Tag Archives: billion

WeWork could burn through $10 billion rescue finance in 10 months without major costs cuts – AArete

Office-share startup WeWork could blow through its near $10 billion rescue financing package from SoftBank Group Corp in about 10 months unless it quickly implements significant cost cuts, according to Loren Trimble, chief executive officer of AArete, a global consulting firm. “One thing they have to do is get more revenue out of its footprint,” said Trimble, who has combed ... Read More »

iPhone Battery Replacement Programme Will Cost Apple $10 Billion From Reduced Sales: Barclays

Apple’s offer to replace old batteries at cheaper rates may affect new iPhone sales in 2018. Barclays analyst Mark Moskowitz, in a note, says that even a small percentage of people opting for battery replacement over upgrade could affect the sale of new iPhone models. Apple had recently apologised for slowing down iPhone models and offered a new battery replacement programme. Under the ... Read More »

Google pledges $1 billion to fund non-profit education

Google CEO Sundar Pichai also unveiled a programme called ‘Grow with Google’ aimed at training Americans how to get jobs or grow their businesses. Photo: Reuters Pittsburgh: Google says over the next five years it will spend $1 billion on non-profit organizations helping to raise education levels around the world and commit its employees to a million hours of volunteer work ... Read More »

China Life and Baidu to launch $1 billion internet fund

FILE PHOTO: A smartphone showing the Baidu Browser application is seen in this picture illustration, February 22, 2016. BEIJING (Reuters) – China Life Insurance Group Co and Baidu Inc will form a 7 billion yuan ($1 billion) private equity fund, targeting internet and other technology investments, China Life’s listed arm said on Thursday. The Baidu Fund Partnership will be capitalized ... Read More »

Amazon to Buy US Grocer Whole Foods Market for $13.7 Billion

HIGHLIGHTS Amazon to acquire Whole Foods Market for $13.7 billion Whole Foods Market will continue to operate stores under its brand The deal is expected to close in the second half of 2017 Online juggernaut Amazon is buying Whole Foods in a deal valued at about $13.7 billion (approximately Rs. 88,300 crore), a strong move to expand its growing reach ... Read More »

Innovative finance needed to find $300 billion a year for climate losses

LONDON (Thomson Reuters Foundation) – With money for action on climate change already in short supply, an estimated $300 billion a year needed to help countries deal with unavoidable climate losses will have to come from innovative new sources, such as a financial transaction tax or carbon tax, researchers say. Funding for such climate “loss and damage” aims to assist ... Read More »

Samsung and Apple spent $61.7 billion on semiconductor chips in 2016

Samsung and Apple make the most money selling computers of different shapes and sizes, so it’s no surprise the two gobbled up a significant share of the global semiconductor chip market – for the sixth consecutive year, no less. According to stats published by Gartner, the two spent a combined $61.7 billion (up $400 million from 2015) and bought 18.2% ... Read More »

China’s Largest Chip Company to Build $30 Billion Semiconductor Factory

China’s largest chip maker has announced it will invest $30 billion (roughly Rs. 2,04,579 crores) to build a new semiconductor factory, as the world’s second largest economy seeks to reduce its dependence on foreign technology. The state-owned Tsinghua Unigroup will open the facility in the city of Nanjing in eastern Jiangsu province, where it will mainly produce chips used in ... Read More »

Thailand expects tourism revenue of nearly $50 billion in 2017

Thailand expects revenue from foreign tourists to rise 8.5 percent to 1.78 trillion baht ($49.8 billion) this year, a deputy prime minister said on Monday. The expected rise results from an improved outlook for global tourism as well as Thailand’s investment in infrastructure, Deputy Prime Minister Thanasak Patimaprakorn told reporters. “This is another year that we will need to focus ... Read More »