While Walmart is fighting hard to give matching rivalry to Amazon.com, it is also facing criticisms of the costs of that fight and that is creating some concerns among the investors of the in the company. The profitability of Walmart is being hit because of the company spending large amounts in investments such as purchasing…
Verisk Maplecroft, a research firm that specialises in global risk, has calculated that every year, over two billion tonnes of municipal solid waste is produced throughout the world which would be able to fill up more than 800,000 Olympic sized swimming pools. The study further found that the Americans are the leaders in waste production…
Blockchain technology is steadily gaining traction in the financial world. Australia’s top 3 banks aim to use blockchain to reduce the risk of fraud as well as digitize bank guarantees. On Thursday, in a significant development, the top 3 banks in Australia stated, they have agreed to partner with IBM and with the Scentre Group…
Both EE and Vodafone have shunned Huawei equipment in Britain. However, Vodafone launched its service with Xiaomi Mi Mix 3 handsets along with Samsung S10 5G. In a significant development, Vodafone launched its 5G network in 7 British cities with unlimited high speed data plans without any premium rates. The development comes midst Deutsche Telekom…
Facebook has been charged with a violation of the law on internet transparency of Germany and has been fined 2 million euros ($2.26 million) by the regulators in the country. The allegation against the largest social media platform of the world was that it had provided a distorted picture about the quantity of illegal content…
Facebook was fined since it had presented incorrect data on its transporency report on illegal content on its social media platform. In a significant development, German authorities have fined levied a fine of $2.26 million (2 million euros) on Facebook for providing a “distorted picture of the amount of illegal content on the social media…
The deal has multiple synergies that bode well for Exabeam. Exabeam, a California-based cybersecurity firm stated it has acquired Israeli cloud application security company SkyFormation for an undisclosed amount. The financial details of the acquisition are yet to be disclosed. Exabeam’s first acquisition follows its recent $75 million funding round. The deal will enable Exabeam…
The deal is aimed at expanding Axel Springer’s growth strategy through targeted online job recruitment advertisements. Axel Springer, a German publisher stated, Stepstone, its jobs portal, had acquired a 85% stake in Appcast for around $79 million. Appcast is a U.S. tech company that specializes in programmatic advertising. Programmatic advertising uses automation to serve job…
German lender Deutsche Bank plans to become more effective in wealth management business segment because it believes it would bring in steadier revenue streams and has plans to recruit an additional 300 relationship and investment mangers for that business by 2021. There is a major restructuring under way at Deutsche Bank and the company now…
For the United States based tech companies, 2019 has been a good year for growth so far even as US lawmakers have been contemplating the question – how big is too big. Over the past six months, there has been a 25 per cent value enhancement in the market value of four of the five…
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