Significantly, its Tier 1 capital ratio is also impacted by the overhaul. British lending giant Barclays disclosed that it expects to write-down nearly $1.34 billion (1 billion pounds) from its annual post-tax profit as a result of the U.S. tax… Read More ›
GE will buy the outstanding shares from those owned by Elliott Management and the Polygon Investment Group. On Wednesday, GE disclosed it will increase its stake in Arcam AB, a Swedish 3D printer maker, to more than 90%, from 77%…. Read More ›
The lawsuits, affecting the iPhone 6, iPhone 6s, iPhone SE and iPhone 7, seek unspecified damages, and in some cases reimbursement and even barring Apple to throttle the performance of its iPhones. Following Apple’s admission of slowing down ageing iPhones,… Read More ›
China is transforming into a society that is not only one that own pets but also one that is willing to spend lavishly on them. According to experts, a massive move to urbanization, the growth of the middle class and… Read More ›
The deal will be formalized today in a ceremony in which Zhenhua Oil is expected to commit to building an “oil residential complex” in Iraq’s East Baghdad oilfield, a super giant. A spokesman for Iraq’s oil ministry disclosed that it… Read More ›
Matthias Mueller, the CEO of the VW group stated he expects the group’s operational profit for the fourth quarter to be outstanding. Despite overwhelming odds, Europe’s largest carmaker Volkswagen is slated to report excellent results, much of which can be… Read More ›
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 ›
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 ›
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 ›
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 ›
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