Nvidia acquring Mellanox Technologies for around $6.9 billion
Nvidia confirmed it will acquire Israeli chip designer Mellanox Technologies for around $6.9 billion - $125 per share in cash - reportedly outbidding Intel...
Financial firms have moved £900bn out of the UK because of Brexit
Brexit has caused financial firms to move £900 billion out of the UK, according to a report by New Financial on the impact of...
Norway’s $1 trillion pension fund to cut investments in oil and gas
Norway’s trillion-dollar Government Pension Fund Global (GPFG), one of the world’s largest funds, announced that it will begin to divest from oil and gas...
Philadelphia becomes first US city to ban most cashless stores
Philadelphia has become the first city in the US to ban most cashless stores.
Cashless stores are those that do not accept cash - transactions...
New York’s iconic Chrysler Building to be sold for just $150 million
New York’s iconic Chrysler Building will be sold for around $150 million, a fraction of what it had previously been purchased for, according to...
US economy only added 20,000 jobs in February, wages continue to rise
The US economy added 20,000 jobs in February while wages continued to rise, according to a recent report by the US Bureau of Labor...
Airbnb acquiring hotel-booking service HotelTonight
Airbnb has signed an agreement to acquire the hotel-booking service HotelTonight for an undisclosed sum.
HotelTonight is an online travel app for users to...
European Central Bank announces fresh stimulus, won’t hike rates this year
The European Central Bank (ECB) announced it won’t be raising interest rates in the eurozone until 2020 amid a "sizeable moderation" in growth in...
OECD cuts forecasts for global economic growth in 2019 and 2020
The OECD cut forecasts for global economic growth this year and in 2020 amid Brexit uncertainty and ongoing trade disputes.
The organization forecasts that...
Amazon working with Mexico’s central bank to launch mobile payment system
Amazon is reportedly working with Mexico’s central bank to launch a new government-backed mobile payment system that will let shoppers make payments using QR...