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California-based Turo Expands its Services to the UK

25Sep By Gauri SinghNo Comments

USA

California-based Turo Expands its Services to the UK

California-based peer-to-peer car-sharing platform Turo is reportedly expanding its services to the UK, and his time, everyday car owners can actually use it. It was in 2016 that the company earlier expanded to the UK once but the services were only offered to small rental car companies under its commercial host program. However, this time anyone who owns or leases a 2008 model-year or newer vehicle can list it on the Turo app. All the vehicles rented by its pre-approved users are covered by the company’s insurance partner Allianz. The company since its launch has expanded services to markets like Canada and Germany. As of now, the firm has 8 million users. According to Turo CEO Andre Haddad, the UK is the company’s most-searched-for destination outside North America. “This makes ...

SparkLabs to Launch a Cybersecurity and Blockchain Program in the US

20Sep By Gauri SinghNo Comments

USA

SparkLabs to Launch a Cybersecurity and Blockchain Program in the US

Investment firm SparkLabs has announced that the company will be launching a cybersecurity and blockchain program in the US that’ll be located in Washington, D.C. from next year. The program will be led by former Startup Grind COO Brian Park and Mike Bott, who is ex-managing director of The Brandery accelerator. The program has been named as “SparkLabs Cybersecurity + Blockchain” and will kick off with an inaugural batch of companies in March next year. “We want to foster and grow a robust ecosystem in both cybersecurity and distributed ledger technologies. We believe these two verticals are synergetic by nature, but we will seek innovations beyond the overlap,” Park said in a statement. “It’s so early within this space that we are only seeing the Friendsters and MySpaces of the ...

Amazon Launches Amazon Go Checkout-free Store in Chicago

17Sep By Gauri SinghNo Comments

USA

Amazon Launches Amazon Go Checkout-free Store in Chicago

The retail major Amazon is all set to launch the next Amazon Go checkout-free store in Chicago. The new cashierless store will start operating today which is the first to open outside of Seattle. With this opening, the store will make use of proprietary technology made up of hundreds of cameras and sensors to see what customers have taken. The Just Walk Out tech allows customers to swipe in with their Amazon Go app, pick up what they want and walk out. When they leave, the items are automatically charged to the credit card on the account, without the need to talk to a cashier or swipe a barcode. This is really a convenient and time-saving method of shopping. With this move, the customers now won’t have to stand in the queue and wait for their turn to pay for their items. This hig...

Lehman Bankruptcy: 10 Years of The Biggest Fallout in Wall Street History

9Sep By No Comments

USA

Lehman Bankruptcy: 10 Years of The Biggest Fallout in Wall Street History

The moment was happened in September 2008 when the 150-year-old investment bank Lehman Brothers collapsed, precipitating the worst global economic crisis since the 1930s. After failing to find buyers for the troubled financial giant, that was weighed down by risky debt holdings made up of at sub-prime mortgages, U.S. authorities declined to offer a bailout and allowed the institution to fail. Monday, September 15, 2008, at 1:45 a.m., Lehman Brothers filed for bankruptcy, taking the world by surprise leaving well over $600 billion in debt, as well as 25,000 employees in shock. It was the biggest bankruptcy in American history. On Wall Street, the Dow Jones plunged 500 points, the largest drop since the attacks of September 11, 2001. Stunned traders streaming out of the building car...

PUBG Gaming Mobile App Crosses 3 Million Downloads in the US

8Sep By Gauri SinghNo Comments

USA

PUBG Gaming Mobile App Crosses 3 Million Downloads in the US

The mobile gaming era has been emerging with a great pace all across the globe. One of the most popular games these days that is PlayerUnknown's Battleground (PUBG) mobile that was launched by Tencent in March this year for Android and iOS users is touching heights of success. The mobile game has crossed the number of three million players in the United States. According to the reports, the majority of the PUBG mobile game downloads have come from the Android users. It was last month that the company announced that PUBG Mobile has achieved 100 million downloads on Android and iOS platforms both. The data reveals that the game reached a peak of 3.1 million US players, with 1.7 million from Android, that accounts for the majority of the downloads. Also, the data shows that over 30 perc...

Blood-Testing Company Theranos is Shutting Down

6Sep By Gauri SinghNo Comments

USA

Blood-Testing Company Theranos is Shutting Down

Health technology company Theranos based in California that was once known as a high flying blood-testing start-up accused of cheating and betraying its investors is reportedly shutting down. It is being stated that the company was not able to sell itself and is now looking to pay unsecured creditors its remaining cash of about $5 million in the coming months. A major portion of the employees already had their last day. Theranos tries to sell itself, but, unfortunately, nobody was willing to acquire a company that has been disgraced and lost its investors nearly $1 billion. This move has come three months after the company’s founder and CEO, Elizabeth Holmes, along with former chief operating officer Ramesh Balwani were charged with criminal fraud. They were accused of misleading ...

