Author Archives
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BP Gains Abu Dhabi Oil Field Stake for $2.2 Billion in Stock
By swapping about $2.2 billion of its own shares for a stake in one of the emirate’s largest onshore oil concessions, BP Plc cemented its 77-year relationship with Abu Dhabi. The London-based company said in a statement that giving the… Read More ›
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Fake News Tackled by Facebook
The social media giant Facebook unveiled some new steps on Thursday that it’s taking to address hoaxes and fake news as the IT giant faces ongoing questions about the role that fake news played in the election — and criticism… Read More ›
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Toyota Could Sell Engine Technology to Rivals as it Unlocks them
Hoping to boost sales and speed up the industry’s shift to lower-emission vehicles, Toyota Motor Corp plans to open up its powertrain technology to rivals, and a period of long guarding about what was beneath the hood of its pioneering… Read More ›
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World’s Biggest Airport is Being Planned at Dubai for $36 Billion
Dubai is likely to rely on debt for a significant part of the financing as the city aims to spend $35.7 billion to develop its second airport and logistics hub in the south of the city. The media reported citing… Read More ›
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The Situation in Europe Remains Difficult says Swiss Central Bank
As concerns and uncertainties still lurk in Europe, the Swiss National Bank’s monetary policy framework must remain “expansionary”, its chairman explained to the media on Thursday. “The situation in Europe remains more difficult and that’s exactly the reason why monetary policy… Read More ›
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A 10-Year Global Arms Race Set to be Driven by India and China
According to a new report released by IHS Markit, set to drive stronger defense spending over the next decade are emerging global powers China and India. Annual defense budgets should return to pre-financial crisis levels by 2018 even as global… Read More ›
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The World is being flooded with Super-Cheap Airfares by Chinese Airlines
Chinese airlines are delivering a hammer blow to foreign carriers trying to keep up by flooding the world with some of the lowest long-haul fares ever seen. Many operators are feeling the squeeze from the extended reach of mainland Chinese… Read More ›
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Bitcoin Business to be Discarded by Payments start-up Circle
Since it has failed to become a meaningful part of its business, U.S.-based Circle Internet Financial Ltd will no longer allow customers to buy and sell bitcoin. The company is a social payments app backed by Goldman Sachs, it said… Read More ›
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Banks Listen in on Phone Calls to Discover the Best Traders
If one intends to get hired as a trader, one should be careful, not about what one says, but how one says it. Voice analysis technology aimed at identifying behavior associated with a successful career as a trader is being… Read More ›
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This Startup Hawks Edible Body Paint and Lingerie in Conservative India
With a consistent doubling of annual sales, gross margins exceeding 50 percent, low customer acquisition costs and strong repeat traffic, the Indian e-commerce startup That’s Personal touts financial metrics that venture capitalists typically salivate over. And despite this, it is… Read More ›
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