The sovereign wealth fund is in the process of diversifying its portfolio into the US and Asia. As per the CEO of one of the Gulf’s most acquisitive sovereign wealth fund, the Qatar Investment Authority, the company is setting down… Read More ›
Creativity
Viacom’s shares have the potential to rise by 40% by next year: Barron’s
Currently the Viacom’s shares are trading at $43 per share, down by 39% over the last two years. Barron’s has predicted that Viacom’s shares could appreciate by as much as 40% by next year with its new CEO, Bob Bakish,… Read More ›
Uber discontinues the usage of self-driving cars in its fleet after accident
Uber is withdrawing from the driverless car project, pending the results of an investigation into the accident. Uber is playing it safe. With one of Uber’s autonomous vehicle crashing on a roadway in Arizona, the ride-hailing company has suspended its… Read More ›
British manufacturers to brunt of a hard Brexit
The British manufacturing industry along with its financial and banking sector is likely to bear the brunt of a hard Brexit strategy. Today, British manufacturers have told Prime Minister Theresa May, it would be prudent to drop the threat of… Read More ›
Pwc Study Says At Risk Of Being Replaced By Robots Are Millions Of UK Workers
As the automation of routine tasks gathers pace in a new machine age, more than 10 million UK workers are at high risk of being replaced by robots within 15 years, suggests a new report. Due to breakthroughs in artificial… Read More ›
Fund managers migrating funds to emerging markets midst U.S. interest rate hikes
Emerging economies are seen as having a better economy and ability to pay, thus the migration in funds. Thanks to the rise of short term interest rates in the U.S, bond fund managers are increasingly migrating towards debt markets in… Read More ›
Amazon wins $1.5 billion tax case with IRS, negatively skews its domestic and European tax profile
With the judgement of the case being delivered less than a week before the end of the coming financial year, its tax profiles could be significantly affected. In a significant win for Amazon.com Inc, the world’s biggest online retailer has… Read More ›
Twitter exploring subscription revenue model
Twitter could push a subscription model for its Tweetdeck interface for professionals. Twitter Inc is deliberating whether it to build a version of its Tweetdeck interfaced aimed at professionals, thus raising the possibility of collecting subscription fees for its services…. Read More ›
U.S. infrastructure stocks slide after weaknesses appear in Trump trade
After the November 8 U.S. elections, the U.S. stock market witnessed a bull run pumped up by Trump’s pro infrastructure promises. But with the Republicans not managing to repeal the Affordable Healthcare Act despite their majority, the shares of infrastructure… Read More ›
ZTE pleads guilty to violating U.S. sanctions
The Chinese company had made elaborate plans to hide its illegal activities. Only after the U.S. Department of Commerce threatened to cut off its global supply chain having presented ZTE evidence of its illegal activities did the company agree to… Read More ›
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