USA Accuses China of Using Fake LinkedIn Accounts

3Sep By Gauri SinghNo Comments

USA

USA Accuses China of Using Fake LinkedIn Accounts

The top spy catcher of the United States has announced that Chinese intelligence agencies are using fake LinkedIn accounts for the purpose of recruiting Americans with access to government and commercial secrets. They have stated that the company should shut them down. The U.S. counter-intelligence chief, William Evanina has accused China of using fake LinkedIn accounts to carry out the "super aggressive" spy campaign. He told that the Chinese campaign includes contacting thousands of LinkedIn members at a time. However, he refused to tell the number of fake accounts U.S. intelligence had discovered, the number of Americans may have been contacted and also the number of success China has had in the recruitment drive. "I recently saw that Twitter is cancelling, I don't know, millions of...

Snapchat Defeats Facebook’s & Instagram’s User Base in the USA

30Aug By Gauri SinghNo Comments

USA

Snapchat Defeats Facebook’s & Instagram’s User Base in the USA

With the tough fight among the social media giants including Facebook, Instagram, Snapchat etc, it has always been the primary motive of these companies to target the teenagers as most of the user base of the social media platforms comes from the teens. Though Instagram and Facebook have been prevailing in the market since a long time, Snapchat seems to grab more attention of the teenagers in the US. According to a study, the photo-messaging application Snapchat has proved to be the most preferred social networking platform among US teenagers, beating the user base of Facebook and Instagram in that age-category. According to a research done by market research company eMarketer, this year i.e in 2018, 16.4 million 12 to 17 year-olds are likely to use Snapchat as compared with 12.8 mil...

Google One is Now Live for Users in the U.S.

16Aug By Gauri SinghNo Comments

USA

Google One is Now Live for Users in the U.S.

It was a few months ago that the technology giant Google announced the release of its new subscription program known as Google One. This program has been designed to get more storage on Google Drive and various other perks. The subscription program has now been rolled out and over the last few weeks, Google gradually rolled existing Drive subscribers over to a Google One membership and from now on, new users can sign up for a One subscription as well. Talking about the subscription fee, Google One plans start at 100 GB for $1.99. Along with this, there is also a 200 GB tier for $2.99 and a 2 TB option for $9.99. In case a user wants more storage space, the company will sell the user 10 TB, 20 TB and 30 TB plans for between $99.99 and $299.99 per month. An advantage of this new pro...

Tesla Won’t Sell Stock & Plans to Fund China Factory with Local Debt

2Aug By Gauri SinghNo Comments

USA

Tesla Won’t Sell Stock & Plans to Fund China Factory with Local Debt

Elon Musk, the well-known entrepreneur who is the CEO of Tesla has announced that his electric car company won’t be raising cash by selling stock. Along with this he also stated that the investment in the new factory to be set up in China is expectedly to be done through a local debt from the bank. Provided that Tesla is burning cash to boost up development of its Model 3 sedan, various investors raised up a query that how will the company continue to fund its operations. To this, the company responded that it is on the path of reaching profitability by improving margin and cutting costs. However, Tesla reported on Wednesday that its quarterly loss rose to $742.7 million which was earlier $401.4 million in the same period last year. In the third quarter, the founder has planned to ma...

USA’s Gilead CEO John Milligan to step down

26Jul By Gauri SinghNo Comments

USA

USA’s Gilead CEO John Milligan to step down

Gilead Sciences, the leading biopharmaceutical company of America has announced that John Milligan, the president and chief executive officer of the company will step down after serving the company for 28 long years. Milligan will remain in his present position by the end of the year while the company's board conducts a search for his successor. A replacement has not been done yet, however, the company’s board is looking for it. “It has been an honor to work at Gilead for my entire professional career and, now that the company is on solid footing for the future, the Board and I have agreed it is a good time to turn the reins over to a new leader,” Milligan exclaimed. “I’m looking forward to a well-deserved break and will then move on to new and different opportunities.” Along with thi...

Trump threatens China of additional $200 bn Tariffs on Goods

19Jun By Lavina TolaniNo Comments

USA

Trump threatens China of additional $200 bn Tariffs on Goods

While the US-China Trade battle is heating over every day, President Donald Trump on Monday has threatened to impose tariffs on an additional $200 bn of Chinese goods amidst growing conflicts. The White House has said that if China is found going against its promise to retaliate against US tariffs announced last week, US will impose additional tariffs of worth 200 bn dollars on Chinese goods. In a statement that released Monday morning, Trump said, Further action must be taken to encourage China to change its unfair practices, open its market to United States goods, and accept a more balanced trade relationship with the United States. He also said that China has no intention of altering its unfair trade practices and is now threatening US companies workers and farmers who have done...