Dubai is likely to rely on debt for a significant part of the financing as the city aims to spend $35.7 billion to develop its second airport and logistics hub in the south of the city. The media reported citing… Read More ›
Day: December 15, 2016
The Situation in Europe Remains Difficult says Swiss Central Bank
As concerns and uncertainties still lurk in Europe, the Swiss National Bank’s monetary policy framework must remain “expansionary”, its chairman explained to the media on Thursday. “The situation in Europe remains more difficult and that’s exactly the reason why monetary policy… Read More ›
Theresa May’s posturing are a pointer to the fact that Britain needs access to EU’s single market bloc
Although Britain has opted out of the EU, Theresa May has stated it will still continue to play a full part in discussions on matters related to the European Union. Her warning that it would take nearly a decade to… Read More ›
Hackers compromise more 1 billion user accounts in Yahoo
Yahoo believes that its system which stores debit/credit card and other banking related transactions have not been affected by the hack. It would be prudent for Yahoo account holders to take immediate precautionary measures to safeguard their financial transactions regardless… Read More ›
Uber launches a fleet of self-driving cars in San Francisco
Its cars have a driver and an engineer seated in the front seats of the car, ready to take over whenever the situation so requires. Despite facing a backlash from regulators in the state of San Francisco, Uber Technologies Inc.,… Read More ›
Retailers and shippers feel the pinch of free delivery costs
With FedEx and UPS unable to replicate the revenue model of Amazon.com’s $99 a year Prime membership model, shippers and retailers are feeling the squeeze. In an unassuming building located in Addison, Chicago, engineers from United Parcel Service Inc. have… Read More ›
Chinese Billionaire, Jia Yueting, plans on raiding Tesla’s territory despite funds crunch
Spread across 10 years, armed with three car manufacturing startups, Jia Yueting plans on taking on Tesla Motors’s Model S and Model X with its LeSee Pro, which will be showcased in CES 2017. In CES 2017, 3 electric car… Read More ›
Snap Inc. and Uber technologies to lead IPO wave in U.S. in 2017
Although IPOs in the U.S. fell by more than a third in 2016, compared to 2015, the IPO scene is set to get a boost now that the uncertainty of the presidential elections is over. Fueled by a stronger economic… Read More ›
Britain to trigger Article 50 before March 2017
With Theresa May’s government advancing the date by when she intends on triggering Brexit talks, clearly she has a strategy in mind and is keeping her cards very close to her chest. While her flamboyant Brexit minister generates enough noise… Read More ›
Clarity required on how Britain will access EU’s single bloc market – Bank of England
As per the Deputy Governor of the Bank of England, the lack of clarity on how Theresa May’s government plans on accessing EU’s single market bloc could have serious consequences for Britain’s famed financial district.
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