A survey conducted by public relations firm Edelman just prior to the gathering of the politicians and business tycoons of the world in the Swiss ski resort of Davos has revealed that there is a loss of confidence in capitalism… Read More ›
Creativity
Britain’s TalkTalk sells fiber optic network to CityFibre for $260 million
On Tuesday, British broadband supplier TalkTalk stated, it has agreed to sell its fiber network to CityFibre for $260 million (200 million pounds). TalkTalk said it had agreed to a wholesale agreement with Goldman Sachs-backed CityFibre for its residential and… Read More ›
Uber sells Uber Eats India to Zomato in exchange for 9.99% stake in Zomato
Uber has sold its online food ordering business in India to Ant Financial-backed Zomato in exchange for a 9.99% stake in Zomato. The deal essentially limits its exposure to the Indian market where it has struggled to grow. The all-stock… Read More ›
Chinese strategy of wearing down opponent with prolonged negotiations not working, EU won’t meet China halfway in investment talks: EU Trade Chief
During a press conference held by business lobby group BusinessEurope, EU trade chief Phil Hogan made it amply clear that the European Union wants China to protect foreign investment and increase access to its investment market in 2020. The EU… Read More ›
Chips And Electric Car Batteries Should Be Made In Europe, Says Angela Merkel
Member countries of the European Union need to enhance their technological abilities and aggressively push for development in the areas such as manufacturing of catteries for electric cars and in cloud computing – believes the German Chancellor Angela Merkel. in… Read More ›
U.S., South Korea and Japan eyeing investments near South China Sea
South Korea, Japan and the United States are keen to invest in Indonesia’s Natuna Islands with Indonesian President Joko Widodo stepping up efforts to rebuff foreign claims over the resource-rich waters in the South China Sea. In a statement, Indonesia’s… Read More ›
China to roll out more fiscal support measures with economy facing pressures: China’s head of the National Bureau of Statistics
On Friday, China’s chief of statistics bureau stated, Beijing will maintain a proactive fiscal policy and a prudent monetary policy in 2020 and will roll out support measures since its economy faces downward pressures. During a press conference in Beijing,… Read More ›
Scientists Confirm 2019 To Be The Second Warmest Year On Record
While the last decade – 2010 to 2019 was the hottest decade in recorded history, 2019 was identified as the second-hottest year ever in human history or since records are being kept, claimed researchers. This showed the impact that global… Read More ›
British Electric Vehicle Startup To Receive $112 Million Investment From Hyundai And Kia
Investments of more than $110 million by Korean auto giants Hyundai and Kia has propelled the British electric vehicles making startup Arrival to become the most valuable startup of Britain. A spokesperson for the company said that Arrival was valued… Read More ›
Financial sector optimistic on U.S.-China Phase 1 trade deal
Under the recent Phase 1 U.S.-China trade deal, China has agreed to expedite by nine months a previous December 2020 deadline for removing foreign ownership caps on securities firms, which includes investment banking, underwriting and brokerage operations. The Phase 1… Read More ›
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