GTECH is betting big on slot machines. The Italian lottery operator announced it has agreed to buy International Game Technology for 3.5 billion euros. The US slot machine maker is among the biggest companies of its sort. The Italian company want to expand its business globally and this step is a big one. “The deal ... read entire article »
If the rumors are true, Microsoft is looking at its biggest personnel lay off in the last five years. The confirmation could come later this week according to Bloomberg. 5,800 employees lost their jobs in 2009 in the biggest Microsoft personnel lay off. Now ... read entire article »
A nuclear power plant in southern Japan has been given a green light to restart its reactors under new regulations introduced after the 2011 Fukushima disaster. Until now, all of Japan’s nuclear reactors had been kept offline but with this latest move, they ... read entire article »
The Tour de France is one of the biggest sports events in the world. The famous three week race is only surpassed at the shire number of spectators by the Football World Cup and the Summer Olympic games and this fact is confirmed by this year's statistics. Amaury ... read entire article »
Former enemies during the 80s, now Apple and IBM shake hands over a deal that is bound to generate around 100 business applications destined for Apple’s iPads and iPhones. Both tech giants will benefit from the partnership as Apple gets to sell its devices and ... read entire article »
Vladimir Putin was spotted at the FIFA World Cup Final between Germany and Argentina. The president of the Russian Federation stood next to FIFA boss Sepp Blater and close to the German chancellor, Angela Merkel. However, Vladumir Putin was not only a simple ... read entire article »
Telekon Austria is now part of the larger America Movil family. According to Wall Street Journal, the Mexican billionaire Carlos Slim has secured a majority stake in the former Austrian national phone company. According to the same source, America Movil wa ... read entire article »
Following reports that showed online art sales increasing by as much as 36% in 2013, the international auction house Sotheby’s shook hands with online marketplace website, eBay, to create an online platform on which customers can place online bids for Sotheby’ ... read entire article »
Whirlpool, which is currently the world’s largest home appliances maker, has acquired two thirds of the voting stock of the Italian Indesit, in order to boost its sales throughout Europe. The shares were bought from holding company Fineldo and from Indesit’ ... read entire article »
The electric power Italian giant owns large assets in Easter Europe. In the attempt of raising more than 4 billion euros, Enel is planning to sell some of its assets from Romania and also Slovakia. Enel owns more than 65 percent of Slovakia's Elektrame which i ... read entire article »
After a dramatic hit in Brazil, Samsung can expect another one in terms of income. The company's earnings projections for the second quarter of the year are lower compared to the results recorded in the second quarter of 2013. Samsung has lost the battle in ... read entire article »
A decorative poster featuring the entrance to a Nazi concentration camp was taken down by Walmart, Amazon and other online retailers after customers complained about it. The poster, which was described as ‘a great addition to your home or office,’ showed the ... read entire article »
Samsung may need to change its strategy and switch to mid-to-low cost devices from top-end prices as the tech company is currently going through its worst period in the last two years, as far as profits go. The reason why profits dropped for Samsung is that the ... read entire article »
EU plans on introducing in 2015 a new legislation that will change the way perfumes are currently made. The new law will prohibit some ingredients that are currently found in many top-end perfumes like Channel no. 5 and Miss Dior because they contain allergenic ... read entire article »
It looks like Angela Merkel's visit to China will help the Germany industry. After Volkswagen, the aircraft giant Airbus announced a large deal with three Chinese companies for more than 100 helicopters. One day after Merkel visited China Volkswagen announced a ... read entire article »
Dubai, home of the largest building in the world, the Burj al-Khalif, wants to hold the record for another world’s biggest. Sheik Mohammed bin Rashid al-Maktoum, ruler of the United Arab Emirates, announced that the construction of the Mall of the World, as he ... read entire article »
Russia is eager to restart talks with the EU over the construction of the South Stream gas pipeline. The 40 billion dollar project, which is intended to transport natural gas from Russia to Europe via the Black Sea, has been stalled in Bulgaria after it ... read entire article »
British car-maker, Bentley, wants to hit the market with a special device: a smartphone. To reach this goal, the car-maker has teamed up with the British premium smartphone brand, Vertu, and signed up a five-year deal. Designers from both companies will work on ... read entire article »
The Swedish telecommunication company TeliaSonera announced it will acquire the Norwegian Tele2 for more than 500 million euro. TeliaSonera is actually buying its competition in this deal. Tele2 is also operating in Sweden ans these two companies are rivals. ... read entire article »
German chancellor Angela Merkel took an official visit to China last week and the first beneficiary of her visit is Volkswagen. The German auto giant will invest 2 billion euros in China in two brand new vehicle plants. The announcement was made by officials at ... read entire article »
