Search Results for: Apple
Microsoft buys UK AI firm SwiftKey
February 3rd, 2016
UK-based artificial intelligence firm SwiftKey has been acquired by Microsoft, the company has confirmed. The Financial Times reports the deal is worth $250m (£174m). SwiftKey is known for its predictive keyboard, which can be found installed on millions of ...
Reserve Bank of Australia decided to leave the cash rate unchanged
February 2nd, 2016
At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The Reserve Bank of Australia has issued a press release to inform on its decision on interest rate. According to the statement: ...
Deloitte UK launches a new regulatory and investor reporting managed service
February 1st, 2016
Deloitte UK launches Prisma, a new regulatory and investor reporting managed service The service supports global regulatory requirements, including new PRIIPs regulation. Deloitte, the business advisory firm, today launches Prisma, which helps investment managers, banks and insurance firms to ...
Big Companies, Huge Problems
January 28th, 2016
Apple is far from the only iconic US company that’s signaling a global slowdown. Three more are in the news today: “Caterpillar warns equipment sales still falling (CNBC) – Caterpillar saw retail sales of machinery fall 16 ...
China shares tumble again, taking 2016 losses to $2 trillion
January 27th, 2016
Chinese shares fell sharply again on Wednesday after plunging in the previous session, taking losses in 2016 to nearly 25 percent or 13 trillion yuan ($2 trillion). The benchmark Shanghai Composite Index SSEC was down 3 percent in afternoon ...
Visa’s contactless payments soar by 250pc in the UK, as firm reports record revenues in Europe
January 26th, 2016
Cash is no longer king in the UK, where Visa Europe‘s contactless payments soared by 250 per cent last year. The electronic payments business said that people purchasing items by waving their Visa credit or debit cards over payment terminals ...
Legal fight over the shape of the iPhone
January 21st, 2016
Tech Giants Back Samsung at Supreme Court in Apple Patent Fight A legal fight over the shape of the iPhone could have big repercussions, a tech industry trade group warns. A trade group for Google, Microsoft, and other big ...
Commission concludes Belgian “Excess Profit” tax scheme illegal; around €700 million to be recovered from 35 multinational companies
January 11th, 2016
The European Commission has concluded that selective tax advantages granted by Belgium under its “excess profit” tax scheme are illegal under EU state aid rules. The scheme has benefitted at least 35 multinationals mainly from the EU, who must ...
Samsung Electronics Announces Earnings Guidance for Q4 2015
January 8th, 2016
Samsung Electronics announced its earnings guidance for the fourth quarter of 2015. Consolidated Sales: Approximately 53.0 trillion Korean won Consolidated Operating Profit: Approximately 6.1 trillion Korean won The above figures are estimates of consolidated earnings based on K-IFRS. Korean disclosure regulations ...
World Bank:Anemic recovery in emerging markets to weigh heavily on global growth in 2016
January 7th, 2016
Weak growth among major emerging markets will weigh on global growth in 2016, but economic activity should still pick up modestly to a 2.9 percent pace, from 2.4 percent growth in 2015, as advanced economies gain speed, according to ...
