Author Archives
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$5 Billion Valuation in IPO said to be Mulled by China Selfie App
The developer of selfie apps, China’s Meitu Inc., is discussing a share sale that would value the company at about $5 billion and is said to be in talks with investors ahead of its planned initial public offering in Hong… Read More ›
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New Cash Streams for a Start-Up Fueled by India’s ‘Black Money’ Cleanup
India’s ban on 500 and 1,000 rupee notes has opened up a new revenue stream for one Delhi-based start-up even though it might have sent the country into chaos. People are queuing up in banks for hours to exchange their… Read More ›
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As Trump vows TPP withdrawal, Japam, China Stepping in
Even as U.S. President-elect Donald Trump said in a video message that his administration will pull out of the trade deal, Japan on Tuesday reaffirmed its commitment to the Trans Pacific Partnership (TPP). The trade pact was meant to solidify the U.S.’s presence in what is considered… Read More ›
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After Drastic Withdrawal of Cash Supplies, Pain and Gain for India’s Economy: Analysts
As a cash crunch grips India, a commonplace picture now in the country is long queues outside bank branches and ATMs, frowning faces of small business owners and stranded tourists. But analysts argue that though they see short-term pain for… Read More ›
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As Italian Vote Looms, Currency Vigilantes get Ready to Strike Again
The newly empowered currency vigilantes are slated to get their latest chance to pounce by Italy’s constitutional referendum. The best way to express concern that Prime Minister Matteo Renzi’s reforms will become the latest victim of a rising populist mood… Read More ›
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For post-Brexit Britain, this Week Seems to be Crucial
When the U.K.’s Chancellor Philip Hammond presents the government’s first “Autumn Statement” on the state of the economy after the Brexit vote, he will be in the spotlight on Wednesday. For clarity on what the government’s economic plans are after the decision to… Read More ›
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Anticipating a Boom in Immigrant Detention Center, Private Prisons get a Boost from Trump
To house inmates serving federal sentences, it would stop contracting with private prisons, the U.S. Department of Justice issued a statement making the announcement in August. The stocks of Corrections Corporation of America, the world’s largest private prison company were… Read More ›
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Greater Global Internet Curbs Impelled by Terrorism and Fake News, says China
A second wind in old fears – terrorism and fake news, has provided some flight to China’s ambitions to tighten up regulation of the Internet. Pointing to the ability of militants to organize online and the spread of false news… Read More ›
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30,000 jobs at VW brand o be Cut by Volkswagen by 2020
In a compromise which leaves Volkswagen’s profitability still lagging rivals, the carmaker and its labor unions agreed to cut 30,000 jobs at the core VW brand. The company in turn committed to avoid forced redundancies in Germany until 2025. The… Read More ›
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Demand for Bitcoin Boosted by India’s Rupee Restrictions
A renewed interest in bitcoin among India’s consumers has been sparked by Indian Prime Minister Narendra Modi’s decision to withdraw 500 and 1000 rupee notes from circulation. According to The Hindustan Times, sales volumes for bitcoin increased on several exchanges… Read More ›
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