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Samsung Set to Post Quarterly Results How Will They be Affected by the Pandemic

Global tech giant for consumer electronics Samsung Electronics Co. (005930) is set to announce its quarterly results for the period ended March 31 however it’s unclear whether the breakout of deadly coronavirus around the World will have impact on this upcoming quarterly reports and if yes by how much. Samsung is the largest memory chipmaker […]

Xerox Walks Away From $35 Billion Bid for HP

U.S based printer manufacturer Xerox Holdings Corp (XRX) has confirmed abandoning its cash and stock $35 billion bid for PC and printing equipment maker HP Inc. (HPQ). The company made the announcement on this decision on Tuesday further adding rapid spreading of coronavirus across United States affected its decision. In the beginning of March, Xerox […]

Alibaba Set to Acquire 10% Stake in Yunda

Citing information from direct involved sources, China based e-commerce giant Alibaba Group Holding Ltd (BABA) is planning to acquire stake of up to 10% in Yunda Holding Co Ltd (002120). Following this deal, Alibaba will become the fifth largest investor in Yunda. Alibaba is aiming at buying this additional stake from Yunda’s founding partners and […]

Rosneft Pulls Out of Venezuela Following U.S Sanctions

U.S sanctions against Venezuela seem to be hitting hard and harder on the nation situated on the northern coast of South America. The latest casualty of these sanctions is Russian integrated energy company Rosneft Oil Company (ROSN). The largest Russia based oil company has announce that it will be ceasing operations in Venezuela with immediate […]

Global Airlines Urge Governments to Aid Them Overcome Plunge Due to Coronavirus

Coronavirus pandemic is biting so hard and so fast into every economy, various sectors have been deeply affected by this situation since businesses are no longer running as usual. World airlines remain among the top of the businesses greatly affected by outbreak of coronavirus. Almost every nation in the world now has completely shut down […]

A Group of Cyber Security Gurus Unite to tackle Coronavirus Related Hacking

Truth is it would be naive to think that at this time of a great catastrophe there are no criminal activities going on around the globe. As weird as it might sound, some bad people are still out there with intentions of benefiting from other peoples misfortunes. Following the outbreak of coronavirus pandemic worldwide illegal […]

Facebook and Netflix to Relieve Network Congestion in India by Reducing Data Traffic

Social media guru Facebook Inc. (FB) and media services production company Netflix Inc. (NFLX) announced they will be reducing amount of data their services consumes in India so as to ease network congestion in the country. The companies claim to have taken this measure so as to reduce network congestion in the world’s second highest […]

Flipcart Suspends Operations in India Following a 21 Day Lockdown

On Wednesday Walmart Inc’s. (WMT) subsidiary Flipcart announced suspending its operations indefinitely in India. The company relayed this information through its website less than 24 hours after a 21 day lock-down had been declared in the world’s second highest populated country. Flipcart did not reveal how long they intend to remain closed however the retailer […]

Amazon (AMZN) And Facebook (FB) Focus On Smart Glasses: Sales Of AR Glasses Surge To 30 Million In 2023

Sitting at 850 miles apart, Amazon.com, Inc. (NASDAQ:AMZN) and Facebook, Inc. (NASDAQ:FB) have announced a closer vision into future computing. Facebook announced its plans to introduce Augmented Reality (AR) Smart Glasses. The smart glasses would be developed to concentrate on people when compared to connecting the user to a computer. According to CNBC, Facebook plans […]

Bitcoin Experiences Huge Sell-Off AS Uncertainty Surrounds The Launch of Facebook’s Libra

Crypto markets have been bleeding this week with bitcoin among the coins that shed significantly. Bitcoin lost more than 15% in a surprising selloff and the process dragging down the whole industry. This caught investors and traders who had hoped that the launch of Bakkt platform could boost bitcoin off guard. Facebook’s Libra falls back […]