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Netflix Still In The Lead As Rivals Play Catchup

Netflix Still In The Lead As Rivals Play Catchup

With a content budget of approximately $6 billion and over 100 million subscribers, Netflix has clearly emerged as the leader in the online video streaming sector. However other players including Hulu and Amazon have made major inroads... 
Iraq And Exxon Mobil Yet To Reach Agreement On Southern Oilfields

Iraq And Exxon Mobil Yet To Reach Agreement On Southern Oilfields

The Iraqi Oil Minister has disclosed that an agreement is yet to be reached with oil major Exxon Mobil with regards to a couple of southern oilfields. According to Jabar al-Luaibi, the Iraqi Oil Minister, if an agreement is not reached... 
Amazon To Purchase Maker Of Connected Home Security Cameras

Amazon To Purchase Maker Of Connected Home Security Cameras

Online retail giant Amazon has announced that it is acquiring Blink, a maker of internet-connected household doorbells security cameras based in Andover, Massachusetts. Neither Blink nor Amazon disclosed the financial terms of the... 
Pfizer’s Xeljanz Gets Approval From The FDA For A Second Indication

Pfizer’s Xeljanz Gets Approval From The FDA For A Second Indication

The U.S. Food and Drug Administration has announced that its Xeljanz drug has been approved to treat patients suffering from active psoriatic arthritis. In the U.S. Xeljanz is used in the treatment of patients suffering from rheumatoid... 
Tencent To Acquire A 5% Interest In Yonghui Superstores

Tencent To Acquire A 5% Interest In Yonghui Superstores

Reports indicate that Tencent is set to a purchase a stake in Yonghui Superstores, a Chinese supermarket chain at a price of $638 million. An exchange filing by Yonghui revealed that the stake Tencent is acquiring is about 5%. With... 
AT&T And DoJ Tried Negotiations But Talks Flopped Leading To Suit

AT&T And DoJ Tried Negotiations But Talks Flopped Leading To Suit

A court filing has revealed that unsuccessful settlement talks were held between telecommunications giant AT&T and the U.S. Justice department over the bid by the former to acquire Time Warner. According to the filing the two parties... 
Walmart, IBM, JD.com In Blockchain Alliance Aimed At Fostering Food Safety

Walmart, IBM, JD.com In Blockchain Alliance Aimed At Fostering Food Safety

Walmart, IBM, JD.com as well as Tsinghua University National Engineering Laboratory have announced a collaboration in a Blockchain Food Safety Alliance which is aimed at promoting greater transparency in China’s food supply chain... 
Ericsson Picked By Verizon Communications As A 5G Partner

Ericsson Picked By Verizon Communications As A 5G Partner

Verizon Communications has picked Ericsson to supply networking gear for the telecommunications giant’s commercial launch of 5G. The leading mobile carrier in the United States is expected to unveil pre-standard 5G in 2018’s second... 
Bob Iger’s Contract Could Be Extended If Disney Acquires Fox’s Assets

Bob Iger’s Contract Could Be Extended If Disney Acquires Fox’s Assets

Reports indicate that the exit of longtime chief executive officer and chairman of Walt Disney, Bob Iger, could be delayed once again if the media conglomerate goes on to acquire some of 21st Century Fox’s assets. According to sources... 
ExxonMobil Inks Production Contractions With Mauritania

ExxonMobil Inks Production Contractions With Mauritania

Production sharing contracts have been inked between Production Mauritania Deepwater, ExxonMobil Exploration (a wholly owned affiliate of ExxonMobil Corporation) and the Mauritanian government with relation to the C14, C17 and C22... 
ESPN To Cut Another 150 Behind-The-Scenes Jobs 

ESPN To Cut Another 150 Behind-The-Scenes Jobs 

Walt Disney-owned sports broadcaster ESPN has announced that another round of job cuts is imminent with 150 employees expected to lose their jobs. According to the president of the sports broadcaster, John Skipper, the roles that are... 
Automation Could Lead To Massive Loss Of Jobs By 2030

