Amazon, the retail giant has made an offer to buy 60% of Flipkart, the Indian e-commerce firm. This comes when Walmart is close to signing a deal to buy 60% of Flipkart for $12 Billion, with a $20 Billion valuation. Amazon’s offer includes a deal break-up fee of $2 Billion to assure that Amazon is […]
Month: May 2018
WhatsApp founder Jan Kaum has fallen out of terms with the parent company Facebook over issues of personal data usage. Consequently, he plans to exit Facebook’s board of directors. Facebook’s advertising model and its infringement into user’s data have left him displeased. It is to be noted that Facebook was fined $122 million by the […]
Telegram, the most widely used social media app in Iran has been banned in the country due to allegations of illegal activities. The government has suggested a few locally developed alternative apps. The app has also been blocked in Russia because of its refusal to offer access into encrypted conversations. To counteract the ban, Telegram […]
Four delegates representing member countries of the UN Security Council visited Myanmar’s controversial Rakhine State where allegations of human rights violation and army-led violence upon Rohingya Muslims, an ethnic group, by the government have been reported. The victims have sought refuge in nearby Bangladesh where they are housed in squalid living conditions. UN ambassadors met […]
The United States has offered temporary exemption from tariff imposition on steel and aluminum imports from the European Union, Canada and Mexico. US government considers levying tariffs on imports as a measure of impeding imports and supporting in-country metal manufacturers. Discontinuance of the exemption will be met with retaliatory actions from the EU and China. […]
In spite of several recent eruptions at the Streamboat geyser, the world’s largest geyser located at the Yellowstone National park, a massive volcanic eruption isn’t expected in the near future. The cause of the minor eruptions has been attributed to sheer randomness, although the volcanic potency of the region cannot be ruled out. Thermal sensor […]
Owing to an overheated engine, Alaskan airlines Flight 145 heading towards Honolulu from Seattle made an emergency landing at the Daniel K. Inouye International Airport in Honolulu on Friday night at 9.50 pm, 45 minutes before the designated landing time. The 157 passengers and 8 crew members aboard the flight are safe. Passengers expressed gratitude […]
The United States Wireless Communication Services Companies T-Mobile and Sprint are speculated to announce an all-stock deal on this Sunday. Rounds of negotiations between the companies over the years have allegedly resulted in Sprint arriving at a compromise due to anticipated 5G technology deployment by rival telecom companies Verizon and AT&T. The merger could meet […]
Working towards making peace amendments between the Korean countries, South Korea has removed its propaganda broadcasting loudspeakers installed along the borders while North Korea has promised the alignment of North Korea’s time zone with that of South Korea. This announcement is released as the meeting between the North Korean and US leaders is awaited upon. […]
Britain’s Interior minister Amber Rudd resigned on Sunday in the wake of an immigration scandal that adversely affected the Black community. Prime Minister Teresa May has apologized for the scandal and the government has offered compensation measures. The opposition Labor Party has challenged the involvement of May in the scandal while she handles final year […]