The biggest fall in shipment in the history of smartphones was recorded last quarter with a fall of 9 per cent in the global smartphone market. Sale of iPhones from Apple fell 1 per cent because users preferred to cling… Read More ›
Day: February 7, 2018
Microsoft Closes Gap With Amazon In Cloud Business, Its Division Continues To Grow
Cloud computing is turning out to be the most important business for Microsoft as the company reported encouraging growth in this segment last week. Microsoft has altered its focus to cloud computing as it transits into the post-PC era and… Read More ›
French antitrust probe could materially impact Electrolux’s financial statements
In the multi-year investigation, anitrust authorities in France have alleged that Electrolux along with other large white goods home appliance makers have collaborated to fix prices of their appliances. On Wednesday, Electrolux stated antitrust authorities in France are set to… Read More ›
Angela Merkel’s conservatives party and the Social Democrats (SPD) hammer out coalition government: sources
The development brings closure to the 4 month long political uncertainty which has weakened Germany’s economy and its role in international affairs. On Wednesday, a source involved in the negotiations between German Chancellor Angela Merkel’s conservatives party and the Social… Read More ›
British banks should apply for EU license by end of second quarter: ECB
The statement by Sabine Lautenschlaeger, a board member of the ECB, brings more clarity on the outlook of British financial institutions vis-a-vis Brexit. On Wednesday, Sabine Lautenschlaeger, a board member of the European Central Bank made it lucidly clear to… Read More ›
Alphabet names Dinesh Jain as CEO of Access, its internet service company
Alphabet’s Access is seeing a high turnover in human resources: Jain’s appointment as CEO is the third in less than two years. The unit has also laid employees since 2016. On Wednesday, Alphabet Inc named Dinesh Jain, a former chief… Read More ›
Tronc Inc to sell Los Angeles Times to Patrick Soon-Shiong
With evolving times, the newspaper industry is facing severe headwinds against the digital print industry, and the sale is largely reflective of that struggle. As per a source familiar with the matter at hand, Tronc Inc, owner of Los Angeles… Read More ›
Boeing considering raising production levels of 737
Boeing is likely to raise production levels of its narrowbody offerings. On Wednesday, a senior executive from Boeing said, judging by currently available data, the aircraftmaker must seriously consider raising the production levels of the 737. When asked at a… Read More ›
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