Michael Kors to acquire Jimmy Choo for $1.2 billion

Michael Kors to acquire Jimmy Choo for $1.2 billion

Seeking to restore lost luster by adding “Sex & the City” stilettos, Michael Kors Holdings Limited has agreed to acquire Jimmy Choo Plc. for $1.2 billion.

The acquisition of Jimmy Choo will give the New York-based fashion and accessories giant a presence in higher-end luxury market.

Luca Solca, an analyst with Exane BNP Paribas, said, “Again, Michael Kors follows the path of Coach -- and again, on steroids. After a meteoric rise and spectacular crash, it is now the time to recycle cash into other brands.”

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Asian tech giants invest $2.5 billion in taxi-hailing service Grab

Asian tech giants invest $2.5 billion in taxi-hailing service Grab

Uber’s South East Asian competitor Grab has raised $2 billion (£1.5bn) from Japanese technology giant Softbank and its China-based equivalent Didi Chuxing.

Grab is expected to raise an additional amount of $500 million (£385m) from some other tech investors before the ongoing round of funding is closed, which would bring the total investment amount for the round to $2.5 billion (£1.9bn).

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Apple already preparing for the iPhone 9: Report

Apple already preparing for the iPhone 9: Report

Technology major Apple is weeks away from announcing its “iPhone 8” smartphone but rumors have already started swirling about its successor – the potential iPhone 9.

Citing anonymous sources, the Korea Economic Daily recently reported that LG Chem has been selected by Apple as an exclusive supplier for batteries for its next-next-generation iPhone.

The deal is for batteries for the device which is due for release sometime in 2018. The anonymous sources also suggested that the “iPhone 9” would likely debut in the 2nd half of 2018.

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Microsoft’s quarterly earnings beat Wall Street expectations

Microsoft’s quarterly earnings beat Wall Street expectations

Redmond-based tech giant Microsoft Corporation on Thursday posted better than expected earnings for the last three months, thanks to strong performance of its cloud business. Microsoft announced non-GAAP revenue and GAAP earnings per share of $24.7 billion and $0.83, respectively. Non-GAAP earnings per share were reported $0.98. Non-GAAP operating income was reported at $7.0 billion.

Strong performance of cloud business particularly helped the company in beating Wall Street analysts’ predictions.

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Microsoft unveils Cortana VA-powered thermostat

Microsoft unveils Cortana VA-powered thermostat

Redmond-based Microsoft Corporation has unveiled a Cortana virtual assistant-powered thermostat called GLAS that it will build in partnership with Johnson Controls.

GLAS boasts a touchscreen that will allow users to manually control and check on information, such as temperature, calendar schedule and air quality readings.

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Astronomers detect strange signals from nearby star

Astronomers detect strange signals from nearby star

A team of astronomers in Puerto Rico has detected some really strange signals coming from a red dwarf star just eleven light-years away.

Abel Mendez, the director of the Planetary Habitability Laboratory at Arecibo-based University of Puerto Rico, said that the strange signals were detected on 12th of May using the 1,000-foot-wide Arecibo radio telescope.

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Packaged macaroni, cheese contain unhealthy chemicals: Study

Packaged macaroni, cheese contain unhealthy chemicals: Study

Packaged macaroni and cheese may be containing high levels dangerous chemicals known as phthalates, health experts have warned.

In a small study of 30 different cheese products, including natural cheese products, block or string cheese, processed cheese slices and the cheese powder in packaged macaroni and cheese; experts found evidence of the chemical in 29 products they tested.

They also found that natural cheese products had the lowest levels of phthalates, while processed cheeses were found to have the highest levels of the chemical.

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Horsemeat Scam Leads to 66 Arrests in Europe

Horsemeat Scam Leads to 66 Arrests in Europe

European policing agency Europol has informed that police in Spain has arrested 65 people of an organized gang for selling horsemeat across Europe. As per investigative agencies, the meat was not fit for human consumption. The suspects have been public health violations, money laundering, forgery and animal abuse, among other crimes.

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House dust could lead to additional body fat: Researchers

House dust could lead to additional body fat: Researchers

A team of researchers at Duke University has claimed to have discovered a notable link between house dust particles and fat cells in human body. The connection reported by the research team could sound weird to most of the readers but the research team claims that they have enough of proof to say that house dust could be one of the factors for obesity.

The researchers took pre-fat cells from lab mice and exposed those cells to house dust. They were surprised to find that 7 of 11 dust samples caused the cells to rashly develop into adult fat cells.

Astronomers discover the smallest star recorded till date

Astronomers discover the smallest star recorded till date

A team of astronomers at the University of Cambridge claimed to have spotted the smallest star ever discovered by astronomers.

The newly-discovered star dubbed EBLM J0555-57Ab is located roughly 600 light years away. Scientists also found that it is part of a binary system. They were able to spot it as it passed in front of its larger companion.

EBLM J0555-57Ab is just a sliver larger than that of Saturn in size. Its gravitational pull at its stellar surface is nearly 300 times stronger than what human beings feel on Earth.

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