Questions about whether the president-elect Donald Trump can actually return offshored jobs back to the United States would be proven to be true or false by Trump’s negotiations with Apple, said Inside.com CEO Jason Calacanis in the TV interview. A… Read More ›
Month: December 2016
Post-Brexit Plan to British Government Proposed by London Tech Leaders
Entrepreneurs and investors have warned that if the British government does not clarify how it plans to keep the best technical talent, London’s standing as Europe’s leading destination for tech start-ups is at risk. The government was pressed to act… Read More ›
Foxconn Eyes U.S. Expansion, Softbank’s Son Pledges $50 Billion as Trump Woos Asian Firms
As U.S. President-elect Donald Trump pushes to bring manufacturing and jobs back home, two of Asia’s biggest technology companies said they were looking to expand investment in the United States. Apple Inc supplier Foxconn said it was in preliminary discussions… Read More ›
Goldman and Deutsche Bank say as Cash Crunch Impact Ebbs, India’s Economy to Rebound Next Year
Even as a massive cash crunch is expected to drag growth lower in the current year, India will rejoin the ranks of the fastest growing major economies in the world next fiscal year. While Goldman Sachs pegged the growth rate for… Read More ›
Alipay Expands into Europe with Deals with Banks, Hints at Apple Pay Rival
As Ant Financial, the Alibaba affiliate, continues to expand in Europe, announced partnerships with European banks. The company runs the Alipay payments service. The company claimed that an additional 930,000 merchants would be allowed to start accepting Alipay if they wish to… Read More ›
Aetna’s $34 billion acquisition of Humana violates antitrust law – U.S. Justice Department
According to the Justice Department, the acquisition violates antitrust law since it adversely affects the insurance of individuals who are covered under Obamacare and the disabled who are on Medicare. However, changes to these laws are on the anvil with… Read More ›
Ford Motor to raise $2.8 billion to fund its foray into EVs and self-driving technology
At the same time, Ford Motor is also trying to catch up with General Motor by boosting the production and sale of its large SUVs. According to a filing with the U.S. SEC, Ford Motor Co is set to raise… Read More ›
Barclays exits from trading in energy
Barclays exit isn’t surprising since many large investment banks have also minimized their profile in the energy trade following the 2008 financial crisis. While merchant traders have sought to fill its shoes, given their aversion to the futures market and… Read More ›
New Market Opens up as Gold Standard Approved for Islamic Finance
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 ›
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 ›