Author Archives
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Cost Cuts by China’s Biggest Banks Results in Departure of Tens of Thousands of Jobs
The possibility that employment has peaked at the firms that are the world’s biggest providers of banking jobs was highlighted when China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first… Read More ›
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$20 Billion of Projects May be Cancelled by Saudi Arabia due to Cost-Cutting Drive
With the aim of repairing finances squeezed by low oil prices, projects worth more than $20 billion is planned to be cancelled and ministry budgets by a quarter are to be slashed by Saudi Arabia, reported Bloomberg citing people familiar with… Read More ›
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Rising Demand from Developing Economies, Oberthur Fiduciaire Confident in the Future of Global Banknote Market
Since the private players provide sophisticated anti-counterfeiting technologies like watermarks and security strips, most countries around the world have outsourced banknote printing to private companies. French worldwide company Oberthur Fiduciaire, which stands in the first row of global security printers,… Read More ›
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Millennials can Forget Sefie, Virtual Realty ‘Surroundie’ is here to Replace it
Helped by the rise of virtual reality (VR) headsets and affordable 360 degree cameras, selfie lovers can forget it and adopt the “surroundie” which can soon become the newest trend in picture taking. A selfie taken with a 360 degree… Read More ›
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U.S. Companies Come Out in Support of Microsoft in Gag Order Lawsuit
A Microsoft Corp lawsuit that intends to secure the right of companies and to strike down a law that prevents companies from telling customers the government is seeking their data found a number of supports ranging from technology, media, pharmaceutical… Read More ›
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Zukerberg Disappointed with SpaceX Rocket Blast Carrying Satellites for its Africa Internet Connectivity
Hobbling a Facebook Inc. initiative to spread internet access across Africa and marking the second loss of a spacecraft by Elon Musk’s venture in a little more than a year, a SpaceX rocket blew up on a launchpad in Florida. As SpaceX… Read More ›
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U.S. Military Aircraft Manufacturers Looking at Asia as the Growth Market
The United States may start notifying U.S. lawmakers as early as next as it is poised to sell $7 billion worth of Boeing Co fighter jets to Qatar and Kuwait after years of delays. The Reuters reported this citing information… Read More ›
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Focusing on Firms Closer to Home could be the Strategy of EU after Apple
After handing Apple a breathtaking demand for 13 billion euros, officials and experts said that multinational companies can expect the European Commission to press on with a crack down on sweetheart tax deals. But after a string of investigations of… Read More ›
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Deeper Cuts to Business to be Examined by Deutsche Bank Managers
Deutsche Bank is grappling with sliding revenue and negative interest rates and therefore the bank’s top executives will this weekend consider speeding up cuts at Germany’s biggest lender, reported Reuters citing sources with close knowledge of the issue. In August,… Read More ›
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$1.8 Billion U.S. Property Deal Lost by Goldman Sachs: Reports
The Blackstone Group LP to prevail with a $1.8 billion deal for Alecta’s U.S. real estate sale, after Goldman Sachs Group Inc., which was the original winner of the sale, managed to goof up the transaction due to a disagreement… Read More ›
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