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Payments giant MasterCard recently agreed to buy Denmark-based payments platform called Nets for 2.85 billion euros ($3.19 billion). This is the largest acquisition in the history of the company. Faster payments MasterCard bought Nets to bring faster payments to its userbase and help push it further in the dynamic world of online payments, now populated…
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US banking giant JP Morgan confirmed that it will be holding a majority equity stake in a Chinese asset management joint venture. The company received the stake in a recent auction. JP Morgan’s foothold in China While the US and China relationship is rocky, JP Morgan is making new strides in the giant Asian economy….
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American broadcast company Fox Corp agreed to buy Credible Labs Inc., a fintech company, in a $397 million deal. The online finance broker could be Rupert Murdoch’s way of fueling the growth of his company as he sold its film and TV assets to Disney. What are Credible Labs all about? The San Francisco based…
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Best Business Loan providers in 2020:
When is the best time to apply for a business loan? What should you look for in a business loan company and what are the best loan providers today? We tell you about all these here…
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Reports for investment in the Middle East and North Africa (MENA) region reveal that the UAE received the highest inbound investment in the area. The country completed 20 deals in the first six months of 2019, and these deals are worth a total of $14.4 billion. Some of the biggest deals in this period involved…
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Apple, one of the biggest software and hardware companies in the world, is spending money to expand even further. That’s right, in the last quarter alone, the group spent $4.2 billion on research, development, and more, we’ve learned from its earnings report, according to CNBC. This number cost around 7.9% of its overall revenue, the…
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Unfortunately for the computer giant, IBM reported a lower earnings forecast this year in its latest quarterly report. This change is mostly due to the company acquiring Red Hat, an “American multinational software company providing open-source software products to the enterprise community,” last month. According to CNBC, this lowering “reflects a $2.2 billion purchase-accounting adjustment”…
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EV manufacturing firm Tesla is reportedly planning to test its solar roof at its Fremont, California-based factory. Recently revealed building permit indicates a new direction in the company’s business. Solar ambition takes hold Tesla is looking to establish “a test structure to evaluate Tesla solar roof product and installation process,” states the building permit issued…
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Popular music streaming application Spotify is growing faster than many expected. This is largely thanks to its recent expansion into podcasts, we’ve learned via an earnings report thanks to The Verge. According to the report, Spotify’s podcast audience went up over 50 percent since the previous quarterly report, and close to double the numbers from…
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The former employees and investors of VoiceBox Technologies recently filed a lawsuit against e-commerce giant Amazon in a Delaware federal court. The petitioners claim that the tech giant infringed on at least six of its patents related to natural language and speech recognition. VoiceBox’s patents against Amazon VoiceBox started in 2001 and ended up gaining…
