Kuwait telecom major Zain has decided to invest in technology firms that boost the weakening margins following the sluggish subscriber numbers and drop in revenues. As part of its investment strategy to boost margins, Zain will invest in two digital advertising companies. Zain is also focusing on smart city projects, online advertising, and television services.
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UniCredit to slash 7% workforce in cost-cutting drive
UniCredit is examining an option to trim its headcount as part of the cost cutting measures to enhance profitability of the bank. Towards this, the Italy's biggest bank by assets would cut 10,000 jobs or seven percent of the total workforce.
Credit Suisse fined $80M in dark pool trading charges
The Swiss bank Credit Suisse Group AG will have to shell out $80 million in fines and disgorgement to the US regulators in an alternative trading-related settlement case. Credit Suisse didn't reveal its operations in dark pool private share trading exchange to the clients.
NY regulator, 4 banks agree on Symphony messaging
Four major banks -- Bank of New York Mellon, Deutsche Bank, Credit Suisse and Goldman Sachs -- have reached an agreement with New York State's Department of Financial Services (DFS) over record keeping for the Symphony messaging system.
Microsoft to reveal latest devices for Windows 10 ecosystem on Oct. 6 in New York City
Microsoft sent invitations for a press event on October 6 to be held in New York City. It is more likely that the software company will introduce new devices for Windows 10 ecosystem. After its press launch in Germany, Microsoft is ready to unveil its newest set of devices. According to the reports, the event will start at 10 am ET. Lumia smartphones, Surface Pro 4 tablet and Microsoft Band 2 activity tracker will be highlighted on October 6.
Latest News
Jeb Bush in his latest speech and in his article in The Wall Street Journal (WSJ) came down heavily on 'Carried interest' of the corporate big shots while maintaining focus on tax structure. As part of the tax reform plan, his aim to using capital gains tax rate is also raising many eyebrows. Market analysts forecast that the move would pinch Wall Street's wallet significantly.
Google named John Krafcik, a former Hyundai Motors CEO, as the new chief executive for its self-driving car. Krafcik will serve the company later this month. John Krafcik, a former CEO of Hyundai Motors will join Google as the chief executive to handle its self-driving car. Krafcik is currently the president of TrueCar, an eCommerce site for automobiles. He's also been a chief engineer of Ford.
The Diamonds hit maker singer, Rihanna is now in a relationship with American rapper, Travis Scott. The two were spotted together multiple times. Rihanna reveals she really like Travis because of his personality.
The former "Mad Men" star finally showed up in public after his break up with his partner, Jennifer Westfeldt. He also revealed that his former girlfriend was more than just a girlfriend to him.
“Pretty Little Liars” is not giving up the throne of being one of the most thrilling teen drama of this time. It seems that season 6B will show more mysterious plots and more romance is expected to be seen as well.
Kedrick Lamar penned an emotional tribute to 2Pac to commemorate the iconic rapper. Hip Hop rapper, Kendrick Lamar paid tribute to the iconic rapper 2Pac on his 19th year death anniversary.
Samsung will issue Android 6.0 Marshmallow to Galaxy S6, Note 5, S5, Note 4 and other variants once it becomes available in the public. Enhanced features are also noted on the new Android OS.
iPhone Upgrade Program makes iPhone 6S and iPhone 6S Plus more affordable to potential buyers. There are great deals that the program offers such as instalment plan, phone unlock, AppleCAre+, and yearly upgrade.
CyanogenMod developers has released CM12.1 series to fight against Stagefright bug's loopholes. There are things to consider before and during the installation of the new OS version.
