Even as Russia has bene attempting to discredit the U.K. in its investigations in the alleged Russian links into the poisoning of the former spy in southern England, the U.K. government said that all indications coming out of the investigations point towards Russia. “There is no doubt that we have found nerve agent, that nerve…
Equifax’s data breach is likely to be one of the most costly hacks in corporate history. The credit reporting firm is already facing a series of class action lawsuits and investigations by the U.S. Federal Trade Commission and various state attorneys general. A ruling by Suffolk County Superior Court Judge Kenneth Salinger in Boston, which…
Facebook’s CEO, Mark Zuckerberg statement that the data breach does not have “any meaningful impact” should be seen within the context of the scores of investigation this scandal has kicked off including by the U.S. Federal Trade Commission, investigations into the incident and its impact by 37 U.S. state attorneys general as well as by…
Founded by former Amazon employees Binny Bansal and Sachin Bansal in 2007, Flipkart controls almost 40% of India’s online retail market, as per Forrester, a research firm. Indian local news daily, Mint has reported citing sources familiar with the matter at hand, Amazon.com Inc is likely to place an offer to acquire its Indian peer…
Coincheck’s heist earlier this year saw Japan becoming the first country in the world to regulate the cryptocurrency industry. The potential acquisition of Coincheck by the Monex Group would bring it in the leagues of larger players such as Money Partners Group and the GMO Internet Inc.
While Mercari has gained traction in Japan and Britain, in the U.S. although it does not any direct competitor, it is to be seen how it will mitigate challenges from tech giants, including eBay Inc and Amazon.com who dominate the e-commerce market. Riding on the success of a recent funding round which boosted its market…
The music streaming giant will use Citadel Securities, as a market maker, and Morgan Stanley to set its opening price on the NYSE on Tuesday. The New York Stock Exchange has set the reference price for Spotify Technology SA’s shares at $132. Its shares are expected to start trading on Tuesday. Incidentally, Spotify is pursuing…
Softbank Group has spread its investment across major players in India’s burgeoning e-commerce market, including in home-grown Flipkart, Snapdeal and Paytm E-Commerce. As per a regulatory filing, as part of a funding round that values India’s Paytm E-Commerce Pvt. Ltd at $1.9 billion, Japan’s SoftBank Group will invest $400 million with exsiting investor Alibaba also…
With Apple distancing itself from Intel chips marks a significant shift for its Mac lineup. The strategic initiative should be seen in the light of Apple designing its processors for the iPhone 4 in 2010 and has steadily increased the number of chip it handles directly. In a strategic initiative, code-named Kalamata, aimed at backward…
The dependency of the world on oil and coal – which are considered to be the main sources for emission of green-house gases is slowly going down in the opinion of the World Bank. “The model has been coal plus renewables, the model can be gas plus renewables. I think 10, 12 years from now,…
