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JD.com Sets A Fundraising Target Of $2 Billion For Logistics Unit
JD.com, the second-largest online retailer in China, has launched a fundraising round for its logistics unit. The e-commerce giant aims to raise a minimum of $2 billion. According to sources the Chinese online retail giant intends... More of this article »
Google To Take New Look’s Lease In London’s High Street
Alphabet has been assigned the lease for the planned London headquarters of U.K. retailer, New Look Retail Group. The value fashion firm which is part-owned by Christo Wiese, a South African billionaire, had planned to take occupation... More of this article »
Oil Heist Uncovered In Singapore At Shell’s Largest Refinery
Investigations are underway involving an oil heist at the biggest refinery of Royal Dutch Shell in Singapore. So far eleven men have been charged in court while six others were being investigated over the theft that took place over... More of this article »
UnitedHealth Group Makes An Offer To Buy South American Health Firm Banmedica
UnitedHealth Group has announced that it is launching an offer to purchase Empresas Banmedica SA, an insurer and health-care provider based in Chile, South America, at a price of approximately $2.74 billion. This is part of the group’s... More of this article »
Taiwan Semiconductor Manufacturing Company To Produce Qualcomm’s Next-Gen Chip
Reports indicate that Qualcomm’s Snapdragon 855 chip will be produced by TSMC – Taiwan Semiconductor Manufacturing Company. According to the reports the next-generation mobile processor from Qualcomm will be produced on a mass... More of this article »
Kuwait Inks Natural-Gas Importation Agreement With Royal Dutch Shell
Kuwait Petroleum Corporation and Royal Dutch Shell have signed a 15-year deal to import natural gas in order to meet the growing domestic energy needs of the oil-exporting country. The sales purchasing deal was inked with a subsidiary... More of this article »
Target To Acquire Shipt In A Bid To Better Compete With Amazon
Reports indicate that Target is set to purchase Shipt, an app-based delivery service, at a price of $550 million. The deal is expected to place Target in a better position to compete with Amazon. It also caps of a year where traditional... More of this article »
Cafeteria Workers At Yahoo’s Sunnyvale Campus Vote To Unionize
A vote was taken this week by 118 cafeteria workers stationed at Verizon-owned Yahoo allowing them to unionize. According to the union that will be representing the cafeteria workers, the move will place the workers in a better position... More of this article »
Walt Disney Acquires 21st Century Fox’s Entertainment Assets As It Eyes Streaming
The deal by Walt Disney to acquire the entertainment assets of 21st Century Fox values the Rupert Murdoch media empire at approximately $75 billion or more than $40 a share. Among the entertainment assets that Disney will acquire from... More of this article »
Google And Microsoft Not Happy With Broadcom’s Intended Acquisition Of Qualcomm
Reports indicate that Google and Microsoft have expressed concerns over Broadcom’s bid to acquire Qualcomm. According to sources the two tech giants are concerned that the deal would give Apple undue influence. Additionally Google... More of this article »
Microsoft’s Share In Education Market Growing At Google’s Expense
While Google’s Chromebook still leads in the education market in the United States, Microsoft is gaining ground internationally. Consultancy and research firm Futuresource Consulting found that in the third quarter the demand for... More of this article »
Ruling Allows Luxury Brands To Block Selling On Amazon
The CJEU (Court of Justice of the European Union) has delivered a ruling to the effect that brands in the luxury category are allowed to block the selling of their products by distributors via third-party online platforms including... More of this article »
Microsoft In Plans To Overhaul Its Campus To Align With Trends
The Redmond, Washington-based software maker Microsoft is planning on constructing 18 buildings which will house an additional 8,000 workers. This will be at its current Redmond headquarters which has been Microsoft’s home for over... More of this article »
Apple Files Countersuit Against Qualcomm As Patent Feud Rages
A countersuit has been filed by Apple accusing Qualcomm of patent-infringement. Per the countersuit Apple alleges that the Snapdragon chips that Qualcomm makes, and which are mostly used in mobile devices running on the Android operating... More of this article »
Snapchat Unveils A Redesigned App As Promised Earlier By CEO
Snapchat has redesigned its app with a view to luring more advertisers and users and hopefully revive revenue. Following three quarters since going public in which sales have been disappointing, the disappearing-message firm said that... More of this article »
Google To Move Into New Offices In Downtown Detroit
Executives of Google as well as officials of real estate firm Ilitch Holdings have announced that the online search giant has leased new office space in downtown Detroit. The new office in a planned residential, office and retail development... More of this article »
