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Maersk Buys $845 million of Africa Oil Corp. assets

AP Moeller-Maersk will buy $845 million worth of Africa Oil Corp.'s shares to revive a declining energy unit in the North Sea. According to Bloomberg Business, Maersk will buy the African oil company's onshore exploration license in Kenya, and two more in Ethiopia.


HSBC and JPMorgan Chase Must Increase Their Cash Reserve According to New Rule

When Lehman Brothers collapse in 2008, it created a global economy setback. Global financial authorities work hard to prevent it from recurring. Now, they introduced new rules for the world's biggest banks to increase their cash reserve and avoid taxpayers bailouts.

Ericsson and Cisco pool resources to earn $1 billion each

Ericsson and Cisco make a merger-like deal, but really isn't to face rapidly changing global market and earn up to $1 billion for each company by 2018. Fortune reported that European gear mobile communication manufacturer Ericsson and Silicon Valley Internet gear giant Cisco went into a partnership that is focused on future networks that will help manage the cross-selling for the companies' end-to-end portfolio.

Android 6.0 Marshmallow OTA Update To Lenovo A7000, A7000 Plus, Viber P1, S1, K3 Expected Next Year

Chinese tech company Lenovo will first release the Android 6.0 Marshmallow update to A7000, A7000 Plus, Viber P1, S1 and K3 units next year.


Latest News

Social media is not just a communicating platform for local people but also for world-known celebrities and public figures who consistently post their thoughts over certain arguments. On Monday, White house launched a personal facebook account for Barack Obama to use in order to communicate his message over climate change through nontraditional channels, as reported by Reuters.
The US and Japan governments have made it clear that there wouldn't be re-opening a Pacific trade deal and further stated that any such attempt would further damage the whole pact.
The Moto X,Moto G and Moto MAXX is expected to obtain the Android 6.0 Marshmallow update soon. Some of the motorola units that are eligible for the OS update were also revealed.
The Samsung Exynos 8890 has started its mass production, according to some reports. This powerful chipset is expected to be used in the upcoming Galaxy S7.
The US Energy Information Administration (EIA) has lowered outlook for the US crude production in 2016. EIA has reduced the forecast for 2016 by one percent in the US oil production.
Blizzard confirmed that Heroes of the Storm will have new matchmaking and ranked match system. Heroes of the Storm will introduce new matchmaking system and some significant changes in ranked match lobbies.
The GPU-centric company Nvidia announced a new developer module called Jetson TX1 with an emphasis on machine learning to equip boards, drones, robotics, and other devices. The piece of machine learning hardware is described to be the size of a credit card.
Hit by its emission-scandal, Volkswagen is lagging behind in the global automobile market, while auto sales are encouraging picking up mostly in the US. The German auto giant is facing adverse conditions in the automobile market globally after the emission norms scandal broke. The company is struggling to get back angry dealers to business mode to prevent further loss.
Samsung is said to be gearing up for another innovative handset. The Galaxy Note 6 is expected to come in late 2016 and will include powerful features that are worth waiting for.
Bandai Namco has stayed firm with its promise of delivering great One Piece information from the beginning. One Piece: Burning Blood is no exception, as new details for the title has been noted to come forth.