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German watchdog asks Apple, Google to look into blocking DeepSeek 06/30/2025

Fast food chain Raising Cane's surpasses KFC in US sales in 2024 07/01/2025

European businesses ask for two-year delay in introduction of AI law 07/04/2025

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Experts Finding Security Bugs to be Given Big cash Rewards by Apple

Apple is the latest company to join dozens of firms that already offer payments for help uncovering flaws in their products. The U.S. based maker of iPhones and operating system said that payment of up to $200,000 as rewards for researchers who find critical security bugs in its products was being...

Fannie Mae's profit dropped thanks to low rates in the US

Mortgage agency Fannie Mae will transfer $ 2.9 billion in dividends to the US treasury in September 2016. Meanwhile, the agency’s revenue and profit in II quarter have declined, which was largely causesd by low interest rates. Net profit of Fannie Mae in the II quarter was $ 2.95 billion compared...

Pfizer Inc. Acquired Bamboo Therapeutics Inc. For ‘$645 Million’

The acquisition of Bamboo can boost Pfizer’s gene therapy investment agenda. Bamboo Therapeutics Inc, a “privately held gene therapy developer”, has now been acquired by Pfizer Inc, whereby the deal was worth “$645 million”. The said acquisition was made by Pfizer in an attempt to enhance the...

Semi-annual loss of Tesla Motors grew by 70%

Net loss of Tesla Motors in January-June 2016 amounted to $ 575,455,000, which is approximately 70% higher than losses of the first half of 2015 ($ 338.4 million) according to the company's report, prepared in accordance with GAAP standards. In the first quarter of 2016, Tesla Motors’ losses...

Uber in China Outrun by Apple Backing Didi and Massive Funding of the Chinese Company

Uber's decision to agree a halt to a costly two-year battle with its rival in China was significantly influenced and accelerated by Apple Inc's $1 billion investment in car-hailing app Didi Chuxing in May. Discounted rides and doles for drivers, passengers and market share in the world's...

Weeklong strike deprived Air France of € 90 million

Strike of Air France’s flight attendants, which lasted from July 27 to August 2, brought losses of € 90 million to the airline. This was told by President and CEO of Air France Frédéric Gagey in an interview with news radio station France Info. "I think that end losses will amount to approximately...

'Fantastic Voyage' to Fight Disease Brings Pharma and Tech Closer

The rising trend of using high-tech devices that combine biology, software and hardware to tackle chronic diseases, the line between pharmaceuticals and technology is blurring as varying companies join forces. Unveiling a new joint company on Monday that aims to market bioelectronic...

McDonald's takes up healthy living

McDonalds has decided to get rid of artificial preservatives in meals such as Chicken McNuggets, sausages, omelets, as well as in breakfast sandwiches. McDonald's also replaced corn syrup rich in fructose, which is used in muffins, with sucrose. A year ago, the company promised to abandon...

US mobile communications market finished war for clients

The price war on the US mobile phone market stopped. After years of price reduction and shocking marketing offers, four of the country’s largest operator published results for the II quarter of 2016, indicating that prices have stabilized. Current steady position is linked to the fact that...

AB InBev increased purchase price for SABMiller

Board of Directors of brewer SABMiller approved a purchase proposal with increased costs from Anheuser-Busch (AB) InBev. Thus, the main obstacle on the way to merger of the two brewing giants has been overcome. Earlier last week, AB InBev sent to SABMiller an offer with the new conditions to...