Automation Could Lead To Massive Loss Of Jobs By 2030

A new study predicts that globally between 0.4 billion and 0.8 billion people could lose their jobs to automation between now and the year 2030. According to McKinsey & Company, a consulting firm, between 3% and 14% of workers... 
Nokia Denies It Intends To Acquire Juniper Networks

Nokia Denies It Intends To Acquire Juniper Networks

Finnish tech giant Nokia has denied reports which indicated that it was engaged in talks aimed at acquiring Juniper Networks, a maker of network gear based in the United States. Earlier in the week it had been reported that Nokia was... 
Number Of China Mobile’s 4G Subscribers To Surpass 0.7 billion In 2018

Number Of China Mobile’s 4G Subscribers To Surpass 0.7 billion In 2018

China Mobile has announced that it expects the number of 4G customers to surpass 700 million next year from the current number of 625 million. With regards to broadband users China Mobile expects the number of household broadband users... 
High-Interest Consumer Loans Banned On Alibaba’s Alipay Platform

High-Interest Consumer Loans Banned On Alibaba’s Alipay Platform

A ban has been placed by Alibaba on consumer-loan products which charge yearly interests that are above 24% and which are offered on the online retail giant’s Alipay platform. This comes amidst increased scrutiny from the Chinese... 
Amazon Trials Australian Launch Following Months Of Hype

Amazon Trials Australian Launch Following Months Of Hype

Online retail giant Amazon started an order-taking trial suggesting that it was about to enter the Australian market. The trial begun on Thursday with the search box of Amazon’s Australian website automatically filling in names of... 
Chevron Corporation in JV Deal With Nigerian National Petroleum Corporation

Chevron Corporation in JV Deal With Nigerian National Petroleum Corporation

Chevron and Nigerian National Petroleum Corporation have inked a joint venture deal worth approximately $1.7 billion. About 92% of the joint venture project is almost complete. Financed in two phases, third parties have provided funding... 
Apple Retakes Lead In Wearables Market In The Third Quarter

Apple Retakes Lead In Wearables Market In The Third Quarter

Apple has retaken back the lead in wearables following the release of its LTE-enabled smartwatch. In the third quarter the Cupertino, California-based tech giant managed to ship smartwatches numbering approximately 3.9 million units... 
Wells Fargo Lays Off Employees At Card-Processing Venture

Wells Fargo Lays Off Employees At Card-Processing Venture

The debit and credit card processing venture of Wells Fargo is undergoing restructuring and this has led to the laying off of around 50 employees. According to the lender the move is aimed at aligning the workforce with current business... 
Broadcom’s Acquisition Bid To Be Rebuffed By Qualcomm

Broadcom’s Acquisition Bid To Be Rebuffed By Qualcomm

Sources indicate that chipmaker Qualcomm intends to reject a takeover bid by Broadcom this week, a move that is likely to ignite a dramatic acquisition battle. The board of directors of Qualcomm were expected to meet on Sunday with... 
Amazon Alexa Is Dominating In The Smart Homes Space

Amazon Alexa Is Dominating In The Smart Homes Space

A combination of Amazon Prime and Alexa is turning out to be the connected household’s leading ecosystem. So far Alexa has garnered more than 25,000 skills and this has resulted in usage increasing by five times in the last one year.... 
Google And Salesforce Form Partnership As They Seek Expansion

Google And Salesforce Form Partnership As They Seek Expansion

Google and Salesforce have formed an alliance which will see the two tech companies integrate their cloud-computing services and software solutions. Google Analytic services will for instance be integrated into the marketing software... 
iPhone X To Be Made Available In 14 More Countries Later This Month

iPhone X To Be Made Available In 14 More Countries Later This Month

Apple has entered the second phase with regards to the launch of the iPhone X and is now making it available in 14 additional countries. On November 23, the iPhone X will hit the stores in Israel and then on November 24, sale of the... 
Microsoft And Porsche Invest In A 3D-Printing Startup

Microsoft And Porsche Invest In A 3D-Printing Startup

A 3D printing startup known as Markforged has attracted an investment of $30 million from German car manufacturer Porsche as well as Siemens’ and Microsoft’s venture capital arms. This comes at a time when the initial excitement... 
Saudi Arabia’s Sovereign Wealth Fund Hires BofA Banker

