Following the acceptance of gold as a means of trading by the group that sets standards for the industry adopted Shariah-compliant rules, the precious metal is now acceptable for the first time as an investment in Islamic finance. The Accounting… Read More ›
Day: December 5, 2016
Donald Trump Enters South China Sea Debate as he Slams China as Currency, Trade Manipulator
Accusing Beijing of manipulating its currency, unfairly taxing U.S. products and militarizing the South China Sea, Donald Trump has lashed out again at China. Tweeting on Sunday evening, the U.S. president-elect said: “Did China ask us if it was OK… Read More ›
Zenith Optimedia predicts ad revenues to hit $50 billion by 2019
In an increasingly digital world, businesses will shift their advertising strategy from traditional sources to mobile electronic ones. The leading forecaster has stated that advertising revenues from electronic mediums are likely to exceed traditional sources by 2020. Zenith Optimedia, owned… Read More ›
Panasonic in acquisition talks with LED manufacturer ZKW to expand its footprint in the auto industry
Japan’s Nikkei has reported the deal citing an anonymous source. Although it’s too early to confirm the deal, if it goes through, which could be as early as the end of this month, it will further consolidate Panasonic’s involvement in… Read More ›
Burberry rejects multiple takeover offers from Coach Inc.
If the merger would have gone ahead, according to the Financial Times, the market capitalisation of the combined company would have been in excess of $20 billion. As per the Financial Times, Burberry, a British luxury fashion brand, has rejected… Read More ›
BMW to offers its fleets of premium self-driving cars for ride-hailing services
In 2017, BMW will test its autonomous vehicles in Munich with a fleet of 40 vehicles. It will then gradually expand it to other cities as well. Although its cars will have self-driving capacity, they will be manned by a… Read More ›