Israeli Wix.com forecasts 2020 revenue reaching $1 billion

22-02-2020
On Thursday, Wix.com, the Israeli cloud-based web development platform that allows small business owners to epitomise their businesses online had reported a lower-than-anticipated decline in net profits during Q4, 2019

Microsoft to invest $1.1 billion in Mexico over next five years, says CEO

22-02-2020
The Silicon Valley tech titan, Microsoft Corp., which had shifted its focus into cloud computing business Azure back in the 2014s, would be investing as much as $1.1 billion in Mexico over the next five years

Thyssenkrupp closes in full sale of $17 billion elevator division

22-02-2020
Thyssenkrupp AG, the Essen-based German multinational conglomerate having 670 subsidiaries across the globe, had been nearing a full sale of its elevator division to generate an upsum of €16 billion

Uber returns to Columbia less than a month after exit

21-02-2020
On Thursday, the 20th of February 2020, Uber Technologies Inc., the San Francisco, CA-based ride-sharing pioneer had resumed its Columbia operation with a new service framework that will be allowing its app users to hire both cars and drivers altogether

French Engie eyes US energy service firm Ameresco takeover

21-02-2020
Engie, the La Défense-based French multinational electric utility company had shown interest over a potential takeover of US-based energy service firm Ameresco Inc.

Morgan Stanley’s Gorman sets sails for ambitious $13 billion E*Trade deal

21-02-2020
On Thursday, the 20th of February 2020, the NY-based leading American multinational investment bank and financial services company said that it was exploring an option to purchase the discount brokerage E*Trade Financial Corp.

Tesla gets court approval to clear forest for German Gigafactory

21-02-2020
On Thursday, the 20th of February 2020, the Palo Alto, CA-based e-vehicle industry tycoon, Tesla Inc. of billionaire entrepreneur Elon Musk had received court approval to continue its deforestation at the outskirt of Capital city of Berlin

New Mexico AG sues Google for collecting school children’s personal data

21-02-2020
On Thursday, the 20th of February 2020, the New Mexico Attorney General, Hector Balderas, had filed a lawsuit against the Alphabet Inc.-owned world’s No. 1 internet service provider, Menlo Park, CA-based Google LLC.

Dropbox beats forecast as subscriber growth accelerates

21-02-2020
On Thursday, Dropbox Inc., the San Francisco, CA-based American multinational file hosting provider engaged primarily in offering cloud storages and file synchronizations, had reported its quarterly revenue and profit for the fourth quarter of 2019

Nokia to acquire optical networking tech firm Elenion

21-02-2020
On Wednesday, the Espoo, Greater Helsinki-based Finnish telecom gear manufacturer, Nokia Oyj, had issued an statement saying that its management board had agreed to take over a privately-held American semiconductor industry start-up, Elenion

Business jet deliveries hit a decade high in 2019 as new models gleam

20-02-2020
On Wednesday, the General Aviation Manufacturers Association (GAMA), a Washington-based aviation industry trade body which has an office in Brussels as well, had issued a statement saying that the 2019 had witnessed a global hit in business jet deliveries

Lyft resumes shared electric bike rentals in New York City

20-02-2020
On Wednesday, Lyft Inc. had made an announcement saying that the smaller ride-sharing company mostly focused in the United States and Canada, was going to unfurl a fleet of hundreds of electric bikes

Softbank to borrow $4.5 billion pledging Telco shares collateral

20-02-2020
On Wednesday, the Japanese multinational investment conglomerate, SoftBank Group Corp. had issued a statement saying that the technology investment tycoon had been brewing off a plan to borrow as much as $4.5 billion

Adidas, Puma caution of coronavirus hit in China businesses

20-02-2020
On Wednesday, the 19th of February 2020, Adidas AG and Puma SE, two of the leading German sportswear manufacturers, had raised alarms over China’s Wuhan coronavirus’s financial fallout

Should Facebook, Google be liable for user posts, questions US Attorney General

20-02-2020
US Attorney General Barr William Barr questioned on Wednesday (February 19th) whether the major tech platforms still required insulations from legal liabilities

Alstom purchases Bombardier’s rail unit at $6.7 billion buyout deal; shares plunged

20-02-2020
Late on Monday, the Saint-Ouen-based French multinational railway transport provider, Alstom SA had finally sealed an €6.2 billion ($6.7 billion) acquisition deal for the Canadian industrial conglomerate Bombardier’s railway unit

French Finance Minister Le Maire warns Renault against job cuts, factory shutdowns

20-02-2020
On Tuesday, the French Finance Minister Bruno Le Maire had cautioned the French automotive group, Renault SA, in which the French Government has been holding a 15 per cent stake, over its planned factory shutdowns in France

Vodafone, Telecom Italia offer rivals access to sites to allay EU antitrust concern

19-02-2020
Italy’s largest telecom service provider, Telecom Italia alongside Vodafone had reached an accord to grant their rivals access to some infrastructure for up to nine years

Samsung wins 5-nanometre modem chip contracts from Qualcomm Inc.

19-02-2020
Samsung Electronics Co., the Suwon-based South Korean multinational electronics industry conglomerate, recently had snatched a contract to manufacture fifth-generation modem chips for the US semiconductor industry tycoon Qualcomm

Dell to sell cybersecurity unit RSA for $2.08bn to downsize $12.3bn in core debts

19-02-2020
On Tuesday, the 18th of February 2020, Dell Technologies said that the company’s management board had agreed to sell off its cybersecurity unit RSA Security LLC.

HSBC to offload investment banking, 35,000 jobs in strategic overhaul

19-02-2020
On Tuesday, the 18th of February 2020, the Europe’s largest lender, HSBC said it would offload nearly $100 billion worth of assets involving a shrinkage of its investment banking operation

Coronavirus threatens Apple’s China supply chain, shares tumble

19-02-2020
On Tuesday, the 18th of February 2020, shares’ prices of the Cupertino-based iPhone manufacturer, Apple Inc., tumbled as much as 3 per cent in the pre-market trading

Amazon boss Bezos pledges $10 billion to battle against climate change

19-02-2020
Late on Monday, Jeff Bezos said that he would be financing a whopping upsum of $10 billion to fight against the impacts of climate change which has been rattling the world over the past couple of years

Tesla in talks to use CATl's cobalt-free batteries in China to reduce price tags

19-02-2020
Tesla Inc. had been in an advanced stage talk with the Ningde-based Chinese battery manufacturer and technology titan, CATL (Contemporary Amperex Technology) to use its batteries on China-made Tesla vehicles

Thyssenkrupp shortlists potential buyers for elevator unit, Kone withdraws

19-02-2020
On Monday, the Essen-based German multinational conglomerate, Thyssenkrupp AG, world’s one of the largest steel producers, said that the company had already shortlisted two private equity consortiums for a potential sale of its elevator unit