A boom in demand for its cloud services more than adequately offset a decline in sale of its PCs because of the global chip shortage helped Microsoft Corp to post its most profitable quarter on Tuesday as it comfortably beat… Read More ›
Strategy
Adecco Group acquires AKKA Technologies for $2.4 billion
On Wednesday, in a statement Adecco Group said, it has agreed to acquire AKKA Technologies for $2.4 billion (2 billion euros) and merge it with its own Modis tech brand. The acquisition’s synergy stems from the fact that AKKA’s its… Read More ›
VISA reports 27% rise in total revenues to $6.13 billion in third quarter
Riding on the back with a boost in domestic spending, which has bounced back to close to pre-pandemic levels, and with international travel on the road to recovery with increased vaccinations across the globe, Visa Inc announced its quarterly profits which… Read More ›
US could end up in a war in case of a major cyberattack: U.S. President Joe Biden
In a significant development U.S. President Joe Biden warned that Washington could end in a “real shooting war” with a “major power” in the event of a significant cyberattack on the United States. The warning comes in the wake of… Read More ›
Record Car Deliveries Propels Tesla’s Profits For Second Quarter
Even in the face of a global shortage of semiconductor chips for the auto industry and a delivery delays because of congestion at ports hitting its production, a surge in profits for the latest completed quarter was reported by the… Read More ›
70% Vaccination Target To Be Achieved By End Summer, Says EU
At least 70 per cent of the adult population of the European Union will get vaccinated by the end of summer as previously announced by the bloc since that very percentage of EU residents 18 years or older have received… Read More ›
Private equity firms scramble to exit from China’s education sector
With China enacting a new law that bans private tutoring firms from making a profit from teaching core school subjects and raising capital, private equity investors are scrambling to exit the sector after pouring billions of dollars into it. With… Read More ›
European Commission approves AerCap’s $30 billion bid for General Electric’s aircraft leasing business
On Tuesday, a filing on the European Commission website shows, the European Commission has approved AerCap’s $30 billion bid for General Electric’s aircraft leasing business without any conditions. The deal between the Irish aircraft leasing company and General Electric’s aircraft… Read More ›
Allianz sees insurance claims of at least $589M from storm Bernd
On Tuesday, German insurer Allianz said it expects insurance claims of more than $589 million (500 million euros) from storm Bernd, which caused massive flooding in parts of western Germany this month. Allianz’s estimate is the first estimate from a German… Read More ›
South Korean Study Finds Covid-19 Antibody Levels Boosted By Mixed AstraZeneca-Pfizer Shots
A new study from South Korea has found that a mixed dosage of Covid-19 vaccination was able to boost the neutralizing antibody levels by six times compared to two doses of the same vaccine. The study was conducted using the… Read More ›
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