After U.S. President Donald Trump blamed white nationalists and anti-racism activists equally for violence in Virginia over the weekend, Apple Inc CEO Tim Cook has joined a chorus of business leaders who have voiced their opposition to Trump. “I disagree… Read More ›
Day: August 17, 2017
Three Countries Are Threatening Asia’s World’s Economic Miracle
The key factors that could derail Asia’s steady economic growth are a territoriality aggressive China, North Korea’s nuclear hostility and a chaotic White House under President Donald Trump. Richard Haass, president of the Council on Foreign Relations, wrote in a new Project Syndicate editorial… Read More ›
Wal-Mart’s second quarter sales beat analysts expectations
Its strategy of having customers place their orders online and have them collect the same from brick and mortar stores, appears to have paid off. On Thursday, Wal-Mart Stores Inc reported its twelfth consecutive rise in quarterly sales. It has… Read More ›
Ericsson sues Wiko over patent infringement issues
Ericsson has alleged that Wiko infringed on several of its patents for several years depite negotiations from 2013. Swedish mobile gear maker Ericsson has dragged French-Chinese smartphone maker Wiko to court in Germany over patent infringements. On Thursday, Ericsson stated… Read More ›
Chinese state backed China Unicom reports misleading fund raising figure, opens Pandoras Box
Although the misrepresentation has been quickly dismissed by China Unicom Hong Kong Ltd as a technical issue, the fact that China Unicom has the full support and backing of the Chinese state, it puts into doubt the veracity of the… Read More ›
Swedish mobile telecom gear maker Ericson to lay off 25,000 employees outside of Sweden
This is part of its strategic cost cutting move to at least $1.2 billion by mid-2018. Svenska Dagbladet, a Swedish daily has reported citing anonymous sources familiar with the matter at hand, Ericsson is likely to lay off 25,000 employees… Read More ›
Digital bitcoin exchange firm ShapeShift AG completes the acquisition of KeepKey Holder LLC
The deal will allow ShapeShift’s customers to transact in digital currencies without even visiting a website. ShapeShift AG, a Swiss digital currency exchange firm disclosed that it has acquired U.S. based KeepKey Holder LLC, a maker of digital wallets, in… Read More ›
The majority of British companies have yet to make changes in their strategic planning vis-a-vis Brexit
The result of a survey conducted by Thomson Reuters on British CFOs is intriguing. As per the results of a survey conducted by Thomson Reuters on British CFOs, the vast majority of British businesses are not in synch… Read More ›
Placing a nuclear warhead on an ICBM missile would be crossing a red line: South Korea’s President Moon Jae-in
This is the first time that the South Korean President has clarified on this matter. North Korea will now know there’s no turning back the clock if it were to continue doing its Don Quixote act. On Thursday, South Korea’s… Read More ›