Author Archives
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Privacy Scandal Does Not Impede Facebook To Post Record Revenues For First Quarter
Facebook posted record revenues for the first quarter of 2018 despite a huge issue and problems in relation to data privacy. The company beat Wall Street estimates of revenues of $11.41bn posting a 49% increase compared to same period last… Read More ›
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VW Open Working With Tata Motors For Making Affordable Car For The Indian Market
German automaker Volkswagen AG has not given up on its plans of manufacturing and offering budget cars to millions of potential consumers in India as this became apparent as the company signaled that it had not completely ruled out a… Read More ›
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Comcast Bids £22bn For Sky, Its Support For Rupert Murdoch Acquisition Cancelled By Sky
The hopes of Rupert Murdoch to acquire Sky successfully apparently have bene roadblocked by a rival bid of £22 billion bid by the US Media giant Comcast. A number of regulatory issues have held up the takeover of a 61 per… Read More ›
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Fears Of Poor iPhone X Demands Spokes Investors, Apple Stock Looses $64bn In Three Days
The death knell could be sounded for the rally in the stocks of Apple following rising worries about the company’s iPhone x sale figures following reporting of disappointing guidance from two of the key suppliers of the iPhone maker. The… Read More ›
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Fears Of U.S Sanctions On Iran Forces Oil To Touch $75
The possibility of new sanctions on Iran spooked investors and traders which drove the price of crude oil to $75 a barrel which is the highest mark hit by it in more than three and half years. Brent crude reached… Read More ›
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China Truck-Hailing App To Get $1.9 Billion Led By SoftBank And Google
About $1.9 billion in investments is to be made into a Chinese truck hailing service platform Manbang by Alphabet Inc’s venture capital fund CapitalG, Japan’s Softbank Group and others. This was announced by the Chinese company in a statement on… Read More ›
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After TSCM, Another Apple Supplier AMS Issues Poor Outlook, Fears Of Weak iPhone X Demand Predicted
After TSCM, one of the largest chip suppliers for Apple’s iPhones brought down its target for the complete year at the end of last week, another supplier for the iPhone maker AMS.AG cautioned investors on possible negative operating margins which… Read More ›
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Billions Of Facebook Users Would Be Left Outside Of European Privacy Laws
According to the new terms of service that have been introduced by Facebook, it is being estimated that about 1.5 billion members of the social media platform would not be covered by the tough new privacy protections that are slated… Read More ›
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IMF Announces India To Be The Sixth Largest Economy Of The World With GDP At $2.6 Trillion
The International Monetary Fund has officially declared India to be the world’s sixth largest economy as it displaced France with a narrow margin to gain the coveted position in the global economy. the United States, China, Japan, Germany and United… Read More ›
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OECD Suggests Use Of Inheritance Tax For Reducing Wealth Inequality
The leading economic think tank of the Western world – the Organisation for Economic Cooperation and Development (OECD), is of the opinion that wealth inequality could be reduced by various governments with the use of the tax system with specific… Read More ›
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