Sony’s Head Kenichiro Yoshida and Microsoft’s Head Satya Nadella signed a memorandum of understanding. Two competing corporate divisions - Microsoft Xbox and Sony PlayStation - will collaborate in the field of streaming. "In accordance with the memorandum of understanding signed by the parties, both companies are planning to jointly develop future cloud solutions in Microsoft Azure to support...

Chinese technology giant Huawei Technologies said that attempts to remove it from doing business in the United States will lead the country to lag behind in the development of next-generation mobile networks, according to CNBC. US President Donald Trump on Wednesday signed a decree that gives the government the authority to block information and communications technology transactions that "pose...

California jury ordered Bayer, the German chemical and pharmaceutical concern, to pay more than $ 2 billion to an American couple on the Roundup herbicide case. According to the plaintiffs, the glyphosate in the composition of weed control produced by the American company Monsanto, which Bayer acquired last year, contributed to development of cancer in them. The prosecution also tried to convince...

Net profit of the Japanese Toshiba Corporation for the 2018-2019 fiscal year ended March 31, increased by 7% to 1.013 trillion yen ($ 9.2 billion), according to the company’s reports. Earnings per share for the year stood almost unchanged, and just rose to 1.641 thousand yen ($ 14.9) from 1.628 yen ($ 14.8). Revenue decreased by 6.5% to 3.693 trillion yen ($ 33.5 billion), operating profit fell...

The financial corporation had to write off assets in the amount of $ 377 million after bankruptcy of DC Solar, which the FBI called the Ponzi scheme. Berkshire Hathaway Chairman of the Board of Directors and Chief Executive Officer Warren Buffett remains one of the richest people in the world, ranking 4th, according to the Bloomberg Billionaire Index, with a fortune of $ 88.7 billion. However,...

Gucci creative director Alessandro Michele, who took this post in 2015, finally got his hands on decorative cosmetics: the Italian brand presented an updated lipstick line. The cosmetic collection developed by Michele also features products for skin, eyes, and so on. Gucci cosmetics appeared in 2014. The original concept’s authors were the then creative director of the brand Frida Giannini and...

Net profit of the Japanese automaker Toyota Motor Corp. decreased in the last fiscal year by 24.5%, despite the growing revenue and car sales. The company projects profit growth in the current fiscal year, but the forecast was worse than market expectations. The company's net profit at the end of the financial year, which ended on March 31, 2019, fell by 24.5% to 1.88 trillion yen ($ 17.07...

Profit of the German automaker Bayerische Motoren Werke (BMW) declined in the first quarter by 75% in annual terms due to large-scale losses associated with the investigation in the EU. Net profit in January-March fell to €561 million compared to €2.26 billion in January-March 2018. In terms of ordinary and preferred shares, profits fell to €0.85 from €3.44 a year earlier. Profit before tax and...

DEA AG, a member of the investment giant Letter One, has completed its merger with Wintershall, a subsidiary of the German BASF concern. This is stated in the message of the combined company Wintershall Dea. The final integration of assets is expected to be completed during the year. At this time, Wintershall Dea will be managed from two headquarters - in German Kassel and Hamburg. As a result of...