Author Archives
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Google to face record antitrust fine by the European Commission
The European Commission has the power to impose antitrust fines of upto 10% of a company’s annual sales, which for Google could be 6 billion euros. The Sunday Telegraph has reported that Google is facing a record 3 billion euros,… Read More ›
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Refugee crisis to cost Europe’s biggest economy 93.6 billion euros by 2020
A German magazine has reported 93.6 billion euros in costs for the refugee crisis by 2020, citing a draft report from Berlin’s Ministry of Finance. A German magazine has reported that Germany has projected an expense of nearly 93.6 billion… Read More ›
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BoE’s governor warns of risks if Britain were to leave the EU
Despite facing criticism from “Out” campaigners, the governor of Britain’s central bank has justified stating the risks of such an outcome. Mark Carney, the governor of the Bank of England has denied that by stating the possible short-run costs of… Read More ›
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Hackers use SWIFT’s vulnerability to hack yet another bank
Hackers are relying on the vulnerabilities in SWIFT’s messaging systems to hide their digital footprints. A second bank has been compromised due to these vulnerabilities. In the wake of Bangladesh’s central bank being hacked due to hackers exploiting vulnerabilities in… Read More ›
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Saudi oil giant Aramco set for its first ever IPO
In the wake of fluctuating oil prices, Saudi Arabia is trying to diversify and revitalize its economy. The world’s largest exporter of oil Saudi Arabia is in the process of overhauling its economy. The process of partially privatising Aramco, a… Read More ›
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Nissan could have controlling stake over Mitsubishi Motors
Mitsubishi Motors has now disclosed that more models have been affected by its fuel-economy scandal than those which have been previously announced. After anonymous sources leaking out the news that Nissan Motor was considering taking up a controlling stake in… Read More ›
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Hyperloop One receives $80 million in funding to develop next gen transportation system
Having demonstrated the propulsion system, Hyperloop One is expected to announce the date, sometime next year, of a competition which will determine the location in which the first hyperloop system will be built. A Los Angeles company called Hyperloop One… Read More ›
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Apple invests $1 billion in Chinese ride-hailing service
Eyeing a possible future tie-up, Apple has invested $1 billion in Didi Chuxing, a ride-hailing service in China. In a move described by Apple CEO Tim Cook as one that would help the company better understand the Chinese market, Apple… Read More ›
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Wolfgang Hatz leaves Porsche for greener pastures
Wolfgang Hatz has been Porsche’s top engineer in its R&D department. In the wake of the diesel emission scandal, Porsche’s top engineer has left the company for greener pastures, said Porsche, while clarifying that investigations so far have found no… Read More ›
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Sprint’s see its losses widen by $554 million
In order to rein in costs Sprint has vowed to cut expenses by $2 billion for 2016-2017. Facing widening losses, and having added fewer subscribers than it initially expected, Sprint Corp has vowed to cut more than $2 billion in… Read More ›
