According to a report by the World Economic Forum (WEF), compared to financial technology (fintech) start-ups, banks are faced with more competitive disruption from tech behemoths. The report concluded that start-ups had less of an impact than expected, contrary to… Read More ›
Day: August 22, 2017
11 Post-Brexit Trade Deals That UK Is Preparing Might All Be For Nothing
With the aim of reducing the economic impact of leaving the European Union, the U.K. government is preparing 11 trade deals. But despite the efforts, all this work might not be fruitful. While a member of the European Union, the… Read More ›
Lockheed Martin wins $427 million contract: Pentagon
The contract is for ancillary military equipment and pilot flight equipment for F-35 Joint Strike Fighter aircrafts.
The United States begins upgrading and replacing its ageing missile deterrence systems
The move, which is expected to cost the U.S. nearly $1 trillion over the next 30 years. Comes midst the Trump Administration’s drive to overhaul and boost the defense industry of the country. In a significant development the Pentagon has… Read More ›
Brazilian government likely to sell a portion of its stake in Eletrobras
This has the potential to open up Brazil’s power sector to private players. As per a Brazilian government source, the Brazilian government’s stake along with other state entities in Centrais Elétricas Brasileiras SA, a power holding company, could be as… Read More ›
BHP Billiton exploring options for its U.S. shale oil business, including sale
The shale oil business is no more a core asset for the company. The development is pregnant with potential. BHP Billiton’s CEO Andrew Mackenzie has disclosed that a number of parties are interested in acquiring the company’s U.S. shale business…. Read More ›