The United States has blocked startup CloudMinds, backed by SoftBank, from sharing technology developed in the US with its China business, claimed a report published by the news agency Reuters. This incident shows how the increased interference by the US government is creating issues for tech...

Blackstone Investment Fund acquires IQ Student Accommodation, which owns 66 dormitories with 28 thousand beds in the UK. Blackstone will pay Goldman Sachs and the Wellcome Trust, now the owners of the company, $ 6 billion. This will become the largest real estate transaction in the history of Great...

Covid-19 outbreak could collapse Baidu’s Q1 revenue by thirteen percent. Chinese search engine giant Baidu Inc stated, its first quarter revenues could fall as much as much as 13% from a year earlier following the coronavirus epidemic which has slammed the brakes on China’s economic activity....

Hyundai’s Ulsan factory’s worker fall victim of corona virus. The company suspends the operation and is busy disinfecting the facility. On Friday, in a statement, Hyundai Motor stated, production at one of its factories in the southeastern city of Ulsan has been suspended following one of its...

Wells Fargo to pay $35million fine for failure to inadequately supervise sale of high risk products. In a statement the Securities and Exchange Commission has ordered Wells Fargo & Co to pay $35 million towards its failure to inadequately supervise investment advisers who recommended high-risk...

There can be as much as a 13 per cent year on year drop in its first quarter revenues because of the sudden and extensive slowdown of economic activities and advertising because of the spread of the coronavirus, said China’s biggest search engine company Baidu Inc.   The company said that it...

Hollywood actor Steven Seagal will pay a total of $ 314 thousand to settle claims by the U.S. Securities and Exchange Commission (SEC) in connection with concealment of the remuneration received for advertising the initial public offering of tokens (ICO) of Bitcoiin2Gen (B2G). According to SEC, the...

Both the International Monetary Fund and the World Bank are contemplating to scale down their Spring Meetings to be held in April or conduct them through teleconference because of the growing concerns within these global financial institutions about the fast spreading of the coronovirus, said a...

Microsoft has lost optimism over the coronavirus. The company lowered its estimate of revenue for the current quarter, deciding that an outbreak would negatively affect sales of Windows software and Surface devices. In January, the tech giant predicted from $ 10.75 billion to $ 11.15 billion in...