-hailing sector in Malaysia for a period of 6 months. On Tuesday, in a statement, Anthony Loke Siew Fook Malaysia’s minister of Transportation stated, Kuala Lumpur will allow ride-hailing firms such as Indonesia’s Gojek to start operations in the country from January 2020. Gojek’s…
Increased competition, rising costs of fuel and global economic issues have caused a hiccup in the expansion of global airline industry forcing companies in the sector to look for deals an d consolidation even as there has been failure of some high profile deals. Keeping in line with this trend in the industry, Spain’s Air…
Google has decided to purchase the fitness device marker Fitbit in a deal worth $2.1 billion. According to analysts, this deal will allow Google to venture into the health trackers and smart watches market. This deal can also be helpful for Fitbit because it is taking place at a time when the company is seeking…
Irrespective of the outcome of the elections, the cost of labor for companies is set to rise in Britain. On Monday, as per an independent review on Britain’s minimum wages found that setting a floor on pay had a insignificant effect on job creation. As a result, Britain’s plans on raising the minimum wage to…
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