In a surprise, the co-founders of Instagram announced their intention to resign form the company that they had founded but offered no explanation about the reason of their departure.   According to a statement issued by the social media platform’s Chief Executive Kevin Systrom issued late on...

American financial holding JP Morgan reported that more than 75 banks have joined its Interbank Information Network (IIN) based on the Quorum blockchain. JPMorgan is among the few banks that are trying to make blockchain mainstream technology of the financial sector. According to the Financial...

The Ministry of Finance of Belgium informed people about the deficit of coins worth one and two euro cents. The Belgian state earlier refused to coin copper coins of this denomination because of the high cost of the process. "People should use their coins for their intended purpose; keeping them...

Salesforce.com would be helped by Apple Inc to imbibe more of the features of Apple such as its Siri voice assistant into the mobile apps of Salesforce according to a proposed partnership between the two companies. The apps of Salesforce are used widely by the sales and marketing firms.   On...

Signals from oil cartel Opec that there would not be any immediate increase in production and a general tightening of the oil market resulted in the price of Brent crude reaching a high since November 2014 at $80 a barrel on Monday.   There were some enthusiastic investors and traders...

South Korean SK Hynix and Japanese Mitsubishi Electric, Toshiba Machine Co. and Komatsu began to plan transfer of production back in July, when they were hit by the first duties, and now these plans are being implemented, representatives of companies and other sources familiar with the situation...

Wall Street is convinced that Tesla needs additional funds. Earlier, analysts at Morgan Stanley said that the company could raise $ 2.5 billion this year, as it increased production and was preparing to pay debts. However, Elon Musk will need more, and analysts agree that Tesla will be able to...

The very controversial decision by sport equipment maker Nike to make use of controversial sports personality of Colin Kaepernick in an ad campaign recently, that drew very sharp criticisms form people – which also included United States President Donald Trump, apparently appears to have been very...

Adobe Systems Inc. is set to acquire software maker Marketo Inc. in  a deal that has been reported to be worth $4.75 billion. This deal is expected to enhance the effectiveness of its marketing tools which would then enable Adobe to give a tough fight to Salesforce.com Inc. and Oracle...