Franklin Templeton has launched a new fund range in Luxembourg which provides local investors access to U.S. based fund managers. In a significant development, asset manager Franklin Templeton disclosed, following the launch of a new fund range in Luxembourg, it… Read More ›
Creativity
Britain’s accounting watchdog FRC examining Ernst and Young’s audit of Thomas Cook
The development signals a growing move by Britain’s financial watchdog to scrutinize audits conducted by the Big Four accounting firms. Following a collapse of travel giant Thomas Cook, Britain’s Financial Reporting Council has begun an investigation into the travel company’s… Read More ›
WPP appoints John Rogers as its Director of Finance
The appointment comes midst a string of profit warnings. WPP, the world’s biggest advertising agency, has appointed John Rogers, the CEO of retailer Sainsbury’s Argos as its new director of finance. Rogers will be taking over from outgoing Paul Richardson… Read More ›
‘Risk Of Further Attacks’ Forces Fitch To Downgrade Credit Rating Of Saudi Arabia
The latest geopolitical risks in the Gulf and Middle East and increasing concerns about the safety and security of the economic infrastructure of Saudi Arabia has forced major ratings agency to bring down a notch the generally strong credit rating… Read More ›
US-EU Trade Tensions Could Aggravate By Record US Tariff Award On Airbus By WTO
It is expected that the United States will be awarded a record allowance by global arbiters later this week which will allow the US to impose import tariffs on goods from Europe worth billions of dollars in connection to the… Read More ›
Responsibility For No-Deal Brexit To Fall In The UK, Says EU’s Juncker
Everything that is possible is being done by the European Union’s chief Brexit negotiator Michel Barnier and the European Commission President Jean-Claude Juncker but the responsibility of a no-deal Brexit would rest on the United Kingdom, said Juncker . The… Read More ›
Billions Lost In WeWork And Uber By Japan’s SoftBank
Japanese investment conglomerate SoftBank has been investing heavily through the $100 billion Vision Fund in the global tech industry and Silicon Valley, in companies such as Uber, Slack and WeWork. However following the IPO debacle of WeWork and the removal… Read More ›
Hydrogen Trucks To Be Tested By Hyundai In 2020 In Israel
A large scale experiment on development and practical use of hydrogen powered trucks would be conducted by South Korea’s biggest automaker Hyundai Motor in 2020 according to a report published by the business website Calcalist on Tuesday. While hydrogen as… Read More ›
Fall In Human Migration But Rise In Labor And Family Migration In 2018: OECD
There has been a slight increase in migration flow in 2018 into the OECD countries compared to 2017, claimed a new OECD report, and noted an increase in family and labor migration with a sharp decline in number of asylum… Read More ›
Largest Of The Global Firms Take Green Energy Vows
Amid increasing calls for addressing climate change all across the world, pledges for big investments on green energy have been made by a host of the largest companies of the world such as Amazon and Google. While Amazon has set… Read More ›