Business news

Is big data still big news?

People talk about 'data being the new oil', a natural resource that companies need to exploit and refine. But is this really true or are we in the realm of hype? Mohamed Zaki explains that, while many companies are already ...

dateJul 07, 2015 in Business
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Microsoft cuts 7,800 jobs, reorganizes phone unit

Microsoft announced plans Wednesday to cut 7,800 jobs and write down the value of its struggling mobile phone division acquired last year from Nokia by some $7.6 billion—fresh evidence of its woes in the global smartphone ...

dateJul 08, 2015 in Business
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China's Uber-style taxi app raises $2 bn

China's top taxi hailing app Didi Kuaidi announced Wednesday it raised $2.0 billion in two weeks, after reports said US rival Uber planned to invest $1.1 billion in the country this year.

dateJul 08, 2015 in Business
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