Iran was warned with the “strongest sanctions in history” by the US Secretary of State Mike Pompeo. European companies were also issued a warning by the U.S. against maintaining business relationship with Iran indicating a stiffening of stance against Iran ever since U.S. president Donald Trump took the company out of the Iran nuclear deal.…
In what is the latest development in the acquisition battle between Comcast and Rupert Murdoch’s 21st Century Fox, Britain will most likely oppose the proposed takeover of British satellite broadcaster Sky by American cable giant Comcast, said Britain’s culture secretary on Monday. He does not have storing intentions to interfere in the $30.7 billion deal…
Known as Speculative Store Bypass or “Variant 4”, these new vulnerabilities have a low risk profile assigned to them partly due to the patches that were released earlier this month for the Spectre and Meltdown vulnerabilities. Security researchers from Alphabet’s Google and from Microsoft Corp have unearthed new security vulnerabilities that impact a broad range…
The acquisition is aimed at bolstering Adobe’s Experience Cloud business. In what is stated to be Adobe Systems Inc’s biggest deal in a decade, the U.S. software company disclosed it would be acquiring Magento Commerce, an e-commerce services provider, from private equity firm Permira for $1.68 billion in cash. Following the news, shares of Adobe…
Having grossed $2.1 billion in 2017, HMD Global is aiming to double its sales channels in key markets in 2018. On Monday, HMD Global, the Finnish company licensed to sell Nokia-branded phones, stated it had raised $100 million in a new funding round aimed at boosting its growth. In 2017, its first year of operations,…
Malaysia will be the second market in which Grab has launched its e-wallet service. On Monday, both Grab and Malaysia’s biggest bank, Malayan Banking Bhd stated, they will collaborate to boost the adoption of the ride-hailing firm’s GrabPay mobile wallet. In the coming weeks, Grab, which received its e-money license from Bank Negara Malaysia in…
The first installment of the tax amount that was ordered by the European Commission (EC) to pay back to the Irish government on Apple was paid up by the U.S. company. The Commission had made the order based on allegations of violation of the State Aid rules of the European Union (EU). The company deposited…
Any attempt by U.S. President Donald Trump at blocking a proposed gas pipeline project between Russia and Germany would be resisted strongly, said the Russian President Vladimir Putin to German Chancellor Angela Merkel during their meeting on Friday. While Germany has severely protested the Russian annexation of Crimea four years ago and the two countries…
The biggest ever acquisition by PayPal was just completed by the company. PayPal announced on Thursday that a deal worth $2.2 billion has been struck by the payments company to take over a European startup – iZettle. This startup firm has business interests in the selling of mobile credit card readers and other forms of…
Alterations in policies of airlines about the manner in which lithium batteries can be taken on board planes has resulted in the closure in May of two smart luggage firms, and both the firms have laid this charge on airlines. Doing business had become almost impossible because of the alterations in the policies by several…
