Apple’s shares have fallen by one-third of their value since 2015. Increased saturation in the smartphone market have led to a fall in sales of iPhones. It is unclear as to who took this decision – Warren Buffet or one… Read More ›
Month: May 2016
BlockRock’s CEO wants to see more aggressive reforms in China
While noting the path to a service-oriented economy took decades for the West, which included periods of recession, Larry Fink, said China needs to bring about a solid fiscal policy. Introducing excess credit into the system is not the way… Read More ›
Amidst Isis Launching New Attacks in Traq, White House says Isis is ‘Shrinking’
Claiming that “This perverse caliphate is shrinking” referring to the Islamic State, the Obama administration’s diplomatic point man in the international fight against the terrorist group has said the extremists have been losing control over territory. However in Iraq a string… Read More ›
French Organizations Threat Law Suit against Facebook, YouTube, Twitter for ‘Hate Speech’
Alleging that Facebook, Twitter and Google’s YouTube service had failed to remove ‘hateful content’ posted on their sites, there French organizations say they will file legal complaints against the three IT companies. The internet giants have only removed a small… Read More ›
Low oil prices acting as a drag on Arabian economies
The glut in the oil pool has resulted in Moody’s re-assigning debt ratings for countries in the Arabian Gulf. Assigning a negative outlook to Oman, Saudi Arabia and Bahrain, Moody’s Investors Service has cut their debt ratings as low oil… Read More ›
Google to face record antitrust fine by the European Commission
The European Commission has the power to impose antitrust fines of upto 10% of a company’s annual sales, which for Google could be 6 billion euros. The Sunday Telegraph has reported that Google is facing a record 3 billion euros,… Read More ›
Refugee crisis to cost Europe’s biggest economy 93.6 billion euros by 2020
A German magazine has reported 93.6 billion euros in costs for the refugee crisis by 2020, citing a draft report from Berlin’s Ministry of Finance. A German magazine has reported that Germany has projected an expense of nearly 93.6 billion… Read More ›
BoE’s governor warns of risks if Britain were to leave the EU
Despite facing criticism from “Out” campaigners, the governor of Britain’s central bank has justified stating the risks of such an outcome. Mark Carney, the governor of the Bank of England has denied that by stating the possible short-run costs of… Read More ›
Why Mercedes and BMW Should be Scared about Tesla’s Mass-Market Car
Luxury car models of Audi, BMW, Mercedes-Benz, and Porsche are being threatened by Tesla Motors, whose Model 3 electric car enticed 325,000 would-be buyers to put down $1,000 deposits during the week of its debut in April. While making Germany… Read More ›
Pros says Elon Musk ‘burns up cash’ for SolarCity, Tesla
Having taken hits recently, two key components of Elon Musk’s empire are under pressure which some analysts believe, won’t see relief in sight anytime soon. Share prices have fallen for Musk’s co-founded companies – SolarCity and Tesla Motors. Despite a… Read More ›
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