Beijing is ready to weaken its requirements for quotas for the production of electric vehicles in China, said Foreign Minister of Germany Sigmar Gabriel. German automakers have been afraid of introducing hard quotas for many months. China is ready to ease stringent requirements for quotas for the...

The deal between PepsiCo and Vita Coco still rests on uncertain ground. PepsiCo Inc. is conducting acquisition talks with All Market Inc. The former manufactured soft drink and the latter owns Vita Coco, a “coconut water brand”, with its “celebrity investors” like “Madonna and Matthew McConaughey”....

There are media reports, based on source information close to Facebook that this social media giant is hosting an invitation-only summit dedicated to health on June 6 in New York. As a matter of proof, a section of the media even tracked down a screenshot of the invitation. "Health in the era of...

Experts think that established companies will create “platform services” while AI start-ups will “migrate more to applied intelligent apps”. CB Insights reports that totally thirty four “artificial intelligence startups were acquired” in the very first quarter of this year, whereby marking double...

BlackBerry to move onto vehicle security business against hackers, says analyst’s note. The Company of BlackBerry Ltd. has taken on board “at least two automakers” in its collaborative venture of developing a “security service” capable of “remotely” scanning vehicles to look for “computer viruses”....

Manufacturer of hard drives Western Digital has increased its offer for Toshiba’s semiconductor business purchase. Earlier, Western Digital offered about $ 14 billion for Toshiba Memory, which develops and sells flash memory chips. Now the bid has been increased to $ 17.8 billion. Western Digital...

The Saudi Arabian Sovereign Public Investment Fund (PIF) has agreed to invest $ 20 billion in a new Blackstone infrastructure fund, reported WSJ and Bloomberg. Blackstone intends to attract another $ 20 billion from other investors. Taking into account the debt financing, the new fund will be able...

New firm ‘HuntsmanClariant’ will provide “substantial financial strength and flexibility”. Huntsman and Clairant are in a merger agreement, whereby both the chemical companies reported about its merger plans of creating a “global firm” under the name of HuntsmanClariant with a value of “$20...

Netflix held an IPO 15 years ago. Then, the company was valued at $ 300 million, and the giant’s current market value approached $ 68 billion. Netflix shares have grown almost 13,000% since the moment they entered the stock exchange, and market capitalization climbed by 22,000%. What is the secret...