Saudi Arabia’s Sovereign Wealth Fund Hires BofA Banker

Alireza Zaimi, a financier based in London is set to be appointed by Saudi Arabia to a high-ranking management post at the country’s sovereign wealth fund. This comes at a time when the Middle Eastern country is hiring foreign expertise... 
General Electric’s Predix And Microsoft’s Azure To Ink Partnership

General Electric’s Predix And Microsoft’s Azure To Ink Partnership

Software giant Microsoft and industrial conglomerate General Electric are expected to announce the formation of a partnership involving the Azure cloud platform and Predix industrial software. According to GE Digital’s chief executive... 
Wyevale Gardens Centres To Upgrade To Oracle Retail Stores Suite

Wyevale Gardens Centres To Upgrade To Oracle Retail Stores Suite

Wyevale Garden Centers, a retail chain operating in Wales and England, will invest in Oracle’s Retail Stores Suite as the brand moves from the Retail J solution developed by Micros. “Oracle Retail Xstore Point-of-Service will... 
Alibaba Announces Plans For Car-Vending Machines

Alibaba Announces Plans For Car-Vending Machines

Tmall, Alibaba’s business-to-consumer platform, has announced a plan that will see cars sold through vending machines. Buyers who have had their credit approved will be able to use their mobile phones to browse cars kept in a warehouse... 
LG And Qualcomm In Driverless Car Research And Development Partnership

LG And Qualcomm In Driverless Car Research And Development Partnership

South Korean firm LG Electronics has announced that it is partnering with Qualcomm in efforts to research and develop driverless car technologies jointly. Consequently the two companies have set up a research and development center... 
Nokia And Amazon Web Services Announce Strategic Collaboration

Nokia And Amazon Web Services Announce Strategic Collaboration

Amazon Web Services and Nokia have announced that they will partner in trying to increase coverage with regards to the cloud, Internet of Things and 5G. The partnership will take advantage of the work Nokia has done in 5G, wired and... 
Facebook Acquires Teen Mobile App TBH For Under $100 Million

Facebook Acquires Teen Mobile App TBH For Under $100 Million

Facebook announced early in the week that it had acquired TBH. This is a mobile app targeted at students in high school as well as in college. The app conducts anonymous polling and lets users compliment each other anonymously. Currently,... 
GKN And GE Additive To Collaborate In Additive Manufacturing

GKN And GE Additive To Collaborate In Additive Manufacturing

Global engineering group GKN has signed an MoU with Arcam AB, Concept Laser and GE Additive with a view to collaborating on additive manufacturing. Under the agreement additive services and machines will be provided to GKN. GE Additive... 
Uber In More Legal Trouble As Probes Increase

Uber In More Legal Trouble As Probes Increase

Reports indicate that the U.S. Department of Justice is investigating Uber in five criminal probes. One of the probes involves a violation of price-transparency by the ride-hailing firm. Officials at the Department of Justice are also... 
Major U.S. Corporation Seek Supreme Court Direction On The Rights Of Gay Workers

Major U.S. Corporation Seek Supreme Court Direction On The Rights Of Gay Workers

Dozens of companies based in the United States have asked the country’s Supreme Court to shed light on whether the law that bans workplace sex discrimination offers protections to employees who are gay. The companies which include... 
Oracle NetSuite’s Operations In The Middle East Expanded

Oracle NetSuite’s Operations In The Middle East Expanded

Oracle NetSuite has announced an expansion of its Middle East operations in order to meet an increasing cloud ERP demand in the region. As a result a sales team has been added which has come complete with new leadership. Additionally... 
To Offer Internet-Only Service In New Markets

To Offer Internet-Only Service In New Markets

Google Fiber has disclosed that its expansion into new markets including San Antonio, Texas and Louisville, Kentucky will only include an internet connection and that there will be no television package or DVR offered. According to... 
Amazon Eyeing Physical Stores In France

Amazon Eyeing Physical Stores In France

According to Le Monde, a French publication, Amazon is looking for 15 locations in France with a view to setting up stores in the coming two years. Amazon is said to be especially interested in store locations in the French capital,... 
Investors In Mobike And Ofo In Merger Discussions

