Tag Archives: billion

Apple has finished paying $15 billion European fine

Apple has finished wiring billions of euros to pay back illegal tax benefits to the Irish government according to Reuters. Overall, Apple has paid $ 15.3 billion (€13.1 billion) for the original fine as well as $ 1.4 billion (€1.2 billion) in interests. In August 2016 the European Commission ruled that Apple benefited from illegal tax benefits from 2003 to ...

Read More »

Why the Pentagon’s $10 billion JEDI deal has cloud companies going nuts

By now you’ve probably heard of the Defense Department’s massive winner-take-all $ 10 billion cloud contract dubbed the Joint Enterprise Defense Infrastructure (or JEDI for short).Star Wars references aside, this contract is huge, even by government standards.The Pentagon would like a single cloud vendor to build out its enterprise cloud, believing rightly or wrongly that this is the best approach ...

Read More »

Why the Pentagon’s $10 billion JEDI deal has cloud companies going nuts

By now you’ve probably heard of the Defense Department’s massive winner-take-all $ 10 billion cloud contract dubbed the Joint Enterprise Defense Infrastructure (or JEDI for short).Star Wars references aside, this contract is huge, even by government standards.The Pentagon would like a single cloud vendor to build out its enterprise cloud, believing rightly or wrongly that this is the best approach ...

Read More »

Jeff Bezos launches $2 billion fund to finance preschools and help homeless families

In a tweet this morning, Amazon founder (and the world’s richest man) Jeff Bezos announced that he and his wife were creating a $ 2 billion fund to finance a network of nonprofit preschools and donate funds to organizations helping homeless families. “The Day 1 Families Fund will issue annual leadership awards to organizations and civic groups doing compassionate, needle ...

Read More »

AI detects ‘mysterious repeating’ signals from ‘alien galaxy’ 3 billion light years away

Researchers at Breakthrough Listen, a project involved in the search for extraterrestrial intelligence (SETI), have used AI to study signals from distant galaxies and found that we may have missed a lot in the hunt for alien life. The team, led by UC Berkeley doctoral student Gerry Zhang, examined a phenomena known as Fast Radio Bursts or FRBs. These are ...

Read More »

Walmart completes its $16 billion acquisition of Flipkart

Walmart announced over the weekend that it has completed a $ 16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company. The deal was first revealed back in May and now it has closed after receiving the necessary approvals. It sees Walmart take a 77 percent share in the company, buying out a number ...

Read More »

Walmart completes its $16 billion acquisition of Flipkart

Walmart announced over the weekend that it has completed a $ 16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company. The deal was first revealed back in May and now it has closed after receiving the necessary approvals. It sees Walmart take a 77 percent share in the company, buying out a number ...

Read More »

Walmart completes its $16 billion acquisition of Flipkart

Walmart announced over the weekend that it has completed a $ 16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company. The deal was first revealed back in May and now it has closed after receiving the necessary approvals. It sees Walmart take a 77 percent share in the company, buying out a number ...

Read More »

China threatens tariffs on $60 billion in US goods

Beijing has announced plans to slap import taxes targeting 5,207 American products worth $ 60 billion in retaliation to trade tariffs on Chinese goods imposed by the US. The tariffs would range from 5 percent to 25 percent. “The implementation date of the taxation measures will be subject to the actions of the US, and China reserves the right to ...

Read More »

Grab picks up $2 billion more to fuel growth in post-Uber Southeast Asia

Grab, the ride-hailing service that struck a deal to take Uber out of Southeast Asia, has announced that it has pulled in $ 2 billion in new capital as it seeks to go beyond ride-hailing to offer more on-demand services. The $ 2 billion figure includes a $ 1 billion investment from Toyota which was announced in June, and it ...

Read More »
Show Buttons
Hide Buttons
error: Content is protected !!