The US Senate voted to advance a new version of its bill designed to boost semiconductor production in the United States. The new bill has cleared a key hurdle in a 64-34 vote even as the lawmakers of the US have worked to finish different sections of the legislation. The bill, which will provide around […]
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Streaming giant Netflix has added 1.1 million paid subscribers in the Asia-Pacific region in the second quarter of 2022. The ARM (Average Revenue per Membership) was two percent, because of the impact from their price decrease in India in December 2021, along with plan mix. In December 2021, Netflix announced new and reduced prices in […]
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BankiFi, a company providing banking solutions, announced its expansion into North America with the launch of BankiFi Americas. The growth and expansion of the organization into the United States market will now support the unique digitization and payment modernization requirements of small and medium businesses, while placing financial institutions at the centre of the relationship. […]
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The European Union will ease its sanctions on Russia by allowing the unfreezing of some funds of top Russian banks that may be required to ease bottlenecks in the global trade of food and fertilizers. This move comes amid criticism from leaders of Africa about the negative impact of the sanctions on the trade, which […]
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Starbucks has asked its adviser Houlihan Lokey to assess interest for its operations in the United Kingdom. The coffee chain continues to evaluate strategic options for the company’s owned international operations. A spokesperson of Starbucks said it is not in a process of formal sale for the business of the company in the United Kingdom. […]
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Siemens Digital Industries Software announced that it has entered into an agreement to acquire ZONA Technology, Inc., a specialist in the field of aeroelastic simulation solutions. This addition of the ZONA Technology, Inc. technology to the Xcelerator portfolio of Siemens will assist the customers in making their digital threads as comprehensive and as efficient to […]
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The industrial automation business of Wipro Infrastructure Engineering, Wipro PARI, announced it has signed an agreement to acquire Hochrainer GmBH, company based in Germany. Hochrainer GmBH, is in operations since 1973 and is employing around 130 people. Wipro has established itself as an important supplier of automation technology and assembly systems for many global automobile […]
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The United Arab Emirates (UAE) will invest 2 billion dollars in India to develop a series of integrated food parks, and the United States of America will set up a hybrid renewable energy project in the region of Dwarka, Gujarat, India, with an investment of 330 million dollars under the I2U2 framework. This news was […]
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Computacenter, one of the largest IT solution providers in the United Kingdom, said it has acquired Business IT Source in a bid to increase its market reach in the Midwestern region of the United States. With this acquisition, Computacenter is getting 100 new employees based in the United States who are expected to work with […]
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The current inflation rate in the United States is 9.1 percent. Inflation Inflation is a situation when the purchasing power of a currency decreases over time. This decreasing purchasing power can be reflected in the increase in average price level of the goods and services in the economy of the country during the same period. […]
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