As a direct fall out of the Indian Prime Minister Narendra Modi’s radical move to abolish most of the nation’s cash overnight, the global diamond industry is facing disruption that could stretch through the first few months of next year,… Read More ›
Month: December 2016
10 Other EU Banks would be Tripped up by ECB’s Monte Paschi Capital Bar
The potential objections to the plan of European Central Bank’s capital demands on Banca Mote deiPaschi di Siena SpA based on stress-test results, were highlighted in reports that Deutsche Bank AG, UniCredit SpA and eight other European Union banks would fall… Read More ›
Investors Worried About Trade Wars and Trump Tweets is Lured to Gold
A new age for gold as an investor safe haven is being made by the Donald J. Trump era. A bevy of political and economic surprises in 2016 sparked a surge in buying that sent bullion to the first annual… Read More ›
Amazon’s Idea of a Flying Warehouse, Using Drone to Deliver Parcels in Minutes, Granted Patent
Amazon is now going to store its products in the air. A patent for a giant flying warehouse that acts as a launchpad for drones to deliver items within minutes has been granted to the worlds’ biggest online retailer recently…. Read More ›
3 Chinese men caught trading with insider information gained from hacking
The 3 Chinese men made more than $4 million from these trades. While Hong, 26, has been arrested in Hong Kong, Zheng, 30, and Hung, 50, are yet to be taken into custody. U.S. prosecutors have criminally charged three Chinese… Read More ›
Lockheed Martin wins $450M contract: Pentagon
This contract is linked to a previous contract in which Lockheed was to build and delivery F-35A fighter jets to South Korea. The Pentagon has reported that Lockheed Martin Corp has been awarded a contract worth $450 million, which is… Read More ›
Brexit has made British companies vulnerable to acquisitions
The shock verdict has led to a fall of business and investor confidence in the British economy. The fall of the pound has made the UK companies easy picking for foreign companies who have snapped up lucrative deals. The shocking… Read More ›
Leaving a SWIFT token inside a connected computer, key to cracking world’s biggest cyber heist
Even after 11 months of investigation by half a dozen of the world’s investigative agencies, no suspect has been arrested in a case that has highlighted vulnerabilities in SWIFT. According to Mohammad Shah Alam, a deputy inspector with the Bangladesh… Read More ›
There can be More Incidents Like Facebook’s Safety Alert in Bangkok
After the report of a small bomb explosion, it wasn’t a mistake to tell people in Bangkok to mark themselves as safe, Facebook Inc. said. How much more common the social network’s “safety check” alerts are going to become is… Read More ›
World’s Richest Made $237 Billion, As Populists Won 2016 Ballots
The world’s wealthiest people are ending 2016 with $237 billion more than they had at the start in a year when populist voters reshaped power and politics across Europe and the U.S. According to the Bloomberg Billionaires Index, the biggest fortunes on… Read More ›