The rising level of technological innovations has finally reached Africa, bringing to the table a new wave of modernization to a continent that was once overlooked by some of the biggest companies worldwide. One thing the COVID-19 pandemic highlighted – and proceeds to linger – is the technological rage that came with it, as it […]
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Dutch health technology company Philips on Wednesday said it expected fourth-quarter core profit to drop around 40% to about 650 million euros ($739.25 million), hit by a global shortage of electronic components and the fallout of a massive recall of ventilators. Comparable sales fell 10% on a yearly basis to 4.9 billion euros, Philips said […]
Chipmaker titan Intel has recently removed from an annual letter directed to suppliers information referenced to China’s Xinjiang region following criticism for demanding suppliers to steer clear from the region. Only last month, the U.S.-based company was criticized on social media platforms in China for the letter sent to suppliers – published on the company’s […]
Metaverse property is basically an NFT. We cover what NFTs are in greater detail here, but essentially, they are unique, blockchain verified lines of code that represent a person’s ownership of something in a given blockchain. Most commonly, the Ethereum blockchain. Behind the inflammatory headlines, exclamation marks, and the open mouth face clutching YouTube thumbnails, what is […]
After COVID-19 pandemic took over, the world was never the same, and the same goes for the existential dilemma the world is facing when it comes to greenhouse gas emissions; despite President Joe Biden’s climate pledges, the U.S. is drifting from reaching its climate goals. A preliminary analysis by research firm, Rhodium Group, uncovered that the world’s largest […]
The godfather of all cryptocurrencies is starting the new year with a significant tumble potentially hitting a death cross, as Bitcoin fell by almost six percent, hitting below $40,000 for the first time since 2012, according to Bloomberg. Bitcoin hit its all-time low on New York trading, delivering a loss of approximately 14 percent. The asset’s value plunged […]
Healthcare communications software provider TigerConnect has raised $300 million in growth investment from private equity firm Vista Equity Partners, sources familiar with the matter told Reuters on Monday. The valuation of TigerConnect wasn’t known. It last raised $45 million at a valuation of $370 million in September 2020, according to PitchBook data, counting HealthQuest Capital […]
Canadian wireless giant Rogers Communications Inc said on Monday it had appointed Tony Staffieri as president and chief executive officer from interim CEO, following a months-long boardroom battle on who should lead the company. The dispute began after company Chairman Edward Rogers, the only son of the company’s late founder Ted Rogers, attempted to drop […]
Wall Street’s main indexes tumbled on Monday with Nasdaq leading the declines as technology stocks dropped on expectations of a sooner-than-expected rate hike that pushed U.S. Treasury yields to fresh two-year highs. While the Nasdaq pared its losses in the afternoon session it had earlier fallen as much as 10.37 percent below its intraday record […]
In the upcoming days, the gaming world will witness an altering event as Take-Two Interactive Software Inc. announced plans to acquire Zynga Inc in a $12.7 billion deal. The deal, which would heighten Zynga Inc’s valuation, also incorporated that the gaming firm’s shareholders will also get compensation of almost $9.68 per share owned by the […]