Author Archives
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BNP, Santander Staff being Probed in Spain Over Roles in Tax Case
Amid allegations they may have helped shield customers’ international transfers from tax authorities, the Spanish authorities are investigating some Banco Santander SA and BNP Paribas SA employees, reported Bloomberg citing a person familiar with the probe. By analyzing evidence including papers… Read More ›
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Will the $30 trillion ‘Great Wealth Transfer’ Change the Way of Financial Advising
Demographics and the aging of the baby boomers is the most important issues that looms for the financial advice industry. Roughly $30 trillion in assets would be transferred to their Gen X and millennial children by the biggest and wealthiest… Read More ›
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A Discount of 40% being Offered for Renting of World’s Biggest Jetliner
With the aim of spurring demand for the second-hand jets leasing firm Doric is offering its used Airbus Group SE A380 superjumbos at a 40 percent discount compared to the $2 million-plus monthly rental rate for a new plane. Sibylle… Read More ›
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Contract Worker Rights Ruling by US Labor Board Opposed by Microsoft
Arguing that a case by a U.S. labor board would have big implications for the technology company, Microsoft Corp has asked a federal court to throw out a ruling by the board extending the responsibility of companies for contract workers…. Read More ›
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Tony Seba Predicts Lower Maintenance Costs would Soon Make Electric Cars Cheaper than Regular Cars
Tony Seba, a serial entrepreneur and author believes that cost-effectiveness rather than a green revolution would make all new vehicles being bought to be electric by 2025. Tony Seba opined these views at a Nomura investment forum. The internal combustion… Read More ›
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A Big Change in Code and China Results in Bitcoin hitting a 2-Year High
Due to a rule written in the cryptocurrency’s code which could tighten its supply and as it becomes a safe-haven bet amid broader macroeconomic worries, the price of bitcoin has hit its highest level in more than two years. Touching its… Read More ›
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RBS Sued for $184 Million over Alleged Conspiracy by UK Businessman
In the latest case to allege misconduct by the bank’s restructuring division, RBS has been alleged to have conspired to push the business into administration to benefit from its sale by the former CEO of a software company who is… Read More ›
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Study Finds it would Cost Wal-Mart $4.95 Billion if it Hiked Wages to $15 per hour
According to an estimate by the UC Berkeley Center for Labor Research, if Wal-Mart Stores Inc were to raise the minimum wage for its hourly employees in the United States to $15 per hour from the current $10 per hour,… Read More ›
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Lenovo to Challenge Apple, Samsung with its Augmented Reality Smartphone – PHAB2 Pro
With the aim to augment its challenge to Apple and Samsung, the Chinese electronics giant Lenovo is banking on its joint venture with Google to launch a smartphone with augmented reality and a new handset from subsidiary Motorola with a… Read More ›
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Industry Claims 120,000 jobs Lost in North Sea Region due to Oil Downturn
The down turn in the global oil and gas industry ever since the oil prices started sliding in 2014 has seen nearly 8,000 jobs getting lost from the North Sea oil and gas industry in the UK while 120,000 roles… Read More ›
