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Tuesday, July 01, 2024
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Money

One billion dollar donation from Microsoft

Microsoft announced recently a 1 billion US dollars donation for education. The giant American corporation will help schools buy new Windows PC's and improve the use of technology among students. The announcement and the donation somehow completes the ConnectED program revealed last year by the White House. The ...
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More News

Rovio is defending its Angry Birds fort

Rovio is defending its Angry Birds fort

The Rovio fort is slowly coming down as trends change and people move on to other games. The Finnish company announced, on Monday, that its profit fell more than 50 percent as gaming revenue dropped from 2012 to 2013. Its most famous game, Angry Birds, was the ... read entire article »
Large display division hands LG large income

Large display division hands LG large income

LG and Samsung, the two Korean arch-rivals have been engaged in a battle for years. Although most of them are won by Samsung, LG found a domain where it kick Samsung where it hurts the most. Although Samsung's income and profits are far larger than LG's, the ... read entire article »
2 million for a better fence

2 million for a better fence

The incidents regarding African immigrants in Spanish exclaves Melilla and Ceuta made officials concerned about border safety. The Spanish government recently agreed to redirect 2.1 million euros to improve security. These two small Spanish exclaves hold the only ... read entire article »
New coins for Crimea

New coins for Crimea

Russia’s reunification with the Ukrainian region of Crimea has been celebrated this week with the print of a new coin. A Russian manufacturer printed the coin which has Putin’s face on one side and the map of Crimea on the other. But how celebrated thi ... read entire article »
“The Blue” goes on for sale

“The Blue” goes on for sale

The largest diamond in the world is the masterpiece of an auction set about two weeks from now in Generava. The 13.22 carats gem is expected to sell for 21 to 25 million US dollars. It was described by the famous auction house Christie's as “the largest fancy ... read entire article »
DN Bank ditches Russian market

DN Bank ditches Russian market

The biggest bank in Norway and one of the biggest financial institutes in the Northern countries announced it will retire from the Russian Market. The move was not associated with the crisis in Ukraine and Russian's involvement. DN Bank officials said this i ... read entire article »
GM pays the price for car recall

GM pays the price for car recall

General Motors reported a $1.3 billion drop in profits as it had to cover the costs of recalling a huge number of cars due to faulty ignition switches. Dozens of accidents have been linked to the defective ignition switches that caused the engine to turn off and ... read entire article »
Japan prices, 22-years high growth

Japan prices, 22-years high growth

Tokyo consumer prices rise at a speed not experienced for 22 years, increasing by 2.7% in April, as compared to the same period of last year. The usual pace of price increase was set at 1% per year. Now, after Japan increased its sales tax from 5% to 8% on April ... read entire article »
Microsoft - doing better than expected

Microsoft - doing better than expected

Microsoft is doing better than analysts predicted as it reported a net profit of $5.56 billion in the first quarter of 2014. Although the figures show a decline when compared to the company’s figures from the same period of 2013, it’s still better than market ... read entire article »
Heineken sales grow in the West

Heineken sales grow in the West

After a long period of stagnation, Dutch beer making company Heineken declared that it has finally registered growth in its most important market, the Western one. Organic sales, which leave out effects of currencies and acquisitions, grew by 3.4%. But it ... read entire article »
Facebook still reigns over social networks

Facebook still reigns over social networks

Although analysts expected Facebook to experience a fall in revenue due to recent chances in their user interface, the company is doing better than ever, reporting a $2.5 billion revenue only in the last three months. The social network now has almost half of the ... read entire article »
Eurozone: lower deficit but bigger debts

Eurozone: lower deficit but bigger debts

Eurostat statistics agency reported that the eurozone is finally starting to recover and maintain control over its financial situation, although the region’s total debt levels are still at a dangerously high level. The last figures reveal that the average ... read entire article »
Jeff Bezoz - the quickest at losing money

Jeff Bezoz - the quickest at losing money

Jeff Bezoz, founder and CEO of Amazon, is $200 million short of becoming the man that lost more money than anyone else on earth, in 2014. So far, only this year, Bezos is $6.3 billion short, second only to Mexican investor, Carlos Slim, who suffered a $6.5 ... read entire article »
Nokia and Microsoft seal the deal this week

Nokia and Microsoft seal the deal this week

April 25 is the date when Nokia’s handset business is to be officially owned by Microsoft. Nokia and Microsoft agreed, in September, to close a 5.4 billion euro ($7.5 billion) deal but some setbacks were encountered as the waiting period was prolonged due to ... read entire article »
Netflix pumps-up its prices

Netflix pumps-up its prices

Kevin Spacey’s political drama, House of Cards, brought Netflix into a suitable position to raise its prices. Although nor the amount of the increase, nor the time it would come into effect have been made public, yet, Netflix announced on Monday its plan to ... read entire article »