Apple Music has gained another million subscribers, following its previous 10 million members. It means that Apple is chasing to compete tightly with its competitor, Spotify.
Sectors
Vodafone to forge ties with Liberty Global for Dutch market
UK-based Vodafone and US cable group firm Liberty Global are combining their operations in Netherlands market to float a joint venture. The combined JV is expected to be operational by end of 2016. Vodafone has agreed to pay €1 billion (£770 million) after excluding Ziggo's net debt of €7.3 billion.
Palantir Technologies Acquire Kimono Labs to Strengthen Its Data Extraction Capacity
Data analysis company Palantir Technologies Inc acquired Kimono Labs to increase its data collection capacity. Following the acquisition, Kimono Labs will shut its service on February 29, 2016.
Iran Delivers First Crude Oil Shipment to Europe After Nuclear Deal, Planning To Increase Oil Production
Iran has started to export its crude oil to Europe after a landmark nuclear deal was achieved. The sanctions lifting becomes a new chapter for Iran to rebuild its oil industry, and increase the production per day.
Former MD sues CVC Capital over gender discrimination
A former Managing Director of CVC Capital Partners (US) Inc has moved court against the private equity (PE) firm over gender-discrimination. Lisa Lee, who complained against the company, has alleged that the firm was favoring male employees in more of unfair way.She criticized the company's measures in promoting less qualified male co-workers over her.
Latest News
Thai economy has reportedly grown 2.8% in 2015 while expected to grow by 2.8%-3.8% during 2016. The military ruler is about to loss support from the middle class segments due to sluggish economic growth. However, the growth in foreign investment portfolio brings some hope for the military ruler to boost up the economy.
R-Square Macro Management is increasing its exposure to Russian currency Ruble. It's hoping on rebound in Ruble as it fell 37 percent from the recent high in 2015. Some asset managers scaled back their wagers on Ruble amid high volatility in the Russian currency.
The recent market crash in Indian stock markets is driving funds from equities to mutual funds (MFs). As a result, fixed income mutual funds are witnessing increased inflows of funds amid ongoing bear market.
Google made a big investment last year to SpaceX, as a mean to help the company build space-based internet communication system. Meanwhile, SpaceX is scheduled to launched by February 24.
Whole Foods Market Inc is in the process of cost reduction. To promote sales volume, it's offering discounts and building relations stronger with suppliers. Whole Foods is expecting a savings of $300 million annually.
Alphabet Inc., the parent company of Google will expand its Google X Car project. The company announced to hire more expert in manufacturing and engineering to bring its self-driving car into the market.
The price of the oil dropped once again to $30 per barrel after Iran delivered its first shipment to Europe. This fall is seen as a boon for some nations while it is considered as a disaster for others.
London is the core economic hub of Europe. Leaving out from the European Union will force the businesses to be pulled out from the UK, argue some analysts. However, HSBC Board’s decision to retain headquarters in London appears to be the best answer to the believers.
Switzerland receives about 1000 emergency calls from hikers every year. In order to create a technology that could give a faster response and search more effectively for lost or injured hikers, a group of researchers developed a software with a combination of Artificial Intelligence. The software enable drones to autonomously navigate forest areas and direct themselves to hiking trails.
