Weighed down by cyber heists, insurers are gingerly tip toeing around the bitcoin business. Despite daunting challenges and the volcanic volatility of cryptocurrencies, global insurers, including Mitsui Sumitomo Insurance, XL Catlin and Chubb, are increasingly being drawn against swinging prices of cryptocurrencies and are starting to offer protection against thefts. Although, so far, their efforts…
Holding a dominant market share in India’s fierce ride-hailing market, Ola plans on launching itself in Australia by inviting driving partners and private vehicle owners in the cities of Perth, Melbourne and Sydney. On Tuesday, Ola, an Indian ride-hailing company announced plans on entering the Australian market intensifying its effort to win market share embattled…
Gartner and SK Hynix have reported that demand for NAND memory chips are set to rise in 2018. South Korean memory giant, SK Hynix, has reported a record surge in its fourth quarter profits, easing market concerns of a decline in memory chips demand. With the news reaching the market, shares of SK Hynix rose…
Although it lags slightly behind its peer, Boeing, citing its record backlog, Airbus sees itself delivering more planes than its rival in 2020. On Monday, Airbus stated it is just three years away from gaining a leadership role in the commercial aircraft market by producing more aircrafts than its peer Boeing. Having disclosed the number…
By expanding its partnerships with companies involved across the supply chain of the self-driving car market, Nvidia is rapidly expanding its footprint in this emerging segment. Aimed at increasing its footprint in the emerging autonomous vehicle industry, Nvidia Corp stated it will partner with Volkswagen AG and Uber Technologies Inc to bring about further gains…
Shares of AMS, a chipmaker appreciated by 206% in 2017. On Friday, European stocks steadied their footings and were set to post their strongest gains since 2013 buoyed by surging tech stocks as well as a robust resources sector. Although the eurozone blue chip stocks dropped by 0.1%, the pan-European STOXX 600 index remained flat,…
The South Korean giant plans on shifting over the bulk of its chip production to this new 10-nanometre class in 2018 that is widely expected to be adopted in high data crunching areas including cloud computing, high-end smartphones, and GPUs. On Wednesday, in a development that widens Samsung Electronics Co’s technical lead over its peers,…
The deal has the potential to increase its foothold in the region, home to 600 million people, and enable it to catch up with its regional rival Grab, which has its own e-wallet service. In a joint statement, Uber Technologies and Vietnamese financial technology firm MoMo stated that they have signed a strategic deal which…
ABB sees a yearly potential for cost synergies of $200 million arising as a result of this acquisition. On Monday, Swiss engineering giant ABB stated it will be acquiring General Electric’s Industrial Solutions for $2.6 billion. The deal is help expand its footprint in the North American market. As a result of the deal, Zurich-based…
Having completed the $2.2 billion acquisition of Opel and Vauxhall earlier this year, the PSA Group, like its peers, is now focusing on launching Evs in the market. As per PSA Group’s Chief executive, Carlos Tavares, although the company will support Opel’s introduction of electric cars into the market, he has highlighted the need for…
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