Billionaire Bill Gates has transferred around USD 2.4 Billion worth of stocks to his ex-wife Melinda French Gates. This was part of the process of dividing assets as their divorce has now been officially finalized. After this transfer of stock, Microsoft co-founder Gates has dropped to the fifth position in the real-time billionaire ranking list […]

Chinese smartphone maker Xiaomi has no presence in the United States. Despite this, the smartphone maker has left behind Samsung and Apple to become the best smartphone selling brand globally. It had recently dethroned Samsung in the European market. According to Counterpoint, Xiaomi had 17.1 percent of the total market share globally in June. Its […]

Twitter founder Jack Dorsey’s digital payments company Square is buying Australian fintech company Afterpay. Square is looking to expand its footprint further into the booming installment loan market and the company feels that the acquisition will give it a much-needed push. Square has agreed to acquire a ‘buy now, pay later’ company for USD 29 […]

At a time when the hotel industry is trying to recuperate from the losses because of Coronavirus-induced lockdowns, Indian hotel start-up Oyo is all set to make a strong comeback. This is because Microsoft is reportedly in advanced level talks to invest in the hotel start-up valuing it at around USD 9 billion. According to […]

Google has been asking employees to return to offices after the number of Covid-19 cases started plummeting. But chief executive officer of Alphabet, the parent company of Google, Sundar Pichai has now decided to delay it amid rise in cases of Delta variant in the United States. In an email to employees, the CEO said […]

General Motors has dragged its rival Ford to court over the use of ‘BlueCruise’ for branding its hand-free driving technology. The American car manufacturer has sued Ford after it renamed the self-driving system Blue Cruise. Ford earlier used to call it Co-Pilot360. It renamed the technology in April. GM said that the move was necessary […]

Amazon has decided to investigate the allegations of discrimination within its Amazon Web Services unit. For this, the tech giant has hired an outside investigator. The development comes after a petition got circulated and garnered hundreds of signatures. The petition by an employee alleges discrimination and bias against women and groups that are under-represented. The […]

Electric vehicle start-up Rivian has raised USD 2.5 billion in the latest fundraising round that was led by Amazon and Ford Motor. The company said that it has so far raised around USD 10.5 billion to date. Rivian had raised USD 2.65 billion in the month of January and another USD 2.5 billion round in […]

Software giant Salesforce has announced that it has closed USD 27.7 billion purchase of messaging app Slack Technologies. The record acquisition comes at a time when the company is shifting focus on a digital work-from-anywhere technology that can be big in demand in the future. Salesforce CEO Marc Benioff said Slack and Salesforce jointly will […]

Taco Bell has informed customers that they may not be able to find their favorite dishes at some locations because of the nationwide supply shortages. The company said that it running out of some ingredients and this may force it to change menu options. Informing about the situation on its website, the California-headquartered company said […]

Dish Network has signed a USD 5 billion deal with AT&T to make it a primary network service provider for its customers. The has brought the two companies closer once again. Earlier in 2017, Dish founder and billionaire Charlie Ergen had almost finalized a deal to sell the company to AT&T. But the deal did […]

Ericsson is has signed a multi-year deal with Verizon under which it will help the latter to expand its 5G network in the United States. The deal is worth USD 8.3 billion and is the biggest ever for the Swedish telecom company. As part of the deal, Verizon will use the technology solutions and equipment […]

Nordstrom has announced its decision to acquire a minority stake in four fashion brands owned by a British fashion house Asos. Nordstrom has signed the deal with an intention of attracting more customers in their 20s. The brands that are part of the deal include Miss Selfridge, Topshop, Topman, and the activewear label HIIT. Financial […]

Impossible Foods is all set to enter into the chicken market with the launch of plant-based chicken nuggets later this year. Moreover, the imitation meat maker has said that its products will be available for potential customers at a trade show next week. Impossible Foods said that it is making nuggets with the use of […]

Nissan is making a big bet in the field of electric vehicles by announcing an investment of over USD 1 billion to build an EV battery ‘Gigafactory in the United Kingdom. Nissan partners will also contribute to this for building a large manufacturing hub specialized in electric vehicles. According to reports, the company is planning […]

Singapore, being the tiny nation that it is, with a limited amount of natural resources, must embrace globalization in order to thrive. Signing Free Trade Agreements (FTAs) is one strategy to achieve that, said Singapore’s Health Minister Ong Ye Kung while addressing the Parliament on Tuesday. Singapore now boasts 26 FTAs, most notably a Comprehensive […]

In the new Global Startup Ecosystem Index, 2021 issued this month by StartupBlink, an Israel-based startup environment research center, Israel’s tech ecosystem ranked third internationally, with Tel Aviv ranking ninth among cities. The United States retained its first position in the country rankings, displaying a robust innovation ecosystem across its 267 cities. The United Kingdom […]

Binance.com is an online centralized marketplace that provides customers with a variety of financial goods and services such as cryptocurrencies, digital wallets, stocks, savings accounts, and even loans. The Financial Conduct Authority (FCA) has decided that the company cannot engage in any “regulated activity” in the United Kingdom. It also issued a consumer alert regarding […]

Investing icon Warren Buffett has announced his resignation from the Bill and Melinda Gates Foundation. Gates Foundation is one of the recipients of shares of his investment firm Berkshire Hathaway. The 90-year-old investor made this announcement in a letter. However, he did not specify any reason for doing so. But Buffet does state that he […]

Twitter has been constantly working on adding more features to its platform. One of these is some kind of paid subscription service. According to app researcher Jane Manchun Wong, the microblogging site is likely to call the service ‘Twitter Blue’ and the company has decided to charge USD 2.99 per month as a subscription fee. […]