Chinese IT giant Xiaomi has bene pitched by investors with offers of taking it public earlier this month according to a report by the Wall Street Journal, citing sources. Reports say that the company was valued at over $100 billion… Read More ›
Day: December 23, 2017
Tractica Report Predicts Annual AI Software Revenues To Reach $89.8 Billion By 2025
There is a rush among startups to develop platforms that offer artificial intelligence (AI) and create targeted and niche solutions that are able to address the firm specific problems. This is indicative that the market for AI is being now… Read More ›
Leisure Venues Kept Stable In The UK By Rise In Casual Dining Venues Which Offset Closure Of Pubs
The number of places where people can have a drink in the U.K. have not reduced despite the market conditions getting tough due to the emergence of casual dining offsetting of the closures of pubs. Compared to a year earlier,… Read More ›
An Academic Alleges Debt Trap To ‘Bend Other Countries To Its Will’ Being Used By China
Partner countries of China’s inter-continental Belt and Road Network would be deprived of their valuable natural resources and there is threat that they would be “shackled” by the project, if one of the critics of the project is to be… Read More ›
Drugmaker Amgen Inc to pay $6 billion to $6.5 billion in taxes over a span of time
Amgen stated the U.S. repatriation tax will impact its current generally accepted accounting principles (GAAP) earnings forecast, but will not have any affect on its non-GAAP forecast. With U.S. President Donald Trump signing the new tax bill into law on… Read More ›
Credit Suisse to write-down $2.3 billion due to changes in U.S. tax law
The Swiss banking giant stated it will provide a more detailed report on the impact of the U.S tax bill on its operations in its fourth quarter report, scheduled to be published on Feb. 14. Swiss banking giant Credit Suisse… Read More ›
China’s trade with North Korea rises in November 2017
The latest U.N sanctions are expected to have a crippling effect on North Korea’s economy. In November, according to business data China’s trade with North Korea edged up to $388 million, its lowest levels this year. Tough U.N. sanctions are… Read More ›
Boeing wins $6.2 billion contract for 36 F15 fighter jets
The development is in line with U.S. President Donald Trump’s strategy of boosting the sale of U.S. weapons exports to friendly countries. On Friday, the Pentagon stated, Boeing Co has been awarded a $6.2 billion contract for 36 F-15 fighter… Read More ›
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