In a deal that would make it the most valuable startup in China, Ride-hailing giant Didi Chuxing is near an agreement to raise $5 billion to $6 billion, reported the media quoting people familiar with the matter. One of the people, asking… Read More ›
Day: April 26, 2017
To Stem Oil Price Pressure, Abu Dhabi Sets Sights On Financial Services
In a continued push to diversify the United Arab Emirates’ economy as its comes under continued pressure from oil prices, Abu Dhabi has set its sights on developing a booming financial services sector. To power their economies, attempts to reduce… Read More ›
One of Europe’s strongest economies still prefer the safety of cash
While many European, American and Australian respondents of the Ipsos survey conducted on behalf of ING bank website eZonomics prefer going cashless, the survey shows that Germany has recognised the dangers of slipping into a cashless society, despite its lucrative… Read More ›
Toshiba considering second-tier accounting firms as it auditor, to replace PwC Arata
Within less than a year Toshiba has had a turnover of 2 auditors. Japan’s business daily, the Nikkei has reported that Toshiba Corp will be replacing its auditor PriceWaterhouseCoopers (PwC) Arata. The development comes in the wake of Toshiba struggling… Read More ›
The Trump administration likely to protect semiconductor, ship building and aluminum industries citing national security concerns
The Trump administration is leaving no stone unturned to ensure that American business interests are protected from those trying to exploit loopholes and weaknesses in existing treaties. Wilbur Ross, the U.S. Commerce Secretary has told the Wall Street Journal that… Read More ›