Investors In Mobike And Ofo In Merger Discussions

Reports indicate that investors in Ofo and Mobike are engaged in discussions aimed at pushing for a merger between the two of the biggest bike-sharing firms in China. This will put an end to the costly competitive battles between the... 
Jet To Launch Private-Label Brands As Competition Heats Up

Jet To Launch Private-Label Brands As Competition Heats Up

Plans are underway for Walmart-owned Jet.com online retailer to begin selling apparel from acquisitions that the offline retail giant has made in the last 12 months. According to sources clothes from Bonobos and ModCloth will be made... 
Alibaba Acquires Stake In Chinese Offline Retailer

Alibaba Acquires Stake In Chinese Offline Retailer

Chinese online retail giant Alibaba has purchased a 10% stake in supermarket operator New Huadu Supercenter. The supermarket operator has outlets in southern China’s Fujian province. Though the amount Alibaba invested in the supermarket... 
Uber To Quit Quebec If New Proposed Rules Are Not Dropped

Uber To Quit Quebec If New Proposed Rules Are Not Dropped

Ride-hailing firm Uber has announced that it will cease its operations in Quebec, Canada in order to avoid tough new regulations which were introduced last week. The new regulations that were unveiled by the Quebec provincial government... 
Microsoft Ups The Stakes In The Cloud Computing Wars

Microsoft Ups The Stakes In The Cloud Computing Wars

Microsoft is expected to use its Ignite event to be held in Orlando, Florida to unveil new technology for use in cloud computing that will assist the software giant in its battle for market share with Amazon Web Services. Among the... 
The API Automation Portal Of DreamFactory Is Now On Oracle Cloud

The API Automation Portal Of DreamFactory Is Now On Oracle Cloud

DreamFactory’s API Automation Portal has been made available on Oracle Cloud. The API Automation Portal is a means through which API gateways can be auto-generated for data integration and connectivity. Previously the API automation... 
Former CDC Head Announces New $225 Million Global Health Initiative

Former CDC Head Announces New $225 Million Global Health Initiative

Tom Frieden may no longer be the director of the United States Centers for Disease Control and Prevention but that was not the end of his commitment to a healthier world. Indeed, the former CDC head has launched new initiative to address... 
HP In Efforts To Promote Education In Third World

HP In Efforts To Promote Education In Third World

HP has unveiled HP School Cloud with the aim of offering access to apps and educational materials to students, adult learners and teachers in poor and rural communities across the globe. Being a hybrid cloud appliance, HP School Cloud... 
America Movil To Venture Into Argentina’s Pay Television Market

America Movil To Venture Into Argentina’s Pay Television Market

America Movil, Mexico’s telecommunications giant, recently got the regulatory approval of ENACOM – National Communications Agency of Argentina to start pay television operations in the South American country. Already, America... 
JD.Com Poaches Cloud Executive From Microsoft

JD.Com Poaches Cloud Executive From Microsoft

JD.com has poached Samuel Shen, a high-ranking cloud computing executive from Microsoft as the Chinese online retailer seeks to grow its cloud computing business. Shen has worked at Microsoft for over two decades and his last position... 
AT&T To Offer Free HBO To More Of Its Subscribers As Competition Heats Up

AT&T To Offer Free HBO To More Of Its Subscribers As Competition Heats Up

AT&T has announced that it is offering a free subscription to HBO to more wireless customers. Beginning Friday AT&T customers who are subscribed to the midmarket Unlimited Choice plan will receive HBO at no extra cost. Earlier... 
Alibaba In Deal To Allow Mexican Businesses Sell On Its e-Commerce Platform

Alibaba In Deal To Allow Mexican Businesses Sell On Its e-Commerce Platform

The Mexican government and Alibaba have signed a deal which will see products from Mexico being sold online to Chinese consumers. The e-commerce partnership was signed by the chairman of Alibaba, Jack Ma, and the president of Mexico,... 
Raycom Media And AT&T Extend Contract Temporarily

Raycom Media And AT&T Extend Contract Temporarily

Raycom Media and DirecTV have agreed to temporarily extend their current deal in order to prevent 54 stations belonging to Raycom from being blacked out on the satellite television platform. The extension of the deal will also offer...