• Amazon launches a credit card for the ‘underbanked’

      Amazon launches a credit card for the ‘underbanked’

      Amazon has a brand new product that ties into its Amazon Prime membership program, but caters to a specific segment of the market - those who might not have good enough credit to get a credit card. The new Amazon Credit Builder tool lets users build their own secured credit card. That means they’ll have to put down a refundable security deposit of anywhere $100 to $1,000 to qualify for the card, and the credit limit will match it.

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    • Microsoft, Alphabet to teach quantum computing

      Microsoft, Alphabet to teach quantum computing

      Quantum computing is a tough nut to crack but tech giant Microsoft has now joined hands with Google’s parent company Alphabet to change that by teaching important lessons on algorithms through a short online curriculum.
      For the online curriculum to become reality, Microsoft partnered with Alphabet’s X and Brilliant platforms.

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    • SAS starts researching hybrid aircraft infrastructure

      SAS starts researching hybrid aircraft infrastructure

      Scandinavian Airlines (SAS) announced last week that it is teaming up with aircraft maker Airbus to research ecosystem and infrastructure needs for hybrid and electric aircraft. According to the statement published by SAS, the partnership would involve a joint research project where the two companies work together to investigate all the challenges "regarding operations and infrastructure linked to large scale introduction of hybrid and electric aircraft in commercial traffic".

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    • Facebook to enter the crypto market

      Facebook to enter the crypto market

      Facebook is preparing to release a new digital currency to the market called GlobalCoin that aims at helping users send and receive money. The intention is to launch it in about a dozen countries during the first quarter of 2020, according to information published by BBC.

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    • Fiat Chrysler to merge with Renault

      Fiat Chrysler to merge with Renault

      Fiat Chrysler and Renault, are considering a merge of vast swaths of their businesses - a move that demonstrates the growing desire among automakers to consolidate in an environment of increased regulatory pressure, sales declines and rising costs aimed at bringing next-generation technologies like self-driving cars to market. 

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    • Huawei ban - who is actually the loser

      Huawei ban - who is actually the loser

      Last week the US declared war on Huawei, a relentless attack more blatant than North Korea hacking Sony in 2014, and undoubtedly - an unprecedented one. A a flagship corporate giant Huawei is one of the biggest names of the tech industry. It’s the world's largest provider of telecommunications equipment, a leader in next-generation 5G technology, and last year it even passed Apple to become the second-biggest smartphone seller in the world.

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    • Ford layoffs hit 7,000 jobs worldwide

      Ford layoffs hit 7,000 jobs worldwide

      Ford Motor Company announced on Monday that it will cut about 7,000 salaried workers, or roughly 10 percent of its global global workforce, in the coming months in a cost-cutting measure that officials said would save about $600m per year. According to the company's statement, the first wave of layoffs will begin tomorrow, 21 May and include 500 employees in the US only. In an email to employees, Ford CEO Jim Hackett added that job cuts in North America would be completed by the end of the week, with layoffs in international markets to conclude by the end of August.

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    • Apple, Google accused of ‘massive music piracy’

      Apple, Google accused of ‘massive music piracy’

      Apple, Amazon, Google, Microsoft and Pandora are all being sued by the estate of Harold Arlen, the composer of Over the Rainbow and many other classic songs. According to the 148-page lawsuit, the tech companies are being accused of being involved in a ‘massive music piracy operation,’ which involves over 6,000 pirated recordings. 

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