There was no growth at all in the economy of Italy for the third quarter of the current year as all economic activity came to a virtual standstill during the quarter. This development in the country assumes importance because the… Read More ›
Day: October 30, 2018
Higher Consumer Spending Helps Mastercard Beat Expected Q3 Earnings
An increase in the U.S. consumer spending has helped payment system companies such as Visa and PayPal Holdings to benefit in the third quarter just as Mastercard Inc. which reported better than expected earnings. $1.78 per share was the reported… Read More ›
U.S. to become “undisputed leader” for oil and gas in the next 5-10 years
Armed with improved recovery rates, innovative technology and financing, the U.S. has overtaken Saudi Arabia in crude oil production in September 2018 and is within reach of the world’s no. 1 crude oil producer – Russia. In a strategic development,… Read More ›
Australia to exclude telecom equipment suppliers with ties to foreign governments from its 5G market
Given that 5G will become a critical infrastructure since it will connect everything ranging from smart gadgets to automobiles, telecom equipment suppliers will be scrutinized for their ties to foreign governments. In what could possibly explain Australia’s move to ban… Read More ›
France and Italy signs military shipbuilding deal
French defense company Leonardo favors a joint venture with Italian defense shipbuilder Fincantieri for a military shipbuilding deal: Italian news agency Corriere della Sera. As per a report from Italian news agency Corriere della Sera, the joint venture that has… Read More ›
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