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Enlarge / An employee working for the manufacturer of solar batteries, Sonnen GmbH, in the Bavarian village Wildpoldsried, southern Germany, is pictured on July 5, 2016. (credit: CHRISTOF STACHE/AFP/Getty Images) On Friday, oil major Royal Dutch Shell and German energy storage company Sonnen announced that Shell would acquire Sonnen for an undisclosed amount. Sonnen has […]
Enlarge / President Donald Trump welcomes Crown Prince Shaikh Mohammad bin Zayed Al Nahyan of Abu Dhabi in the Oval Office of the White House on May 15, 2017 in Washington, DC. (credit: Pool/Getty Images) On January 30, Reuters released two investigative reports on hacking activities of the United Arab Emirates’ National Electronic Security Authority […]
A Republican senator who chairs the Senate Armed Services Committee bought thousands of dollars-worth of stock in arms manufacturer Raytheon after pushing the Trump administration to approve massive hikes in defense spending. Senator James Inhofe of Oklahoma purchased between $ 50,000 and $ 100,000 of Raytheon stock last Tuesday – just days after news broke […]
The Newton Mail subscription service might be dead, but its owner just found an unusual lifeline. Essential has acquired Newton developer CloudMagic for an unspecified amount. The phone maker didn’t say just what it would do with its new purchase, but said it was constantly searching for companies that could “accelerate [its] product roadmap.” Terms […]
Planetary Resources just took an unusual turn on its path to asteroic mining. ConsenSys, a blockchain company created by Ethereum co-founder Joe Lubin, has bought Planetary Resources for an unspecified sum. It sounds supremely trendy given the combination of blockchain and private spaceflight, but it’sa logical fit if you ask Planetary Resources’ Brian Israel. Blockchain-based […]
IBM isn’t a stranger to Linux by any stretch, but it might just become one of the platform’s strongest supporters in the near future — and shake up the cloud landscape, for that matter. IBM has announced a deal to buy Linux giant and open source enterprise software developer Red Hat for the equivalent value […]
The biggest challenger remains far smaller than the dominant banks
A HANDFUL OF lenders dominate British banking. Just four hold 70% of Britons’ main current (checking) accounts. Undaunted—and encouraged by financial supervisors and competition watchdogs—a platoon of challengers is nonetheless taking on the giants, on the high street and online. On October 15th one of them, CYBG, established itself as the leader of that pack, […]
Enlarge / Gode wind farm off the coast of Germany. (credit: Ørsted) One of the biggest offshore wind developers in Europe, a Danish company called Ørsted, purchased US offshore wind developer Deepwater Wind on Monday. The move suggests confidence in an expanding US offshore wind industry. There are more than 15 gigawatts (GW) of offshore […]
Enlarge Greetings, Arsians! The Dealmaster is back with another round of deals to share. Friday marks the formal start of Best Buy’s “Black Friday in July” sale, a mild response to Amazon’s Prime Day event in which the popular electronics retailer discounts a bunch of items across its store. In his unending attempt to satisfy the […]
