Archives

GitHub faces overhaul as many executives quit

GitHub is experiencing a huge inner havoc as many executives flee from the company. Chris Wanstrath has been overhauling the firm's culture backed by its board.


Iran Sanctions Lifted: PSA Peugeot Citroen Will Pay $446 Million in Compensation to Get Back to Iran's Markets

Peugeot suspended sales from Iran in 2012 following nuclear sanctions expansion to the automobile sector. Now that the sanctions are lifted, Peugeot immediately strives to reinstate partnership to come back to the markets that cost it 10 percent of global deliveries when the sales are suspended. It costs Peugeot $446 million in form of compensation and services.

Sony Releases US Oriented Versions of Xperia Z5 And Z5 Compact Excluding Biometric Authentication

Sony has kept its words through releasing Xperia Z5 and Z5 Compact smart phones in committed date. But the US oriented version of the Z5 genre hasn’t inherited the biometric authentication system. This lacking will affect the consumers using Android 6.0 and thus shave Sony’s profit margin to some extents.

Morgan Stanley to increase staffs in Japan

Morgan Stanley intends to hire additional bankers in 2016 in order to contend with its rival Nomura. The company failed to present the exact number of staffs being hired.


Latest News

All the tech giants are investing heavily in the research and development of virtual and augmented reality products. Google has been reportedly planning a successor to the cardboard VR viewer. The smart phone based headset incorporating improved sensors and lenses will be housed in a solid plastic casing instead of a cardboard.
Contrary to earlier bullish predictions for 2016, several Wall Street strategists have started lowering their forecasts on S&P 500 stocks. The Chinese economy slowdown, volatile oil prices and interest rates are the major reasons for drop in forecast. The gap between highest and lowest forecast has been widening.
Android users can experience the new system update since 2015. Some remarkable new features include security improvement, performance management, user interface, storage improvement, and support to new innovations including the Type-C USB.
China's foreign exchange reserves had declined reaching to trillions. However, the government made efforts to support the local currency from dropping further.
The case was brought to Central Jakarta District Court in 2014, and the decision was ruled by the court last year. The plaintiff made the case by presenting the Indonesian trademark law which stated that a trademark could be deleted if the company had not used the name for commercial purposes in three years after registration or after the last use.
Messaging app Wiper has raised a total of $4.5 million seed funding from its investor Michael Choupak adding $2 million dollars. The service launced $4.99 monthly subscription fee to preview and watch thousands of original short and long, inexpensive indie films that can be compared to expensive Hollywood movies.
The failure of Takata's airbag inflators are keeping pressure on several automobile giants. Volkswagen and Audi will recall Tiguan and Q5 model vehicles for defective airbags made by Takata. Dealers of automobile companies will replace the defective side airbags of Takata at free of charge.
Some of the biggest hedge funds have initiated bets against the Chinese yuan. The world billionaire investors believe that they currency will still be devaluating.
It was confirmed by Verizon CEO Lowell McAdam that Verizon is interested in acquiring Yahoo. The Internet search company had difficult times in the past years as many other companies had their market share in the online and mobile business. This promts Yahoo to reconstruct its business including cutting jobs.
Nigeria as biggest economy of Africa is not able to meet demands for power supply for various reasons. Azura which generates power for Nigeria, is of view that for supply to increase the power transmission the grid must be expanded. And terms of the management of transmission grid which is run by a Canadian Company needs to be reviewed.