Author Archives
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Recession Risk Increases as Brexit Wreaks Havoc on U.K. Economy
As business activity shrank at its fastest pace since the last recession seven years ago, the U.K.’s decision to leave the European Union inflicted an immediate blow on the economy. Markit Economics said in a one-time report published on Friday,… Read More ›
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Syngenta CEO says Despite ChemChina Distraction, Company Focused on Growth
Amid ongoing discussions with regulators over its $43 billion takeover by ChemChina, Syngenta has not taken its eye off the ball. Following the reporting by the company of its results where it’s sales and profit that missed expectations, the chief… Read More ›
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Brexit Jitters Result in a Fall of 27% in Europe Venture Capital Start-up Funding
With deals in the U.K. and Ireland hitting a five-year low amid uncertainty surrounding Brexit, the amount of capital being invested in technology start-ups in the region has plummeted even though European venture capital funds (VC) raised a record amount… Read More ›
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Huawei Sued by Samsung Elec in China for Patent Infringement
A legal conflict between two smartphone rivals has been escalated in China as more legal suits are filed against one after the other had done so some time back. Huawei Technologies Co Ltd was sued for patent infringements through multiple… Read More ›
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Post Brexit, Amsterdam Is Coming to Get London (Business)
By focusing on quietly targeting specific sectors like clearing, fintech and high frequency trading, Amsterdam is taking a different approach from other European cities to lure London’s post-Brexit business. “Within that financial sector, there are parts, niches, clusters that will… Read More ›
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Lapses at DBS, UBS, Standard Chartered Uncovered in Singapore in Relation to 1MDB Scandal
Singapore’s central bank has said that it had found lapses and weaknesses related to the beleaguered Malaysian wealth fund which has embroiled DBS, UBS and Standard Chartered in the scandal surrounding 1MDB. Actions against the banks would be taken as… Read More ›
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$20 Million Raised by Start-up Developing Keyhole Surgery Robot
Backed by European automation giant ABB, $20.3 billion was raised by a start-up creating robots to assist surgeons in carrying out keyhole surgery. A surgeon is allowed to operate by only making a tiny incision rather than a large opening… Read More ›
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Return to Global Markets being Explored by Iran After 14 Year Hiatus
A year after a historic nuclear deal that offered it a route out of isolation Iran is seeking to finance an economic recovery by exploring a return to international debt markets for the first time since 2002. In a step… Read More ›
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Safety and Advisory Tips for Pokemon Go Gamers Issued by Spanish police and Middle East Countries
Following the release and the instant and magnanimous popularity of Pokemon Go, guidelines on how to safely use augmented-reality video games were issued for the public by the Spanish police on Monday. Tips like users and players of such games… Read More ›
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Autonomous Cars in Germany Need to be Installed with a ‘Black Box’
All cars with an autopilot function would now be manufactured in Germany would be required to be equipped with black boxes. According to a news report published by news agency Reuters citing sources in the transport ministry of the country,… Read More ›