Goldman Sachs has warned that there can be job cuts if there is no deal when the United Kingdom goes out of the European Union. This has caused UK politicians to start an inquiry to ascertain the best way out for… Read More ›
Month: January 2019
Hyundai Motor reviewing optimization plans for its Chinese factories
For its full year, Hyundai Motors sees a flat sales growth. Hyundai Motor faces overcapacity at its Chinese plants. Following a slump in its car sales in China, Hyundai Motor stated, its Chinese joint venture is accepting voluntary retirements from… Read More ›
France preparing for no-deal Brexit: French Finance Minister Bruno Le Maire
Le Maire made it very clear that if Britain goes the no-deal route, it will not ease the process by offering deals on logitics and aviation. Supply chains could be significantly affected in case of a cliff-hanger Brexit. French Finance… Read More ›
Open-Source Startup Citus Data Acquired By Microsoft
The open-source company Citus Data has been acquired by US tech giant Microsoft with the aim of increasing the effectiveness and competitiveness of the cloud computing business of the company, said the tech company on Thursday. The open-source database software… Read More ›
Whatsapp, Instagram And Messenger To Be Integrated By Facebook
The messaging services on Instagram, WhatsApp and Facebook Messenger are being planned to be integrated by Facebook. While still remaining stand alone applications, the integration is being planned at a much deeper level which would allow linking of the three… Read More ›
UBS’ Ermotti Says There Could Be Quick Freezing Of Global Liquidity
Experts have made a wrong assessment about global liquidity and very soon there could be a freeze up of market activity, believes the chief executive of Swiss bank UBS. The worst December performance since the Great depressions of 1931 was… Read More ›
Study Shows Less-Skilled Labour To Be Hardest Hit In US Heartland By AI
A new study by Brookings Institution researchers claimed that the reshaping of the workplace by developments in robotics and artificial intelligence would exert the most pressure again on the Midwestern states in the United States which has been the hardest… Read More ›
World Should Not Be Too Concerned About Chinese Economy: Beijing In Davos
Analysts and experts have over blown the fears related to its economic slowdown, is the message that China is attempting to deliver at the World Economic Forum at Davos. The Chinese economy is making substantial growth, and it is crucial… Read More ›
British lawmakers push for 9 month Brexit extension
May’s counter to this development needs to be weighed in, since irrespective of grant of an exception to extend Brexit, there is no change in the decision itself – No Brexit, No deal or deal. An attempt by British lawmakers… Read More ›
EU finance ministers reject easing out liquidity rules for trading in bullion in Basel III
Basel III regulations are slated to come into force in 2022. While he London Bullion Market Association (LBMA) wants the net stable funding ratio (NSFR) to be at the 50% mark, EU finance ministers want it secured at 85%, to… Read More ›
