According to a Reuters report, a payment system license under Switzerland’s Financial Market Supervisory Authority (FINMA) is being sought by social media company Facebook for its planned digital coin project Libra. Its choice to coordinate and get regulated by a… Read More ›
Just days before a planned face to face meeting between the trade representatives of the United States and China, Beijing announced its decision to exempt 16 types of US products imported into the country from tariffs. The Chinese Ministry of… Read More ›
A “shallow recession” is likely to hit the United States, opined Eric Fishwick, chief economist at Hong Kong-based investment bank CLSA. Fishwick also said that a slowing global economy and an escalating trade dispute between the US and China is… Read More ›
The recent effort of Cuba to formulate and implement a modernization of its economy would be willingly supported by the European Union (EU), said High Representative for Foreign Affairs and Security Policy of t EU, Federica Mogherini, on Monday. “We… Read More ›
There is a raging privacy row in China over a new Chinese app that allows its users to convincingly swap their faces with film or TV characters. The app has fast gained popularity in the country and has become the… Read More ›
After Uber and Lyft, WeWork is one of the companies of the United States whose decision and announcement to become publicly listed as a tech company this year is being closely watched by investor with enthusiasm and expectations. However the… Read More ›
The chairman of Hong Kong’s flagship airline Cathay Pacific, John Slosar, is set to retire after donning the chair for 39 years. This retirement announcement also assumes importance because of the resignation of two of the top[ executives of the… Read More ›
A hyper car from Bugatti topped the 300 mph for the first time in history of cars. A modified version of its hypercar crossed 304 mph in a test drive. This test was carried out on Volkswagen’s Ehra-Lessien test track… Read More ›
The services sector of the United Kingdom has been pushed down more than expected because of the Brexit uncertainty and this could lead the country’s economy to be pushed into a recession which would be the first since the global… Read More ›
Two of the largest competitors for the retail market – both physical and online, Amazon and Walmart, who are fighting out to gain dominance in the very large and fast growing retail market in India, are also in a race… Read More ›
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