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Uber Plans IPO Worth $10 Billion In Stocks For The Public: Reuters

In its first ever initial public offering (IPO), ride hailing company Uber would be putting up about $10 billion worth of stock for sale and is set to get its offer publicly registered this week, reported news agency Reuters citing sources with information about the matter.   Uber’s IPO...

Possible 4 Billion Euros IPO This Year For French Bottle Maker Verallia: Reuters

According to a report published by the news agency Reuters, the  French glass bottle maker Verallia is being prepared for a stock market listing later this year by buyout group Apollo. The report also stated that this would possibly be the largest French initial public offerings of the year....

Two Crashes Involving 737 MAX Forces Boeing To Cut Its Production

The 737 MAX has been the best selling model of Boeing but it has been grounded across the world following two deadly crashes which has put the model at financial risk which probably pushed the company to announce a production cut for the planes this month.   With the aim of focusing more on...

AI Ethics Council Shut Down By Google Within A Week Of Unveiling

After announcing it just a week ago, US tech giant Google has announced the reversal of its plan to setting up of its new artificial intelligence ethics council. And just days ago, the removal of the president of a conservative think tank from the group was demanded a group of its employees....

Social Media Executives May Be Held Responsible For ‘Harmful Content’

In case there are harmful content published on social media platforms, the executives and bosses of the platform could be held personally responsible according to new government plans in the United Kingdom.   According to media reports published very recently, a new "duty of care" would soon...

Funding Links With Chinese Firms Huawei And ZTE Cut By MIT

Citing the problems that it might face because of the ongoing investigations by the US federal investigators against the Chinese etch giant Huawei and ZTE, the Massachusetts Institute of Technology has announced the termination of its relationship of funding with these two companies.  ...

Asda Becomes No 2 UK Supermarket Ahead Of Sainsbury’s

Data from the retail industry of the United Kingdom has shown that for the first time in the last four years, the position for the second largest retailing chain in the country has been taken over by Asda by edging out Sainsbury’s in terms of market share. Asda has been targeted by Sainsbury7’s for...

Casper CEO Is Excited By The Performance Of The IPO Market

The performance of the public markets has been good this year, according to the Casper CEO Philip Krim. He however refrained from saying whether his company would also get into the public sphere and launch an initial public offering, as had been reported earlier.     "I am excited...

Daimler Takes Up Controlling Stake In Self Driving Tech Firm Torc Robotics

A majority stake in autonomous vehicle pioneer Torc Robotics would be taken up by Germany’s Daimler Trucks and would make use of the technology available with Torc to work on highly automated trucks aimed for the U.S. market.   The companies did not disclose the financial terms of the deal....

Apple Officially Cancel Its Wireless Charging Mat Airpower Project

Apple would no longer by developing its much awaited AirPower wireless charging pad and all plans of the company to that effect have been scuttled, the company said on Friday.   "After much effort, we've concluded AirPower will not achieve our high standards, and we have canceled the...

Despite An Otherwise Horrendous 2018, Huawei Outperformed Itself Financially

Despite it being the news for most of the year for the wrong reasons and despite a number of Western countries expressing concerns over national security because of the company and some even banning it from participating in the roll out of 5G networks, the Chinese telecom tech giant Huawei has had...

TUI Warns Of $200 Million Hit Due To Grounding Of Boeing MAX 737s

Warnings of profits being hit was issued by Anglo-German tour operator TUI which uses Boeing 737 MAX aircrafts in its business and which has been hit because of a worldwide grounding of the crafts following the Ethiopian plane crash.   It expected that the Boeing 737 MAX crafts would remain...
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