Chan Guo Wen

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Oracle just bought a company Larry Ellison mostly owns, entitling him to $3.5 billion cash

Larry Ellison already owned about 40% of NetSuite, so the deal will net him about $3.5 billion.<p>Rumors had been recently circulating that Oracle would buy NetSuite.<p>Oracle doesn't need NetSuite's tech. It wants the company to increase its cloud-computing revenues. Ellison, the executive chairman, …

Britain offers new oil and gas licenses amid exploration drought | Reuters

LONDON (Reuters) - Britain has cut rental fees by up to 90 percent in its latest tender for oil and gas licenses in the North Sea launched on Wednesday in a bid to attract companies to find new fields in the mature basin.<p>A section of the BP Eastern Trough Area Project (ETAP) oil platform is seen in …

Glaxo to invest £275m in Britain in boost to post-Brexit economy

GlaxoSmithKline is investing £275m in three of its manufacturing sites in the UK in one of the biggest business votes of confidence in the country since the result of the EU referendum.<p>Sir Andrew Witty, chief executive of FTSE 100-listed Glaxo, said the fundamental competitiveness of the UK from a …

Walmart Canada follows through with Visa threat

Walmart Canada stopped accepting Visa cards in three Ontario stores as a result of an ongoing fee related dispute, according to Digital Transactions.<p>The firm had previously announced plans to cease Visa acceptance last month because per transaction fees assessed by Visa were too high, which …

SoftBank's ARM deal shows Masayoshi Son is in no rush to retire

Chief executive of Japanese technology giant had asked himself if he still had the energy for job; this takeover proves he does<p>Less than a month after the abrupt resignation of Masayoshi Son’s anointed successor raised questions about SoftBank’s appetite for overseas investments, the group has made …

REPORT: Google is secretly working on an augmented reality headset

On Saturday, Engadget reported that the Californian technology giant is building the head-mounted computer that will work independently of smartphones and desktop PCs.<p>Recode recently reported that Google had "nixed" a project to build a more conventional virtual reality headset in the vein of …

10 things in tech you need to know today

<b>1. Japan's Softbank has agreed to buy UK chip designer ARM for more than $32 billion.</b> ARM, which was founded in 1990, employs more than 3,000 people.<p><b>2. A court has ruled that the US government cannot force Microsoft and other companies to turn over customer emails stored on servers outside the</b> …

China’s Economy Will Be More Competitive Than India’s For Many Years

Despite the attention many Fortune 500 CEOs have paid to India since the election of Prime Minister Narendra Modi in 2014, China’s growth will …