Honda To Reach Out To Vehicle Owners Affected By Takata Recall Via Facebook
A couple of years after government officials in the United States waded into the Takata airbag recall saga where millions of vehicles were affected, there is a significant number of cars that are yet to be repaired. Japanese auto manufacturer... More of this article »
Baidu Likely To Become Global Market Leader In Driverless Cars
Due to heavy state support, commercial partnerships and algorithms Chinese online search giant Baidu could end up being the dominant force in the autonomous car sector beating American firms such as Google, Tesla and Uber according... More of this article »
Ford Introduces Hybrid Sedan For Public Service Employees
Automaker Ford has unveiled a plug-in hybrid vehicle which has a capacity to travel approximately 21 miles on one charge. The hybrid sedan is aimed at fire chiefs, detectives, police and other public service employees. To charge the... More of this article »
ExxonMobil And Partners To Raise Capacity At Abu Dhabi’s Upper Zakum Field
Inpex Corp of Japan, Abu Dhabi National Oil and ExxonMobil have reached an agreement aimed at increasing the output capacity of an oil field in Upper Zakum to reach a level of one million barrels a day by 2024. According to a statement... More of this article »
Amazon To Sell Its Chinese Cloud Computing Physical Infrastructure
Online retail giant Amazon has disclosed that it is disposing of hardware belonging to its Chinese public cloud business. This comes amidst the tightening of online data regulations in the second biggest economy in the world. Amazon’s... More of this article »
Global Operations Of Wells Fargo Now Exclusively Powered By Green Energy
U.S. lender Wells Fargo has disclosed that all its electricity consumption globally will be from renewable energy sources this year. The lender had earlier committed to purchasing renewable energy with a view to having all its global... More of this article »
Shell To Exit Iraq’s Majnoon Oilfield And Hand Over Operations By Mid-2018
Royal Dutch Shell has committed to exiting the Majnoon oilfield in Iraq before July next year. Operation of the oilfield will be handed over to Basra Oil Co, a state-run corporation. In a letter which was signed by Jabar Luaibi, the... More of this article »
ExxonMobil And Singapore Universities To Jointly Open An Energy Center
ExxonMobil has announced that it is forming a partnerships with two universities in Singapore with a view to opening a Singapore Energy Center less than two years from now. The focus of the facility will be new discoveries as well... More of this article »
BP And Shell Among Firms Backing Energy Trading Platform Based On Blockchain
A consortium of energy firms that includes Royal Dutch Shell and BP has been formed with a view to developing a digital platform based on blockchain to be used in trading energy commodities. The platform is expected to be unveiled... More of this article »
Prices Of Homes In The United States Went Up As Sales Fell
The prices of homes in the United States increased sharply in the month of August and this is discouraging potential buyers and thereby leading to a slowdown in sales. According to the S&P home price index, the prices of homes... More of this article »
Portugal Setting Up Special Zones For Testing Of New Technologies
Portugal is considering a plan of setting up ‘free zones’ which will be governed by special regulations for the testing of emerging technologies such autonomous cars and drones. This is with the aim of spurring the development... More of this article »
iPhone X Expected To Be In Limited Supply Over Production Constraints
Reports indicate that the production goals of the iPhone X will be missed by close to 50% this year. According to Nikkei, a news agency based in Japan, shipments of the iPhone X are initially expected to be 20 million units. That is... More of this article »
Ford’s New CEO Shakes Up His Leadership Team
Ford has carried out an executive shakeup which has seen the exit of some senior executives as the new chief executive officer of the carmaker, Jim Hackett, puts together his leadership team. Among those who have left the company includes... More of this article »
Citigroup To Hire Bankers As It Returns To Saudi Arabia
About 20 bankers are set to be recruited by Citigroup in Saudi Arabia after the bank received a license to operate in the Kingdom earlier in the year. Citigroup intends to begin operations before the year ends. The American lender... More of this article »
Vivo Energy Investments B.V Sets Eyes On Africa With $3 Billion IPO
Vivo Energy Investments B.V has reportedly engaged the services of investment banks as it eyes an initial public offering to strengthen its operations in Africa. According to people familiar with the matter, the offering will value... More of this article »
ExxonMobil Enhances Polyethylene Production Capacity With New Lines
Two polyethylene lines located at ExxonMobil Chemical Company’s plastics plant have been opened. This is in Mont Belvieu, Texas. The capacity of each of the polyethylene lines is 650,000 tons a year translating to approximately 1.3... More of this article »
