Ripple Undertakes Series B Funding Round Worth $55 Billion

Ripple

The technology has the ability to disrupt current banking practices, but current blockchain technology has not yet achieved it. The new round of funding might change things. Ripple, a digital currency company, announced that it will be rolling out a Series B round worth $55 billion, and partnerships with...

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Oracle

Former Oracle Finance Manager Raises Lawsuit Over Accounting Practices

Oracle has said it intends to vigorously defend the matter. A former senior finance manager at Oracle Corp raised a lawsuit against the company on Wednesday...

Alibaba

Softbank To Sell $7.9 Billion Of Alibaba Shares, Reducing Holding By 4%

Alibaba shares were down 2.8 percent following the news. Softbank Group Corp said that it is going to sell its shares in Alibaba Group Holding Ltd amounting...

Satya Nadella with Chinese President Xi Jinping

Microsoft CEO Visits China, Expected To Meet Officials Over Anti-Trust Probe

Microsoft CEO, Satya Nadella (right) with Chinese President Xi Jinping (left) during the presidents visit to their Redmond campus in 2015. Microsoft CEO,...

Himeji Panasonic

Panasonic To Close Loss Making TV Screen Manufacturing Division

The Himeji Panasonic plant which is built on reclaimed land. Panasonic Corp on Tuesday announced that it would be shutting its television screen manufacturing...

PLDT & Globe

PLDT, Globe Acquires San Miguel Telecoms Securing Wireless Dominance

PLDT is estimated now to hold 57 percent of the wireless market share and Globe to hold 43 percent. Globe Telecom Inc and Philippine Long Distance Telephone...

Snapchat

Snapchat Raises Additional $1.8 Billion With Potential $20 Billion Valuation

Snapchat is forecasting revenues as high as $1 billion in 2017. Snapchat Inc., the Los Angeles-based start-up featuring disappearing messages, raised $1.8...

Vehicle Charging Point

Apple Rumoured To Be Looking Into Electric Vehicle Charging Stations

Currently there is a shortfall of charging stations especially as Tesla is due to release its Model 3 sedan. Apple Inc is heading into the territory of...

Google France

Google’s French Offices Raided As Tax Investigation Escalates

Pictures of Google’s offices in Paris. French police and officials raided Google’s French offices in Paris on Tuesday, escalating its ongoing...

Nokia

Nokia May Make 10,000-15,000 Worldwide Jobs Redundant

Nokia is expected to cut numerous roles after it merged with Alcatel-Lucent. Nokia, the Finland-based telecom network equipment maker, is likely to lay...

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