Markets

IBM Introduces New Processor Chips Taps Samsung in Manufacturing

Technology company International Business Machine. (IBM) launched a new processor chip type for data centers, according to IBM the new chip has the ability to handle three times the workload of its predecessor. IBM says the new chip will be dubbed Power10 chip and it’s made to be majorly used by businesses inside data centers. […]

Just Eat Takeaway Posts Strong First Half Results Cites Pandemic as the Major Booster

Europe based food ordering company Just Eat Takeaway (TKWY) posted its results for the first half of the year which in fact can be termed as a pandemic fueled first half. In the first half the company reported increased revenue and profits. Just Eat attributes the good performance to stay at home orders which increased […]

Bayer Set to Buy KaNDy Therapeutics for $425 Million

German based pharmaceutical company Bayer AG (BAYGn) is set to purchase Britain based biotech counterpart KaNDy Therapeutics Ltd in a deal worth $425 million. Bayer made the announcement further saying the acquisition will make stronger its women healthcare business unit. Bayer claims sales of birth control pills have been declining due to cheaper copied brands […]

Chinese Companies Failing U.S Accounting Standards Will be Delisted

United States Treasury Secretary Steven Mnuchin has announced that Chinese companies and companies from other countries listed in the U.S markets which do not comply with the U.S accounting system will be delisted from U.S stock markets before 2022 wraps up. During the past week, Mnuchin and other officials recommended the proposal to U.S. Securities […]

Microsoft Holding Talks With ByteDance to Purchase TikTok

Chinese short video sharing app TikTok has been a critical issue when it comes to escalating trade dispute between China and the United States. Well, from recent turn of events tech giant Microsoft Corp. (MSFT) is looking forward to purchase TikTok from its parent company ByteDance. Insider sources from Microsoft have revealed that the company […]

Amazon Generating Unusually High Profits Amidst Pandemic

It’s not a secret that world’s leading e-retailer Amazon Inc. (AMZN) has been reaping big from the pandemic in terms of sales. Well, it seems the good fortunes for the company are just getting better with each passing day. Amazon has posted its results for the second quarter of the year ended June 30, where […]

Huawei Sold More Phones Than Samsung in the Second Quarter

Chinese tech giant Huawei Technologies overtook South Korea based Samsung Electronics (005930) in the second quarter becoming the largest seller of mobile phones in the second quarter of the year. Citing data compiled by a research company known as Canalys, Huawei shipped 55.8 million phones in the second quarter while it arch competitor Samsung shipped […]

Google Misled Users Over Data Privacy Matters Says Australian Regulator

Australia Competition and Consumer Commission (ACCA) is accusing Alphabet Inc.’s (GOOGL) search engine Google for misleading users with an aim of harvesting their personal data for targeted advertising. In a court filing, the Australia’s competition regulator is accusing Google of not properly informing users of a 2016 move which saw the combination of personal information […]

Democratic Senators Warn Over Fitbit Acquisition by Google

A total of seven Democratic Senators have come out cautioning against the deal in which leading search engine Google is planning to acquire producer of fitness products Fitbit Inc. (FIT). According to the senators led by Senators Elizabeth Warren and Amy Klobuchar, the Justice Department needs to review the planned acquisition deal carefully since Google […]