The Federal Trade Commission has blocked tech giant Microsoft in its attempt to acquire the video game developer Activision Blizzard, Inc. This would be Microsoft’s largest deal that strategically wipes out the competition in the video gaming industry. Owning the gaming franchises such as Call of Duty, the alleged $69 billion deal was held back …
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President Joe Biden gave his assent to a large defense bill on 23 December 2022, Friday which involves major infrastructure developments. Via the Water Resources Development Act that directs the Army Corps of Engineers, the bill targets the betterment of navigation and protection against storms worsened by climate change. This is the biggest project by …
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Making another record for itself, Amazon Inc has become the world’s first public company to lose a trillion dollars in market value. The tanking prices have been attributed to rising inflation, tightening monetary policies, and disappointing earnings updates. Earlier in the year, the company had predicted the generation of $140 billion to $148 billion in …
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To reduce the reliance on Asian manufacturing and quell concerns from US and European lawmakers about potential security threats and supply disruptions due to geopolitical tensions, Apple CEO Tim Cook confirmed on Tuesday that Apple would buy microchips made in the US at the new Arizona factory. The announcement was made at the opening ceremony …
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Huawei, a Chinese tech giant, announces a global patent cross-licensing agreement with Oppo, a leading competitor in the tech industry. This agreement allows the two companies to share their intellectual properties and take leaps of innovation. With more than 20 years of innovation, Huawei was, at one time, the world’s largest smartphone manufacturer. They shipped …
Continue reading “Chinese-tech Giant, Huawei, Is Now Selling 5G Patents To Competitors.”
Elon Musk has done it again—he’s brought the fight out into the open. This time it’s against Apple Inc. And it is a fight that is bound to be exciting. There are no legal tricks he could pull off, public shaming he could inspire, or any money he could throw away in pursuing both, that …
Pizza is certainly one of the most filling foods, and when it comes to pizza, one of the most anticipated names is Domino’s, with its widespread availability across the world. But, when it comes to the demand for pizzas, especially Domino’s, the US residents win it. This excess demand has led to a shortage in …
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The international aviation industry has already discussed its plan to obtain net zero carbon emissions by 2050. The authentic equipment manufacturer, namely, the renowned Boeing is decidedly traversing its way to convert the airline’s present fleet to an absolute 100% sustainable aviation fuel (SAF). To throw some light on SAF, it is a biofuel presented …
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If the tech giants decide to undertake significant operating and CapEx cuts, the chip industry may be in for an extended slump. Amazon, Google, and Microsoft operate the largest public cloud services and have collectively shelled out $120.6 billion in capital expenditures in the last four quarters. Along with Facebook, they plan on scaling back …
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Imported cost pressures and currency weaknesses have accelerated Japan’s core consumer inflation index to 3.6% year on year in October – a 40-year high. The Bank of Japan’s ultra-loose monetary policy coupled with even lower interest rates have together resulted in inflation rising way above its target of 2% in one year. The nearly 3.6% …
Continue reading “Japan’s inflation hits a 40-year high as BOJ sticks to easy policy.”
