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Goldman Sachs Discussing With Apple Possibility Financing Device Purchases

Goldman Sachs Discussing With Apple Possibility Financing Device Purchases

Posted by on Feb 10th, 2018

Reports indicate that discussions are taking place between Apple and Goldman Sachs Group with a view to having the latter offering loans to consumers to buy the former’s devices such as iPhones, iPads, watches as well as other gadgets.... 
Boeing Lands $6.6 Billion Missile Defense Agency Contract

Boeing Lands $6.6 Billion Missile Defense Agency Contract

Posted by on Feb 8th, 2018

Missile Defense Agency has awarded Boeing a $6.6 billion contract to supply 20 Ground-Based Interceptors, build a silo and to maintain the GMD – Ground-based Midcourse Defense System. In the event of exercising all options, the total... 
Orange Deploys Network Services Orchestrator Of Cisco

Orange Deploys Network Services Orchestrator Of Cisco

Posted by on Feb 6th, 2018

Telecommunications giant Orange is deploying the Network Services Orchestrator of Cisco with a view to improving the speed at which services are delivered across its footprint. According to Cisco, there are significant challenges that... 
Verizon Abandons Plans For Direct Sales Of Huawei Handsets

Verizon Abandons Plans For Direct Sales Of Huawei Handsets

Posted by on Feb 1st, 2018

Reports indicate that Verizon has cancelled plans to sell mobile devices made by Huawei Technologies, a Chinese firm. This will include the new Huawei Mate 10 Pro and the move comes following pressure from the United States’ government.... 
Intel, Huawei And Deutsche Telecom Successfully Conducts 5G Network Tests

Intel, Huawei And Deutsche Telecom Successfully Conducts 5G Network Tests

Posted by on Jan 29th, 2018

The over-the-air test conducted by Huawei, Deutsche Telecom and Intel to showcase 5G interoperability has emerged as the first successful one in the world. Intel’s 5G NR Mobile Trial platform and the 53 base station of Huawei was... 
High-Speed Internet Rolled Out To Tennessee Communities By AT&T

High-Speed Internet Rolled Out To Tennessee Communities By AT&T

Posted by on Jan 24th, 2018

Internet access in the state of Tennessee has been expanded by telecommunications giant AT&T with a view to providing better services to people living in both urban and rural areas. This is part of the FCC Connect America Fund... 
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

Posted by on Jan 20th, 2018

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... 
Shell Approves First North Sea Project In Six Years

Shell Approves First North Sea Project In Six Years

Posted by on Jan 18th, 2018

A North Sea development has been approved by Royal Dutch Shell, the first in a period of over six years. According to Shell the Penguins field will be redeveloped in partnership with ExxonMobil with costs estimated to exceed $1 billion.... 
Tencent And Apple Reach Deal On Tipping

Tencent And Apple Reach Deal On Tipping

Posted by on Jan 16th, 2018

Tencent and Apple have reached a deal which will see the resumption of tipping to content creators and video-streaming stars by users of WeChat, the former’s messaging app. The tipping feature was suspended in 2017 following a dispute... 
New Hema Stores To Be Opened By Alibaba In Beijing

New Hema Stores To Be Opened By Alibaba In Beijing

Posted by on Jan 13th, 2018

Chinese online retail giant Alibaba gas has indicated that it will accelerate its push into offline retail by adding 30 new brick-and-mortar retail outlets in Beijing. The retail outlets will fall under Alibaba’s Hema brand name.... 
BP To Write Down $1.5 Billion After U.S. Tax Reforms

BP To Write Down $1.5 Billion After U.S. Tax Reforms

Posted by on Jan 11th, 2018

British oil major BP has revealed that the tax reforms carried out in the United States will lead to a $1.5 billion write down. However in the long term the tax reforms will benefit the oil giant’s business in the United States.... 
Employees Of Zions Bancorporation To Get Bonuses And Higher Pay Following Tax Cuts

Employees Of Zions Bancorporation To Get Bonuses And Higher Pay Following Tax Cuts

Posted by on Jan 9th, 2018

Zions Bancorporation has disclosed that following the tax reforms that were carried out in the United States towards the end of last year, ongoing compensation for over 40% of the company’s employees would be increased starting this... 
Netflix Still In The Lead As Rivals Play Catchup

Netflix Still In The Lead As Rivals Play Catchup

Posted by on Jan 6th, 2018

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

Posted by on Jan 4th, 2018

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

Posted by on Jan 2nd, 2018

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... 
Tencent To Acquire A 5% Interest In Yonghui Superstores

Tencent To Acquire A 5% Interest In Yonghui Superstores

Posted by on Dec 29th, 2017

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

Posted by on Dec 26th, 2017

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

Posted by on Dec 23rd, 2017

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

Posted by on Dec 20th, 2017

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

Posted by on Dec 18th, 2017

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

Posted by on Dec 16th, 2017

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 

Posted by on Dec 15th, 2017

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

Posted by on Dec 13th, 2017

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

Posted by on Dec 7th, 2017

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

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

Posted by on Dec 2nd, 2017

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

Posted by on Nov 29th, 2017

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

Posted by on Nov 26th, 2017

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

Posted by on Nov 23rd, 2017

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

Posted by on Nov 20th, 2017

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... 
Amazon Alexa Is Dominating In The Smart Homes Space

Amazon Alexa Is Dominating In The Smart Homes Space

Posted by on Nov 14th, 2017

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

Posted by on Nov 12th, 2017

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

Posted by on Nov 10th, 2017

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

Posted by on Nov 8th, 2017

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

Posted by on Nov 6th, 2017

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

Posted by on Nov 4th, 2017

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

Posted by on Nov 2nd, 2017

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

Posted by on Oct 31st, 2017

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

Posted by on Oct 30th, 2017

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

Posted by on Oct 27th, 2017

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... 
GKN And GE Additive To Collaborate In Additive Manufacturing

GKN And GE Additive To Collaborate In Additive Manufacturing

Posted by on Oct 23rd, 2017

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

Posted by on Oct 21st, 2017

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

Posted by on Oct 18th, 2017

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

Posted by on Oct 15th, 2017

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... 
Investors In Mobike And Ofo In Merger Discussions

Investors In Mobike And Ofo In Merger Discussions

Posted by on Oct 9th, 2017

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

Posted by on Oct 7th, 2017

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

Posted by on Oct 5th, 2017

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

Posted by on Oct 3rd, 2017

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

Posted by on Sep 30th, 2017

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... 
America Movil To Venture Into Argentina’s Pay Television Market

America Movil To Venture Into Argentina’s Pay Television Market

Posted by on Sep 18th, 2017

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

Posted by on Sep 16th, 2017

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... 
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