Russian And Crimean Entities Bought Microsoft Software Despite Sanctions
According to official documents state entities in Crimea and Russia had acquired software developed by Microsoft despite the fact that there are sanctions barring U.S. firms from conducting business with them. The revelations are proof... More of this article »
Facebook Sets Off On A Mission For 1 Billion VR Users Through Its Upcoming Oculus Go VR Headset
Facebook has announced that it plans to launch a new virtual reality headset called the Oculus Go VR through which it plans to achieve its target of 1 billion VR users. The social media giant’s CEO Mark Zuckerberg announced the upcoming... More of this article »
Qualcomm Slapped With Huge Antitrust Violation Fine In Taiwan
U.S-based chip manufacturer Qualcomm has found itself in a conundrum after it was fined $774 million by Taiwan for violating antitrust regulations. The Taiwan Fair Trade Commission announced on Wednesday that it would impose a $774.14... More of this article »
Walmart To Speed Up Returns With A Mobile App And An Express Lane
Walmart has indicated that it is taking steps to simplify the process by which customers return merchandise they bought online to brick and mortar stores. While making returns currently takes around five minutes the retail giants wants... More of this article »
Microsoft And General Electric In Wind Energy Initiative In Ireland
Microsoft has revealed that it has acquired all the electricity which will be generated by General Electric at the Tullahenel wind farm located in Ireland for the coming 15 years. About 37 megawatts (MW) of energy will be produced... More of this article »
Oracle Enterprise Software To Be Integrated With Slack Messaging App
Slack Technologies and Oracle have inked a partnership which will see the software products of the latter integrated into the workplace messaging app. The partnership will count as a win for Slack as the startup continues to seek for... More of this article »
A Fifth Of Domino’s 1-Click Orders Are Powered By Alexa
In the United Kingdom 20% of Domino’s customers are placing voice-command orders using the virtual voice assistant of Amazon, Alexa, rather than the pizza chain’s own Easy Order option. The Alexa feature was announced by Domino’s... More of this article »
Alibaba Increases Its Stake In Logistics Firm Cainiao
Chinese online retail giant Alibaba will be investing an extra $807 million in logistics company Cainiao. This has raised Alibaba’s stake in the logistics firm to a controlling one and this will result in the e-commerce giant having... More of this article »
Facebook’s Zuckerberg Was Warned By Obama On Information Warfare
Reports indicate that former U.S. president Barack Obama urged the chief executive officer of Facebook, Mark Zuckerberg, to take the threat posed by political disinformation and fake news then prevalent on the social media platform... More of this article »
Accenture To Open An Innovation Center In Atlanta
Global consulting firm Accenture has revealed that it will be opening a new innovation center in 2018 which will be located in Midtown, Atlanta. The innovation center is expected to create approximately 800 technology jobs by 2020... More of this article »
Comedy Central Will Discontinue Snapchat Discover Channel In Coming Days
The partnership between Snapchat and Comedy Central will come to an end later this month. Comedy Central had been producing customized content for Snapchat Discover Channel on a daily basis but this contract will now not be renewed.... More of this article »
Facebook Turns In Information On Russia Ad Buys To Special Counsel
Reports indicate that social networking giant Facebook has handed over information on Russia ad spending to Robert Mueller’s team. Mueller is the Special Counsel investigating Russian interference in the 2016 U.S. presidential election... More of this article »
Target To Hire 100,000 Workers for 2017 Holiday Season
The US economy might be in a bit of a slow, stagnant recovery right now but that doesn’t mean your holidays have to follow suit. If you have been looking for a job—especially for any uncertain length of time—you are probably... More of this article »
Petrobras And Shell Ink Partnership To Develop Pre-Salt Fields
Royal Dutch Shell has announced that it has inked a partnership with Petrobras where the two firms will partner in the development of pre-salt fields located in Brazil. The MoU signed between the two oil companies will see them share... More of this article »
Short Viral Clips Most Popular With Facebook Watch Audiences
Though Facebook has budgeted huge amounts to get original video content on its platform, it is the short viral clips that are proving popular among users. This comes about two weeks after Facebook Watch was launched with original content... More of this article »
KFC Outlet In China Tries Out Alibaba’s ‘Smile To Pay’ Technology
Customers in Hangzhou’s KFC outlet will soon be able to able to pay for food and drinks using technology that only requires them to smile. The facial recognition system known as ‘Smile to Pay’ is part of a Yum China Holdings... More of this article »