The enterprise software company Salesforce showed a 23% increase in revenue after buying the messenger Slack, and revenue growth of 39%. Enterprise software and cloud services developer Salesforce raised its revenue and earnings guidance for the full fiscal year 2022 after closing its acquisition...

At the end of a Series B financing round, the market value of the artificial intelligence (AI) voice assistant Xiaodu Technology, owned by Chinese tech giant Baidu Inc, was fixed at $5.1 billion, the Chinese tech giant said on Tuesday,.   This successful funding round was conducted in the...

The conclusion of a regulator of the United Kingdom that the proposed $40 billion acquisition of British chip designer ARM by Nvidia Corp that the deal could reduce competition and weaken rivals was a huge blow to both the companies. The regulator also recommended a detailed investigation into the...

The fact that the global auto industry is still strongly facing the impact of the ongoing semiconductor chip shortage with no immediate signs of a resolution was reflected in the grim warnings issued this week by major auto companies of the world including Toyota and Volkswagen.   Auto...

The communication network equipment maker Cisco Systems Inc warned that the costs of its components will be continued to be driven up while there would also be delivery blockages for the rest of the year because of supply chain issues as the firm’ profit forecast for its first quarter was short of...

A class action against the global payments processor Mastercard was approved by a London court whose claim is more than 10 billion pounds ($14 billion-plus). 46 million British adults could be the claimants in the case with each of them potentially receiving about 300 pounds each if the case is won...

A judge in the US state of Alaska has invalidated a major oilfield development permit for ConocoPhillips from the previous US President Donald Trump era, the Anchorage Daily News reported, citing a court document. Late last year, the Trump administration approved a multi-billion dollar...

The world's largest retailers, excluding China, have had a change of leaders. Amazon came out on top in retail sales, displacing Walmart. The latter remains the leader in U.S. sales, but may give up that lead as early as next year. Jeff Bezos's Amazon online retailer has become the leader in global...

The State Administration of Market Regulation of the People's Republic of China has drafted new rules for antitrust regulation of the technology sector. It provides for further tightening of regulations for IT companies. The watchdog will collect public feedback on the bill until September 15,...