The Apple gadgets came up with an application for reading news, with a straightforward name News. This is not just an aggregator - news stories from a variety of publishers and partner companies are selected by hand and typeset in a magazine style. A tool Apple News Format is used for the News, supporting digital publications and enabling publishers, such as Condé Nast, ESPN and The New York...

The biggest players in the market of high-tech are investing $ 500 million in the creation of the wide satellite internet network. 900 satellites are to be brought into orbit as part of this project. The joint venture is created by OneWeb Ltd., formerly known as WorldVu. Its goal - to provide global access to broadband satellite internet from any point on Earth already by 2019.   The JV...

China's largest online retailer Alibaba became interested in internet banking. Today it was announced that MYbank launches in China, the lion's share capital is owned by Alibaba. It seems that the Chinese want to lend to businesses, which subsequently place the products in the store. MYbank’s 30% is owned by Ant Financial Services Group, controlled by Alibaba Group. It has available 4 billion...

Swedish furniture chain IKEA, which is celebrating its 30 years of presence in US, has announced a raise in minimum wages in all of its stores in the country.   This is the second consecutive year of raise in the minimum wages for IKEA employees. The company announced that it would provide a minimum wage of $11.87 from 1 January, which is a 10 percent increase from its current minimum pay...

Google launches free stream music service. The model of content distribution in this system now resembles Spotify. Apple has chosen a different approach, and apparently, soon we will see the winner. Google Play Music has so far been paid and required monthly subscription fee. Despite the opportunities and a rich library, the service rarely hit the top of relevant publications and editorials on...

American aerospace and aviation company Boeing has chosen Dennis Muilenburg as chief executive officer.   The new CEO, who was earlier the president as well as Chief Operating Officer of the organization since 2013, will take office from 1 July. Muilenburg was a long term employee of Boeing where he earlier headed Defense, Space and Security business. He succeeds Jim McNerney, who will...

International investors have invested $10 billion in Uber service taxi in anticipation of the initial public offering (IPO). It is reported by Financial Times. Size infusion is a record for pre-IPO investments in high-tech sector of the US market, the newspaper notes. Neither Google, nor Facebook could not even come close to this level until they came to the open market. The main amount of money...

Italian chocolate maker Ferrero SpA buys less major British rival Thorntons Plc for 111.9 million pounds ($ 177.6 million). Ferrero will pay cash for 145 pence per Thorntons’ share, which represents a premium of 43% of their price at the close of the market on Friday, according to the press release of the British company. The Italian manufacturer has already acquired nearly 30% of Thorntons’...

Despite the fact that Canada is rich with water resources, it is predicted that it is going to be short of water, as demographic change and the climatic situation in the country are threatening the water resources of Canada. However, the assumption, that Canada could export water, has periodically emerged. Nevertheless, these plans are very unlikely both because of disagreement with the...