VW to bolster in-house software development by 2025

Source: Dukascopy Bank SA
On Tuesday, Volkswagen announced it would put 5K digital experts into its new Car.Software unit by 2025, as the German carmaker seeks to bolster the in-house software development to 60%, up from nearly 10% currently.
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Tue, 18 Jun 2019 09:38:23 GMT

Alibaba appoints CFO Wu in charge of investment

On Tuesday, China's Alibaba Group announced that Maggie Wu, its Chief Financial Officer, will be in charge of the company's strategic investments unit, succeeding Joe Tsai, the Executive Vice-Chairman, amid the group's major management reshuffle.

Tue, 18 Jun 2019 07:34:23 GMT

Finland's Tieto to acquire Nordic peer Evry for $1.5B

Tieto, the Finnish technology firm, has signed a cash-and-shares deal to acquire its Norwegian competitor Evry for $1.5B; a merger that will establish digital consultancy with 24K employees and annual revenues of about €3.0B.

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