Sale of Yahoo to Verizon, Twitter setback and powerful earning from Goolge and Facebook highlighted the power of digital advertising world, and shocked the traditional media business all in a week. Digital advertising sales will be surpassing £200bn $264bn, global TV ad market, within the next three years with Google and facebook controlling 72 per…
Scientists have found over 30 billion tons of oil deposits in Bay of Bengal the largest bay in the world, two-and-half times the 13 billion tons of deposits that Iraq has, and almost as much as Saudi Arabia’s one of the world’s largest oil exporters. Despite the find, the gigantic deposits would be far in…
Daimler, the German car giant took a majority control stake of taxi app Hailo, the British black cabs bearing the yellow livery of Hailo. Hailo, the black cab hailing app which allows customers to order a taxi directly from their smartphone, announced on 26th July 2016, that it had merged with mytaxi, a similar service…
Yahoo, the US internet firm, which has more than a billion active users a month, is being acquired by American Telecoms giant Verizon Communications for nearly £3.8bn ($5bn) in cash. Yahoo will be merged with AOL another faded internet star, which Verizon bought last year. The price tag was much below the $44bn Microsoft offered…
The British government is in league with the retail giant Amazon to start testing flying drones that can deliver parcels to your door. Amazon is funding the programme, which will search for the best way to allow hundreds of robotic aircrafts to buzz around Britain’s skies safely. The company is aiming for small parcels to…
Banks including HSBC paid $5bn in regulatory fines twenty months ago, over their role in rigging foreign exchange benchmark scandal. This week, its British head of Forex cash trading Mark Johnson was arrested by US authorities at New York’s John F Kennedy Airport, and an arrest warrant was granted for his former sub-ordinate, Stuart Scott,…
Japan’s SoftBank has agreed to buy UK’s Arm Holdings for £24bn in a move that could make the British smartphone chip designer a leader in one of the big technology market, ”the internet of things”. It’s the biggest since Brexit, as it made cheaper for foreign companies like SoftBank to hunt for deals in UK. SoftBank…
Yahoo reported a $60m rise in revenue to $1.3bn for the three months to June 2016. The increase was mainly due to its core internet business and also mobile revenue leapt from $252m to $378m. Chief Executive Marissa Mayer said about attempt to sell its core internet business as the firm slumped to $440m (£332m)…
British Airway’s new check-in system developed a glitch which left passengers delayed for hours at Heathrow and Gatwick airports. Hundreds of British Airways customers have had their flights canceled or delayed due to a worldwide computer failure. The worst affected airport was Heathrow where the system was down from 6:45am to 8:50am on Saturday which…
An agreement has been reached to take over Poundland for £ 597m by South African retail group Steinhoff International. Poundland operates more than 900 stores across the UK, Ireland and plans in the UK and Spain and employs 18, 000 people, but recently announced declining profits. Steinhoff founded in 1964 by Bruno Steinhoff, in Germany who…