Lynk’s Weekly Round Up

Robots are being used to help build Skyscrapers in Japan

With at least one million workers set to leave the Japanese construction industry over the next decade, companies are facing a potential employment crisis. The answer to this issue? Industrial robotics. This aims to reduce some of the most backbreaking labor that employees face, as well as being able to work outside of the normal 9-5.

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Microsoft becomes the world’s second most valuable company….again

In 2015 Microsoft was considered the world’s second most valuable firm. Now in 2018, it has reclaimed this crown. Valued at US$ 714 billion at the time of writing, only Apple is valued higher at US$ 838 billion. Thanks to efforts from Microsoft CEO Satya Nadella, the software giant appears to be back on track.

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Amazon is increasing the price for Prime subscribers

Taking effect on May 11th Amazon will increase the cost of Amazon Prime subscription by US$ 20. Company CFO, Brian Olsavsky cited the increasing benefits of Prime membership including the increase of products eligible for same day and next day delivery as the main reason for the price hike.

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Paypal invests in Dosh  

Dosh, (a Fintech startup that allows companies to market to users through consumers through cashback offers) has raised US $44 million in Series A funding, with significant contributions from Paypal and Goodwater Capital. This rounds up a successful first year for the startup that only launched their app last year.

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Nintendo boasts impressive 500% profit jump for switch consoles

Over the past year, Nintendo has seen a staggering increase in operating profit with a total of US$ 1.62 billion (¥178 billion). Nintendo also saw a 116% increase in revenue for the year with a total of US$ 9.66 billion (¥1.06 trillion). More surprisingly, Nintendo expects to do even better in this fiscal year predicting an operating profit of US$ 2,03 Billion (¥222 billion).

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