It is probably not a coincidence that terrorists tried to attack the British parliament. In a development that is likely to have wide ranging ramifications for Britain, Islamist-inspired attackers stabbed a policeman and plowed a car into pedestrians close to… Read More ›
Month: March 2017
EU Deal Near Collapse, Says World’s Largest Refugee Host
According to Turkey’s minister in charge of EU integration, the agreement between Turkey and the European Union, to help stem the largest flow of refugees since World War II is inching closer to collapse. Omer Celik said in an interview… Read More ›
Goldman Says Rather Than Price Setter, OPEC Is Now An Inventory Manager
Goldman Sachs analysts say that an oversupply situation would be created and a big problem faced for efforts by major oil producing nations to support prices by an increase in new production projects and a shale boom. Record production capability… Read More ›
Rock Labs snags $75 million in first round of funding
Launching small satellites is a lucrative business and the market is slated to boom in the next 10 years. New Zealand and Los Angeles-based startup, Rocket Lab, has just completed a series D round of financing of $75 million…. Read More ›
Goldman Sachs will relocate to a European city
The bank has reiterated that will continue to service its European customers regardless of its relocation efforts. Its services across Europe will not be affected by the move. As part of its contingency plans, Goldman Sachs Europe’s CEO has disclosed… Read More ›
Britain cozying up to China to offset EU trade
Britain hopes to stave-off the effects of a hard Brexit by partnering with China. A top official at Britain’s finance ministry has stated that Britain aspires to be China’s leading Western partner as China tries to manoeuvre itself as the… Read More ›
Brexit negotiations could reshape UK
The Brexit negotiations will be one of the most challenging negotiations Britain will be undertaking since the end of WW II. May will have to tread carefully since it will decide her political legacy and has the potential to re-shape… Read More ›
Wal-Mart set to launch its first investments arm – Store No. 8
In order to better compete with arch rival Amazon.com, Wal-Mart is hoping to profit from the benefits of its investment arm, which will focus on tech startups, so as to better compete in its e-commerce push. The world’s largest brick… Read More ›
SoftBank sinks in $300 million in WeWork in its first round of funding
SoftBank could potentially invest nearly $3 billion into WeWork through its Vision Fund. A source familiar with the matter at hand has disclosed that SoftBank Group Corp has invested $300 million in WeWork, a shared-office space company. The investments is… Read More ›
Ether’s rise largely led to the fall in prices of bitcoins
Ether is a new cryptocurrency which has nearly tripled its value. Although Bitcoin suffered its biggest ever fall since early 2015, with investors selling the crypto currency on worries about its future, it quickly regained its composure. Having touched… Read More ›