Amazon launched its voice-controlled speaker, Echo, in the U.K. and Germany on Tuesday, 2 years after launching in US. Echo is powered by Alexa, Amazon’s digital personal assistant, which is similar to Apple’s Siri or Google Now. Echo is available in the U.K. for £149.99 and in Germany for 179.99 euros). Users can ask Echo…
Ripple, a Google-backed start-up that uses blockchain technology to settle financial transactions between some of the world’s biggest banks, has raised $55 million. It is currently working with 15 of the top 50 global banks including UBS and Santander. To date, the company has raised over $93 million in total funding. At the moment, an…
The Guardian is about to make major cuts to its U.S. operation, reducing staff by 30%, leaders announced in a meeting. Around 50 jobs will be cut out across different departments. The cuts will be a combination of buyouts and layoffs. In 2011 it opened in US branch which later in 2014 received Pulitzer for…
After the hyperinflation caused in 2009, Zimbabwe lost the vale for its own currency and since then it has been using foreign currency to carry on day to day traditions, mainly US dollar. People had to buy everything from abroad right from bottle of water which lead to constant flow of money out of the…
Speculation is mounting that Formula One is about to be revamped by a US takeover that could bring new life and a higher profile for a sport that is struggling to attract new fans. Media reports suggest that F1’s largest and controlling shareholder, the hedge fund CVC Capital Partners, is preparing to sell the business…
