With an increase in wealth in Greater China, there is a significant rise in the number of clients wanting family office services. Credit Suisse aims to tap this emerging market. In a move aimed at increasing its services among wealthy… Read More ›
Month: May 2019
Amazon in talks with UK food delivery app Deliveroo
Amazon intends to invest a substantial proportion of the $575 million funds that Deliveroo raised, into the gig economy. Amazon.com Inc intends to invest in UK food delivery app Deliveroo as part of a $575 million fundraising. The world’s biggest… Read More ›
Microsoft And Sony To Jointly Work On Gaming, Chips And AI
Japanese tech company Sony Corp would not make use of Microsoft Corp’s cloud services for streaming of its games and media according to a new agreement on partnership struck between the two companies. The new strategic agreement also opens up… Read More ›
Slowing Global Economy To Drive Growth Of Pre-Owned Business Jets: New Report
The anticipated softening of the global economy in the next few years would present an opportunity of significant growth for trade in pre-owned business jets which would surpass the deals in new plane deals by four-to-one. This prediction was made… Read More ›
Its Own Decision On 5G & Huawei Would Be Taken By UK
The decision of whether or not to include the Chinese telecom giant Huawei in its construction of 5G network in the country would be taken by the United Kingdom and the decision would not be influenced by outside forces. The… Read More ›
Brexit Preventing People From Holidaying, Says Thomas Cook
There would be further headwinds for the rest of year, warned the travel firm Thomas Cook as it also reported a loss of £1.5bn for the first half of the current year. The company said that the company now had… Read More ›
Trump’s Move Against Huawei To Be Retaliated, Warns China
China would undertake the required measure to protect the interests of its companies and businesses, said the country in retaliation to the decision of the United States to ban American telecom from using equipment and technology from the Chinese telecom… Read More ›
US Shopper Will Face Higher Prices Due To Increased Tariffs, Warns Walmart
The higher tariffs imposed on goods from China would result in increased pricves for shoppers, said the world’s largest retailer Walmart Inc on Thursday. This warning was issued by the company even as it reported the best comparable growth in… Read More ›
Nestle SA in exclusive talks with consortium led EQT Partners and ADIA for selling its skin health business
Although there is no certainty that the deal will go through, but if and as and when it does, Nestle will provide an update on how it will use the proceeds as well as provide a layout of its future… Read More ›
Berkshire Hathaway Inc discloses $861 million stake in Amazon.com
Berkshire Hathaway Inc position in Amazon.com was made in a regulatory filing. Many investors monitor Berkshire’s quarterly filings for signs of which companies Buffett, Weschler and Combs see value. In a regulatory filing, Warren Buffett’s Berkshire Hathaway Inc disclosed that… Read More ›
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