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Amazon boss Bezos finalized divorce at $38.3 billion settlement

06-07-2019

Founder and CEO of US-based retailing giant, Amazon.com Inc., billionaire entrepreneur Jeff Bezos, had finalized his divorce at a $38.3 billion settlement after 25 years of conjugal life on Friday, the 5th of July, a Bloomberg report had revealed.

US Fugitive McAfee says will create a Cuban crypto free of charge

06-07-2019

A hunted US fugitive, architect of antivirus McAfee and a tech titan, John McAfee, 73, told on Thursday (July 4th) at an interview with a press agency on its yacht in Havana harbor that he could help Cuba to create a new digital currency

‘Wolf of Wall Street’ producer charged with IMDB money laundering

06-07-2019

On Friday, the 5th of July, Malaysia had filed lawsuit against one of the producers of the blockbuster film “Wolf of Wall Street,” and stepson of former Malaysian Prime Minister Najib Razak, accusing the Hollywood Legend of money laundering

Samsung forecasts a steep plunge on its Q2 profit amid trade warfare

06-07-2019

On Friday, world’s No. 1 smartphone vendor, South Korea’s Samsung Electronics had forecasted a sharp downturn of its operating profit on Q2, 2019, as an escalated Sino-US trade spat had been inflicting fatal wounds on global smartphone

US judge rejects Qualcomm effort to put antitrust ruling on hold

06-07-2019

On Wednesday, the 3rd of July, A US court had ruled against the US-based chipmaker Qualcomm Inc.’s effort to "stay" a lower court order, which had ruled a sweeping anti-trust measure against the chipmaker earlier this year

White House asked federal court to scrap Huawei lawsuit

06-07-2019

On Wednesday, the 3rdof July 2019, the Trump Administration had filed a legal motion asking for a cancellation of a lawsuit filed earlier in March by Chinese telco titan, Huawei Technologies

BMW and Daimler to team up on self-driving technology

05-07-2019

On Thursday, 4th of July 2019, manufacturer of Rolls-Royce, German luxury automaker BMW, alongside Daimler AG had issued a joint statement saying that about 1,200 developers of autonomous driving software would tie-up to develop self-driving technology

EU voted 5G over Wi-Fi on self-driving car technology

05-07-2019

On Thursday, the 4th of July 2019, the European Union Commission had issued a statement saying that Brussels had cemented the way to 5G technologies for internet connected cars, rebuffing a push for existing Wi-Fi technology

Amazon could be held liable for third-party products: US appeals court

05-07-2019

On Wednesday, a US federal appeals court had ruled against Amazon.com Inc. in a case that would likely to expose the retailer to lawsuits from consumers who had been purchasing products from third party sellers

Facebook to face off privacy activist Schrems in July 9th court hearing

05-07-2019

Social networking titan, Facebook Inc., would face Austrian privacy activist Max Schrems by July 9th at a top court in Europe in a breakthrough attempt which could affect how thousands of companies across the globe would be transferring personal data

Boeing pledges $100 million in aids for 737 MAX crash-related supports

05-07-2019

Boeing Co. said that the company had agreed to hand over about $100 million in aids over multiple years to local governments alongside non-profit organizations in order to help the communities and families affected by lethal crashes of its model 737 Max

UK regulator to probe roles of Google, Facebook in digital ad market

05-07-2019

On Wednesday, the 3rd of July 2019, the competition regulator of United Kingdom had initiated a probe into the power exercised by tech tycoons likes of Google LLP and Facebook Inc. over the digital advertising markets

UK market watchdog proposes retail ban on Crypto-based byproducts

05-07-2019

On Wednesday, the 3rd of July 2019, Market watchdog of United Kingdom, Financial Conduct Authority (FCA) had recommended a ban on the sales of byproducts based entirely on crypto-assets or digital currencies

Samsung faces hot steam over water-restraint smartphone ads in Australia

04-07-2019

On Thursday, consumer watchdog of Australia had filed a lawsuit against, South Korea’s Samsung Electronics Co. Ltd., accusing the smartphone manufacturer of allegedly misleading consumers by promoting water-restraint Galaxy smartphones

Malaysia bans sea sand exports, Singapore’s land expansion in jeopardy

04-07-2019

On Wednesday, the 3rd of July 2019, officials of Kuala Lumpur said that Malaysia had banned the export of sea sands last year, which put into effect during the first half of 2019

Cuba assessing cryptos as an economic crisis measure

04-07-2019

On Tuesday, the 2nd of July 2019, the communist government of Cuba said that it had been examining a potential use of digital currencies or cryptocurrencies as a part of a cascade of financial measures to ramp up the nation’s grief-struck economy

Canadian local community to buy majority stakes in Trans-mountain pipeline

04-07-2019

An aboriginal-led group, named as Project Reconciliation, had been planning to purchase a majority stake in the trans mountain oil pipeline from the Canadian government as early as this week or next at a C$ 6.9 billion deal

Amazon to add more than 2,000 jobs in UK this year

04-07-2019

On Wednesday, world’s No. 1 retailing industry giant, billionaire entrepreneur Jeff Bezos’ Amazon.com Inc. had issued a statement saying that US-based retailing giant had been planning to add more than 2,000 full-time jobs in United Kingdom this year,

Tesla delivers record number of electric cars in Q2, shares up by 7%

04-07-2019

Billionaire entrepreneur Elon Musk’s Tesla Inc., the American e-vehicle manufacturer, had posted a record quarterly vehicle delivery figure, sending a robust response to months of questions about demands of Tesla’s best-selling models including Model 3

China trade deal will take time, says White House’s Navarro

03-07-2019

On Tuesday, 2nd of July 2019, trade advisor of White House, Peter Navarro said that United States’ trade negotiation with China had been put back on the right track, however a concession to a ban on Huawei Technologies seemed to be of little importance

June sends mixed signal for automakers, SUVs, trucks sales still strong

03-07-2019

On Tuesday, the 2nd of July, major US automakers had revealed a mixed US sales result for June alongside second quarter, while demands for SUVs alongside pickup trucks across United States appeared to be surging

WPP to sell majority stake of data analytics Kantar to Bain capitals

03-07-2019

WPP Plc., world’s largest advertising company headquartered in London, UK, had been in an advanced level talk to sell a majority stake of its data analytics wing Kantar to a US-based private equity farm, Bain Capital

Exxon quarterly profit growth flatlines amid weaker Natural Gas price

03-07-2019

On Monday, Exxon Mobil Corporation, operating as ExxonMobil, said that a lower natural gas price and weaker chemical earnings had overshadowed its robust earnings of crude and refining sections

Brookfield, GIC to buy freight rail operator Genesee & Wyoming for $6.4 bn

03-07-2019

On Monday, the 1st of July 2019, Singaporean state-controlled wealth fund GIC and Canada’s Brookfield Asset Management had reached an accord to purchase Genesee & Wyoming, US freight railroad owner, at an all-cash buyout deal of $6.4 billion

Applied Materials to acquire Japan's Kokusai for $2.2 billion

03-07-2019

On Monday, the 1st of July 2019, Applied Materials Inc., the US chip gear maker, headquartered in Santa Clara, California, had agreed to purchase its Japanese counterpart Kokusai Electric for about $2.2 billion from KKR & Co. Inc.

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