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Uber To Use All Electric Vehicles In London By 2025

All of the cars that would be used through the app of the ride hailing company Uber in London would be electric cars by 2025, said the US firm on Tuesday.   This was announced by the CEO of the company Dara Khosrowshahi along with an announcement of a $260m Clean Air Plan during his visit to...

LinkedIn's Performance Will Be A Determinant Of Pay Of Microsoft’s Top Executives

Microsoft is linking the compensation to be paid to its CEO Satya Nadella with the performance of LinkedIn which the tech company had purchased two years ago for an amount of $27 billion which is the costliest acquisition of the company so far in its history.   The amount of money that...

Facebook’s New Global Face Will Be Former U.K. Deputy Prime Minister Nick Clegg

Facebook will now have a new global face in the form of Nick Clegg, the former deputy prime minister in the U.K. under David Cameron, who would be the new boss overseeing the communications and global policy of the largest social media platform.   The role of this new recruit in the company...

Google Will Charge Hardware Makers For Using Its OS And Apps: Reports

Alphabet Inc’s Google is setting a new arrangement for its licensing system after the European Union this year deemed one of its licensing mechanisms to be anti-competitive. Under the new system which has been reported in the media quoting sources, Google will up to $40 per device from those...

Online Lingerie Retailer Bare Necessities To Be Acquired By Walmart

The intentions of the largest retailer of the world Walmart is now clear with its second acquisition of a firm that is focused on apparel – its strong intent to dug deeper into the online market for fashion. The retailer is set to acquire online lingerie retailer Bare Necessities.  ...

Ford Reports 43% Drop In Sales For September In China

The largest car market in the world seems to have slowed down – and foreign car manufacturers are feeling the brunt.   There was a 43 per cent drop in sale for Ford in the Chinese market for the month of September compared to the same month a year ago, indicating the situation in the Chinese...

24% Y-O-Y Rise In Profits For JP Morgan In Q3, Thanks To Tax Cuts & Rate Hike

JPMorgan Chase & Co. reported a significant increase in its profits (24 per cent year-on-year) for the third quarter driven by a lower bill for taxes and the increased rates of interest in the United States, thanks to the US Federal Reserve for raising interest rates three times this year...

Secret AI Recruiting Tool That Discriminated Against Women Abandoned By Amazon

The machine-learning based recruiting engine of Amazon.com reportedly does not like women. This was discovered recently by its artificial intelligence specialists.      This machine learning program was being developed by Amazon’s experts 2014 and is designed to examine resumes of...

Investors Complacent Despite Growing Risks Of Global Crisis Due To Trade Tension: IMF

The international Monetary Fund has warned that the risks that are already building up in the global financial system could go out of hand is there is an escalation of the trade spats.   The IMF's latest Global Financial Stability Report states that there is however a sense of complacency...

Google Holds 10 Events For Of New Pixel Phones In An Effort To Go Global

Alphabet Inc’s Google us apparently making a global launch for its Pixel smartphone as it organized 10 simultaneous media events throughout the world for the same as the company also launched its first tablet computer and a new Google Home smart speaker. Analysts now expect the company to...

Data Leaks And Low Usage Forces Google To Shutdown Google+ Social Networking Site

Low usage and a bug that was discovered in March last year was cited as the primary reasons that the consumer version of the social networking site Google+ was is being shut down by the U.S. internet giant Google, the company announced on Monday. It was estimated that personal and other stored data...

Samsung Q3 Profit Estimate At Record High, Market Expects Drop In Chip Price

Robust demand for semiconductors from data centres and gains in production yields drove the estimated third-quarter operating profit for Samsung Electronics to increase by at least 20 per cent and reach a record high.    However, the two year growth cycle for the chip industry was...
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