Facebook is cracking down harder on fake accounts. In the first quarter of 2019, action taken by Facebook against suspected fake accounts was twice as much as it had done with such accounts in the fourth quarter of 2018, announced… Read More ›
Creativity
Countries who artificially undervalue currency could see hike in U.S. tariffs
Chinese exports to the United States could face additional hike in tariffs from this proposed new rule by the U.S. Commerce Department. In a significant development the U.S. Commerce Department stated it proposes to impose anti-subsidy duties on products from… Read More ›
$16 billion farm aid to help American farmers: U.S. agriculture secretary Sonny Perdue
The U.S. is making efforts to ease the pains of U.S. farmers, a key constituent who voted for Trump in 2016, including expanding export efforts to other markets other than China, including India, Thailand, Malaysia, the Philippines among other countries…. Read More ›
Thyssenkrupp’s board open to sale of its Elevator Technology business
Thyssenkrupp’s CEO Guido Kerkhoff prefers that its Elevator Technology business be listed on a stock exchange. According to two sources familiar with the matter at hand, Thyssenkrupp’s supervisory board has left provisions open for a potential sale of its elevator… Read More ›
Deutsche Bank ready for tough cutbacks at investment banking division: CEO
This is what Christian Sewing’s Deutsche Bank’s CEO told shareholders at the bank’s annual general meeting. On Thursday, Deutsche Bank’s chief executive Christian Sewing informed shareholders that he was ready to make “tough cutbacks” on its investment banking business…. Read More ›
Tanzania’s $10 billion China backed port facing strong headwinds over investment terms
According to Tanzania the conditions laid out by China for this infrastructure project are commercially unviable. Many economists say, China-backed infrastructure projects are a huge debt magnet and economically de-stabilises the economy of the host country. According to a senior… Read More ›
DuPont announces $2 billion share buyback program
The conglomerate is in the midst of a spin off which will see the creation of 3 separate companies – Dow Inc, Corteva and DuPont. In a statement DuPont said, it plans to announce a $2 billion share repurchase program… Read More ›
Bayer hires law firm Sidley Austin for investigating pan-Europe influence scheme by Monsanto
Bayer has its hands full due to U.S. class-action lawsuits revolving around Monsanto’s Roundup weed killer which has glyphosate which causes cancer. In a statement, Bayer AG said it has hired Sidley Austin, a law firm to investigate a Europe-wide… Read More ›
Trade War Induced Equities Slump Could See Bitcoin Rise 22pc 659 By Year-End
A survey of fintech specialists shows that by the end of the year, there would be an expected 22 per cent increase in the price of bitcoin compared to the current price. This would be driven by increased appeal for… Read More ›
UK Authority Says Scams Involving Cryptocurrency Tripled Last Year
The Financial Conduct Authority (FCA) of the United Kingdom data has shown that there has been a tripling of the number of investment scams related to crypto currencies such as bitcoin as well as in foreign currency trading. The FCA… Read More ›
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