Will provide further details as soon as they are available. In an interview to Al Arabiya TV, Ahmed al-Kholifey, the Governor of Saudi Arabian Monetary Authority (SAMA) stated, the Kingdom’s central bank is reviewing license requests for two new Saudi… Read More ›
Creativity
New Electric Vehicles Must Emit Noise For Safety Reasons, New EU Directive
A new European Union regulations that is set to be implemented from Monday, there has to be a device that would emit sounds in all of the new electric vehicles. This directive has been adopted by the EU after there… Read More ›
Facebook’s Digital Currency Libra Likely To Face Strict Regulatory Scrutiny
While there are high hopes that Libra – the planned crypto currency of social media giant Facebook set to be launched in 2020, would be recognized globally as a legal tender within a year, there are many analysts who believe… Read More ›
EU Ministers To Participate In Cyber War Games To Prepare For Cyber Threat Form Russia And China
Following a number of incidents of cyber hacking from by elements in Russia and China that have caused an obvious alarm among European governments, the European Union now wants to respond to them and is will conduct a war games… Read More ›
Carlos Ghosn cancels news conference following concerns raised by his daughters
Although Ghosn’s lawyers did not specify the reasons for cancelling the news conference, earlier in April he had been rearrested after scheduling a news conference. On Friday, lawyers of Carlos Ghosn, the former Chairman of the Renault-Nissan alliance stated, he… Read More ›
Hong Kong steadily losing wealth to Singapore
The steady stream of wealth that is being moved out of Hong Kong to Singapore is due to China’s aggressive posturing on the former British isle. According to sources familiar with the matter at hands, many foreign wealth managers are… Read More ›
China’s Dajia Insurance Group to take over the assets of Anbang Insurance Group
Dajia Insurance Group has a registered capital of $2.97 billion. According to a Chinese government document, Beijing has formed a new company called Dajia Insurance Group in order to take over the assets of Anbang Insurance Group. According to a… Read More ›
Real-Time Payments For EU Banks To Speed Up Due To Competition From Facebook And The Likes
According to officials of the finance industry, by 2020, there can be in place a an instant payments system shared by all banks in the euro zone. This would be driven by greater competition being faced by banks from services… Read More ›
Huawei Technologies loses trade secret lawsuit against CNEX Labs Inc
According to Paul Shere, CNEX’s spokesman, Huawei’s lawsuit was an effort to acquire “CNEX’s advanced semiconductor technology” through a court action. In a setback to China’s Huawei, a A U.S. has cleared semiconductor designer CNEX Labs Inc of stealing trade… Read More ›
Peter Hochholdinger, VP of production leaves Tesla
Tesla’s car production is an intensive environment, only the very tough who can meet demanding deadlines can thrive. According to news website, Electrek, Peter Hochholdinger, Tesla Inc’s vice president of production at its Fremont factory, has left the company. The… Read More ›