Author Archives
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Allianz says German Households Lost Over $200 Billion due to Over-caution
German insurance giant Allianz said that over the past four years, 200 billion euros ($223 billion) has been lost in investment income by German households due to their overcautious attitude. Rather than investing in shares or funds, Germans lost out by keeping… Read More ›
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Control of Internet Falling Into Few Hands, Warns Web Security CEO
The internet is increasingly controlled by a select few tech companies, including Google, Facebook, Apple and Amazon even though it was designed to be a massive, decentralized system that nobody controlled. And these companies are continuing to consolidate power, feels the… Read More ›
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Ugliest Shoes in the US are a Billion Dollar Market
Ugly shoes are the new craze in America. Stretchy laminated sneakers and weird, fur-striped sandals are being sold by Zara. And celebrities and fashion editors are wearing clunky black-and-white Adidas slippers. Some mystifying, ultra-shaggy slip-ons were designed by Gucci. Awkward, curvey… Read More ›
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Research Claims More than$2.5 Billion Hoarded Away by US Firms in Offshore Accounts
According to new research by independent advisory firm Capital Economics, the cash that is held overseas by U.S. firms is very unlikely to be ever repatriated and the report also states that the amount of cash held overseas by U.S…. Read More ›
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Halal Food – $20 Billion Hit in America
Sometimes, culinary trends and political ones move together. While a recent falling-out with the French led to the invention of “freedom fries”, Sauerkraut was renamed “liberty cabbage” when the U.S. was at war with Germany. However sometimes they move in… Read More ›
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HSBC says Alarm Bells should be Ringing by now due to Rising Global Imbalances
The advent of deflationary forces and the slamming of brakes on global growth is being blamed on global current-account imbalances which is being claimed to be back. And an effective, international policy response to the problem is likely to be a long… Read More ›
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For Tech Start-Ups London is More Expensive than San Francisco
Potentially stifling its ability to create the next Google or Twitter, according to a new report, New York and San Francisco have been trumped by London which has been named as the most expensive city in the world for technology… Read More ›
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Alcatel Integration Sped up by Nokia CEO Stung by Failed Mergers
Rajeev Suri put his team at Nokia Oyj on a tight schedule: in just 90 days they had to hash out which products to keep and which to jettison, after gaining control of French network-equipment rival Alcatel-Lucent SA in January. “Procrastinated… Read More ›
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Negative Rates to be made Centerpiece of Future Easing by BOJ: Reports
By shifting its prime policy target to interest rates from base money at its review next week, the Bank of Japan will consider making negative interest rates the centerpiece of future monetary easing, reported Reuters citing sources. As more than… Read More ›
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Luxury-Goods Industry Descends into Gloom
After Richemont predicted a profit plunge that Chairman Johann Rupert deemed unacceptable and Hermes International SCA abandoned a long-standing forecast, the crisis in the global luxury-goods industry deepened. Richemont, the maker of Cartier jewelry, warned it may have to deepen… Read More ›
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