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The Latest Product And Platform Innovations From Google IO 2018 – Video

Google has introduced a number of new products and technology upgrades at its recent annual developer conference that showed the internet giant lagging behind Apple Inc. and Amazon.com Inc. in some areas, while driving home its superiority in artificial intelligence. One notable new service seeks to tackle Tech Addiction, as Google also wants the public […]

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Is Walmart Trying To Battle Amazon With Flipkart Acquisition?

Walmart, trying to battle Amazon on many fronts, just offered up $16 billion for a majority stake in India’s e-commerce giant, Flipkart. Flipkart is the biggest e-commerce company in India, though Amazon is a strong player there too. Walmart surely sees the untapped potential in a country where only 5 to 10 percent of people […]

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Nestle And Starbucks Form “Global Coffee Alliance” With Deal Worth $7.15B!

Nestle and Starbucks just inked a deal to form what they’re calling a “global coffee alliance,” and that’s not just corporate hyperbole — it’s a big deal. Nestle will pay Starbucks $7.15 billion upfront in cash for the right to sell Starbucks packaged products in places including supermarkets. And people will be able to buy […]

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“I’m Not Here To Convince You To Buy Our Stock,” – Musk

“These questions are so dry. They’re killing me,” was how the media is reporting Elon Musk’s reaction to analysts’ questions during Tesla’s recent earnings update. Investors were equally uneasy with the electric carmaker’s future. Musk’s fractious call with Wall Street analysts on Wednesday prompted a sell-off in Tesla’s shares, even though the company exceeded revenue […]

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Amazon Posts Earnings Twice As Good As Wall Street Had Expected.

The ecommerce group posted earnings that were more than twice as good as Wall Street had expected. Growth is also accelerating in Amazon Web Services, its cloud computing business that now comprises almost three-quarters of the company’s operating income. In its outlook, Amazon said operating income might triple in the current quarter. Separately, couriers will […]

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Apple To Start Paying €13bn In Back Taxes To The Irish Government

Apple will start paying €13bn in back taxes to the Irish government from May in a move that comes 19 months after Brussels ruled that the tech giant received a quarter-century of illegal aid from Dublin through a tax scheme unavailable to other groups. The funds will be held in escrow while appeals are heard.

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Comcast £12.50-A-Share Offer For Sky Sets Stage For Takeover Battle With Rupert Murdoch’s 21st Century Fox

Comcast, America’s largest cable company, has made a formal £12.50-a-share offer for Sky that values it at £22bn ($31bn), setting the stage for a takeover battle with Rupert Murdoch’s 21st Century Fox, which is also bidding for the pan-European media company. Separately, Japan’s Takeda Pharmaceutical has reached a preliminary agreement to buy Irish drugmaker Shire […]

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Facebook’s Earnings And Revenue Soared In Q1

Facebook is being liked by the stock market again. The social network’s earnings and revenue soared in the first quarter, showing its advertising business continued to grow, even as it responded to controversy over content and privacy. Its shares gained 7 per cent in after-hours trading on the back of a 49 per cent increase […]

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Global Smartphone Boom May Have Peaked – IMF

The International Monetary Fund is reporting in its latest World Economic Outlook that the global smartphone boom that’s helped propel Asia’s economic growth and reshape trade channels in recent years may have peaked. That’s just one of the observations tucked into the Fund’s latest outlook for the world economy. While smartphone sales totaled 1.5 billion […]

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Tech Sell-Off Spreads To Europe After Sector Led A US Stocks Tumble

The tech sell-off spread to Europe on Tuesday after the sector led a US stocks tumble, with rising trade tension between the US and China also unnerving investors. The S&P 500 index fell 2.2 per cent on Monday, leaving it more than 10 per cent off its high in January, the technical definition of a […]

Big Retailers Betting On India’s Online Grocery Market