Potentially stifling its ability to create the next Google or Twitter, according to a new report, New York and San Francisco have been trumped by London which has been named as the most expensive city in the world for technology… Read More ›
Sustainability
Alcatel Integration Sped up by Nokia CEO Stung by Failed Mergers
Rajeev Suri put his team at Nokia Oyj on a tight schedule: in just 90 days they had to hash out which products to keep and which to jettison, after gaining control of French network-equipment rival Alcatel-Lucent SA in January. “Procrastinated… Read More ›
Hanjin Group’s chairman transfers $36 million to Hanjin Shipping
Hanjin Shipping’s cargo hangs in the balance as it desperately tries to secure additional funds. According to a spokesman of the Hanjin Group, its chairman has transferred $36 million (40 billion won) to Hanjin Shipping today so as to help… Read More ›
Research says Coffee Production would be Hit Hard by Climate Change
A new research report states that the quality, price and production of coffee would be dramatically impacted by climate change. According to the Sydney, Australia-based The Climate Institute, areas where coffee can be grown would be impacted to the tune… Read More ›
Customers Keep Coming to Branches as U.S. Banks Want to Close them down
The banking industry’s efforts to slim down are getting complicated by many U.S. customers who are not ready to give up regular visits to their nearest branch despite the banks’ nudging toward online tools. According to Federal Deposit Insurance Corp… Read More ›
Coffee Cups Next to be Charged in UK After Charge on Plastic Grocery Bags?
The British government has forecast there will be 6 billion fewer bags in circulation and a boost to the environment, thanks to a 5 pence (6 cent) charge on single-use plastic grocery bags in the U.K. “Taking six billion plastic… Read More ›
New Bank’s Greater Understanding of Developing World Backed by China
Since the Asian Infrastructure Investment Bank (AIIB) has a greater understanding of the developing world’s needs, this China-led bank will be different from institutions like the World Bank. This confidence filled message was conveyed by the officials of the bank… Read More ›
Saudi Arabia – Largest Crude Producer, sees Fading of Oil Glut
Strong signals that the glut that has plagued the oil market since 2014 is coming to an end is getting evident in Saudi Arabia, a country nearly synonymous with plentiful crude supplies. In the longest stretch since the Joint Organizations… Read More ›
Tony Seba Predicts Lower Maintenance Costs would Soon Make Electric Cars Cheaper than Regular Cars
Tony Seba, a serial entrepreneur and author believes that cost-effectiveness rather than a green revolution would make all new vehicles being bought to be electric by 2025. Tony Seba opined these views at a Nomura investment forum. The internal combustion… Read More ›
With $2.8 Billion Demandware Buy, Salesforce Takes Aim at E-Commerce
Demandware Inc, whose software is used by businesses to run e-commerce websites, would be bought over by cloud-based software maker Salesforce.com Inc. the latter company said on Wednesday. The deal is expected to be worth about $2.8 billion. As Salesforce… Read More ›
