SEBA Crypto AG aims to be the bridge between new age financial instruments and traditional institutions. It wants to build a bank that will offer cryptocurrency services to companies and investors while at the same time extend traditional banking services to firms. In an interesting development, SEBA Crypto AG, a Swiss startup, has raised $103…
The strategic acquisition has multiple sweet spots: not only it places Wal-Mart on a better footing in its competition with its peer – Amazon.com Inc, it will also provide Wal-Mart crucial learning experience which it can use in other markets. In a move that will enable Walmart Inc to increase its footprint in Chile and…
The expansion comes midst increased demand for cloud and mobile computing and e-commerce from countries across Asia. On Thursday, Facebook disclosed it would sink in more than $1 billion in its first data center in Asia which will be located in Singapore. It is slated to open in 2022. Facebook’s data center will be located…
Backed by financial firms and wealthy individuals, venture capital funds have already partially replaced the role played by retail investors, thus cementing the role played by blockchain technology and cryptocurrencies in the coming future. On Friday, Singapore-based Golden Gate Ventures, a venture capital firm, stated it will launch a $10 million fund, called LuneX Ventures,…
Technological areas in which Samsung Group will invest include, AI, bio-pharma, 5G and electronic components for next gen automobiles. On Wednesday, Samsung Electronics, a unit of the South Korean conglomerate Samsung Group stated, over the next three years it plans on investing up to $22 billion (25 trillion won) in artificial intelligence, electronic components for…
LG is bent on migrating towards making next-generation OLED panels and has slashed investments in its LCD business, which incidentally accounts for nearly 90% of its revenues. South Korea’s LG Display Co Ltd, a key supplier of panels for Apple, posted its second consecutive loss citing poor panel prices while slashing its investment plans by…
Citi’s digital gamble will have to be weighed against customer preferences of wanting to walk into a brick-and-mortar branch and interact with an actual human being regarding their investments. The bank is short on deposits and is betting on its tech know-how to bridge the deposit gap with its peers. Citigroup Inc, part of the…
Trump’s solar tariffs are likely to impose a high cost on the U.S. economy in the short term. In the long run, job creation is likely to be minimal since plants are increasingly moving towards automation. With U.S. President Donald Trump imposing stiff tariffs on solar panels, U.S. renewable energy companies have had to either…
The development is the first such investment by a U.S. automaker in the Central American country. As per a statement from the Honduran government, Green4U Technologies, a U.S. electric auto maker has signed a memorandum of understanding (MOU) with the Honduran government which stated that it will build an assembly plant in Honduras. This will…
The U.S. Administration is increasingly boosting efforts to tilt, what has so far been so far in recent history, a one-sided affair, of collaboration and forced technology transfer from the U.S. to China. Beijing’s Made in China 2025 industrial policy has opened the administration’s eye to China’s furtive motives of leveraging the dual benefits of…
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