Google founders Larry Page and Sergey Brin resigned from their parent company Alphabet, reports AP citing a statement from the company. Google CEO Sundar Pichai will remain at his post and will also become Alphabet CEO. “Today, in 2019, if the company was a man, it would be a young man at the age of 21, and the time has come to leave,” the joint statement of the founders of the corporation reads....

Intel announced completion of sale of most of its smartphone modem business to Apple. This deal, worth $ 1 billion, was announced in July 2019, following a statement by Qualcomm and Apple to conclude a conciliation agreement. As previously stated, under the agreement, 2,200 Intel employees were transferred to Apple; the latter also received intellectual property, equipment and 17,000 patents for...

Unlike many other technologies, the drone market is deploying faster than previously expected, and it is about the commercial use of devices. They are used in various fields and even wider than it was anticipated several years ago. Now manufacturers have to adapt to the ever-growing list of possible ways to use drones. Commercial UAVs are increasingly moving from the project stage to the actual...

The South Korean electronic giant agreed to release processors commissioned by Intel. Samsung Electronics has agreed to ship Intel central processing units for computers to help solve the shortage. Earlier, Intel faced technological problems. Trying to master the standards of 10 nm, the manufacturer was unable to establish serial production of processors using new technology. At the same time,...

Italian fashion house Roberto Cavalli has changed its owner. The company was bought by the Vision Investment company of the Dubai billionaire Hussain Sajwani. Billionaire Hussain Sajwani, who is the founder and chairman of the Dubai developer Damac Properties, acquired the Italian fashion house Roberto Cavalli through his investment company Vision Investment, writes Bloomberg. The acquisition...

The world's largest producer of agricultural machinery warned of a risk of lower profits in 2020, noting the negative sentiment among American farmers due to the trade war with China. The financial results of Deere & Co for the IV quarter and fiscal 2019 as a whole, published on Wednesday, November 27, were better than market expectations. In particular, the company reported sales growth for...

Citigroup Inc. was fined £ 44 million ($ 57 million) by the Bank of England. This is a record amount for the British Central Bank. The bank is charged with "serious errors" in reporting capital and liquidity ratios from June 2014 to December 2018. The Bank of England Prudential Regulatory Authority (PRA) identified significant weaknesses in the systems used by three UK Citigroup units to report...

China Shipbuilding Group was established after Beijing approved the merger of the two largest shipbuilding corporations in the country - China Shipbuilding Industry Corp. (CSIC) and China State Shipbuilding Corp. (CSSC). The total assets of the combined group amount to 790 billion yuan ($ 112 billion), the number of employees is 310 thousand. The shipbuilder produces a variety of products, from...

The American oil and gas corporation is going to sell assets in 11 countries for a total of $ 25 billion. This was reported with reference to unnamed sources in banking circles by Reuters. According to the agency’s sources, Exxon is going to withdraw from extractive assets in the British part of the North Sea, Germany, and Romania. Southeast Asia plans to sell assets in Indonesia and Malaysia....