A deal between Irish manufacturer of dairy products Ornua and Seychelles Trading Company with help of blockchain technology took less than four hours. Traditionally, this process takes seven to ten days. Irish dairy producer Ornua became the first company in the world to hold a real deal with...

During many years, Goldman Sachs has been guarding its software Securities DataBase (SecDB) from competitors. but now it has opened access to its customers. SecDB is the main instrument by which Goldman Sachs evaluates risks and analyzes value of securities, commodity contracts, derivatives,...

Dell Inc. announced closing of purchase of EMC for $ 67 billion. Thus, the largest merger in the history of high-tech industry has been sealed. Private technology company Dell Technologies will develop and promote IT-services and infrastructure for business needs. The new combined company, to be...

The investment firm TPG will buy the majority stake in cyber security division of Intel Corp, formerly known as McAfee, for $3.1 billion in cash, the latter announced.     Valuing the entire company at $4.2 billion including debt, TPG will own 51 percent of the new entity. A 49 percent...

Private tutions is big business in Singapore.   The growth of this informal sector is epitomized by the JC Economics, founded by Anthony Fok, one of the best-known faces of Singapore's booming private tuition scene. And it has been just three years that this one-man operation is bringing in...

German carmaker Volkswagen AG signed a protocol of intent with China's Anhui Jianghuai Automobile Co. (JAC), on production of electric vehicles in China. Volkswagen is counting on a long-term partnership with Anhui Jianghuai, says message of the German company. The parties are negotiating a joint...

After the Mexican food chain Chipotle Mexican Grill Inc, the once high-flying company, was battered by food-safety issues, activist investor William Ackman's hedge fund took a 9.9 percent stake in fast-casual Mexican food chain.   The company's shares, which closed at $414.07 on Tuesday,...

The enhanced demand for data localization is spreading across Europe and around the world and this has promoted Microsoft Corp to introduce a complete set of cloud services from data centers in Britain.   Britain is the US tech giant’s second biggest market for cloud-based software after the...

The Norwegian oil company Statoil announced an agreement with British Tullow Oil to buy a stake in four licenses for oil drilling off the coast of Norway, including a 20% stake in newly opened Wisting field in the Barents Sea. The deal will allow Statoil to increase its stake in Wisting deposit up...