A Philippines bank had been put to use for channeling about $81 million of stolen money that was taken away by hackers from the Bangladeshi central bank’s account lying with the Federal Reserve Bank of New York about two years ago. and the Bangladesh government wants to “wipe out” the Philippines...

Shares of Tiger Global, Accel, Kalaari Capital and IDG Ventures, and employees in the Indian e-retailer Flipkart is being sought to be bought over by Japanese telecom and internet conglomerate SoftBank for $85-89 a share. The total valuation for the deal has been pegged at $9-10 billion, according...

The Cenntro Automotive Corporation METRO compact utility vehicle (CUV) will be soon brought to the U.S. market. as Troops Technologies managed to secure investments of $1.2 million, aimed at developing the dealer network for the company’s electric low-speed vehicle (E-LSV).   This...

Germany’s BMW AG wants to make most of its future min and small cars run on electricity and for this purpose the automaker is in search of partners and is holding talks with other automakers “around the world” such that the company is able to reduce the cost of manufacturing those electric vehicles...

Share of Uber Technologies have been proposed be bought by Japan’s SoftBank Group Corp at about 30 percent discounted price to its most recent valuation and for a total of $48 billion, say media reports citing sources.   The influence over the company of the former Chief Executive Travis...

Almost all the rivals of France’s Chanel have entered into the digital world of selling merchandise and this company is one of the fashion world’s last hold-outs that is still reliant on the brock and mortar outlets instead of websites to try out new clients. The company has recently said that it...

A new report has revealed the despite Android users switching off their location services on their phones, their location information had been secretly recorded by Google.   Oracle, the primary rival for Google was behind the expose, claimed a leading security researcher.   The users...

The Chinese airline industry is expanding exponentially and to fill up vacancies for experienced captains, Chinese airlines have targeted disaffected pilots at Hong Kong’s Cathay Pacific Airways and is luring them with sky-high salaries.   There are predictions that the airline industry in...

Local labour laws were violated at the factory of biggest manufacturing partner of smartphone maker Apple in China as both the companies said in a statement recently that they had discovered a small number of students who had been working overtime at this Chinese unit.   Apple has confirmed...

Now industrial robots will allow low-tolerance precision tasks to be effectively completed with fewer trials and within less time in comparison to what is now available with human-supported robot assembly. Mitsubishi Electric Corporation announced that this has been made possible with help of a...

The fuel marketing and refining assets of Total and Erg in the TotalErg joint venture would be sold to the Italian Group API. An agreement to this effect was signed recently. For a total value of €750 million, the expected sale of all of TotalErg’s assets would be completed by this third...