Tag Archives: Business News

Recently Volvo Cars introduced its first electric car dubbed the XC240 recharge. This indicates that the company is looking forward to moving from mechanical only cars to electric cars which are becoming in vogue in recent times. In a series of firsts, the XC240 recharge is unique in its own right as a car. It is not only the first electric car made by the carmaker, it is also the first car in Volvo’s brand to have its onboard entertainment system to be based on Google’s Android.As also the...

Samsung SDS, the IT unit of South Korean electronics king Samsung, has started pilot testing of its medical insurance network based on blockchain. To test the new system of medical claims processing, Samsung SDS has signed a number of medical institutions and insurers that were offered to assess the performance and effectiveness of the system.As CoinDesk Korea has reported, the medical claims processing system is expected to go live later this month. During the Blockchain Seoul 2019 event...

Warren Buffett is causing yet another market buzz with his next line of action, and this time, his investor-compass is pointing again at the Bank of America. The seasoned investor wants to up his stake in the bank past 10%, and this planned move is already raising eyebrows.Berkshire Hathaway, Buffett’s company, made it clear in a Fed filing that its intentions do not include any merger, selling of Bank of America assets or the introduction of a new business strategy, rather all it is after is...

Helios Towers which is one of the key operators of towers for several mobile networks across Africa has successfully raised about 288 million pounds (or $364 million) in an initial public offering. It’s worth mentioning that IPO was delayed last year due to concerns on political tensions in key markets where the tower operator has core operations.The offering which though was supposed to be valued at $500 million was well-received in a season of low-key offerings and others which have been...

The financial technology industry is booming and many investors have noticed that. In that context, investment in fintech ventures in Singapore rose rapidly. The latest reports from Accenture confirm that in the first 9 months of the current year, investors in Singapore brought a record $735 million into financial-technology deals. That represents a 69% surge from the prior-year period that raked in $435 million.Accenture came up with this data after analyzing reports from CB Insights,...

The world’s leading car producers — BMW, General Motors, Ford, Renault, and Honda — have been working on the blockchain car identification and payment system under the Mobility Open Blockchain Initiative (MOBI) since last year. Next month, automobile giants will start testing a vehicle identification network in the United States.As Nikkei Asian Review has reported, the car producers have an aim to integrate the blockchain system to automatically make payments on typical commuting routes. This...

Photo: Alessio Jacona / FlickrIt seems that Facebook CEO Mark Zuckerberg decided to go other way and against everything he once was talking about. Since he is loosing all the biggest supporters at the enormous speed, he has started turning to the white supremacists, leaders and journalists who have been known for supporting, well, white race to be exact.Politico reported Zuckerberg has been organizing dinners with conservative leaders as, for example, is Republican Sen. Lindsey Graham,...

In recent news, Porsche has presented another version of their new all-electric Taycan. The new model is called Taycan 4S and comes with the same chassis, suspension, and permanent magnet synchronous motors. Just a few weeks ago in September, the company introduced the electric Taycan in general, Taycan Turbo S and Taycan Turbo in particular. This “cheap” version is a little bit slower, lighter, and much cheaper. By saying cheap, we mean around $100,000. While the fast and powerful versions...

On Tuesday the 15th of this month Google’s annual hardware event will be occurring and much has been expected this year; some of the things to expect have been leaked to the media already. The main center of attraction will be the Pixel 4 with similar features to Apple‘s iPhone 11. With the recent media leaks of the event in general and the Pixel 4 in particular, it seems that we already know everything there is to know about Googles’ star product.The truth, however, is that there may be more...

The eyes of the world are currently on the United States and China, as the trade deal negotiations between the two economic powerhouses are taking new turns. Over the last two years, both countries have shown restraint in coming to a mutual consensus. However, there was a renewed optimism in the market after last Friday’s positive results in the trade talks.After the U.S. suspended its next tariff increase on Chinese imports, the U.S. stock market saw a major rally on Friday. The Dow Jones...