The United States based leading cloud-based software company Salesforce reported a 35 per cent growth in its quarterly revenues for the fourth quarter of last year at $4.85 billion. Revenue from sale for the customer relationship management service provider was… Read More ›
Economy & Finance
Virus Outbreak In China Could Impact Indian Drugmakers Which Can Impact Globally
The coronavirus outbreak in China could cause a potential disruption for drug makers in India and experts say that if that happens, the impact well be felt globally. The virus outbreak in China threatens to disrupt the supply of raw… Read More ›
Moody’s Slashes Its Forecast For Global Vehicles Sale For 2020 Due To Coronavirus
Even as a number of global car makers have issued warnings of profit for the current year being hit because of the coronavirus outbreak in China and elsewhere, its global vehicle sales forecast for the current year has also been… Read More ›
Equivalence for financial services not part of Brexit negotiations: EU
In a statement, the European Commission stated, Brexit negotiations with Britain will not include British financial firms gaining access to the EU market. The clarification comes in the wake of Britain stating it wants a “legally binding” framework to access… Read More ›
EU mulling measures to support sectors adversely hit by coronavirus: EU Commissioner
On Thursday, the European Union commissioner stated, the bloc was weighing options which includes measures to support those sectors which have been adversely hit by China’s coronavirus; it would however need more time to assess its precise economic impact. “It… Read More ›
Bank of America slashes global economic growth to lowest since 2009 financial crisis
On Thursday, Bank of America cut its world growth forecast to the lowest level since the peak of the global financial crisis in 2009. “We have cut our 2020 global growth forecast to 2.8% (from 3.2%). This would be the… Read More ›
Facebook Users Want To Be Paid $8.44 A Month For Selling Users’ Bank Balance, Finds A Study
A study that was conducted to ascertain the value that people in various countries attach to their personal information has shown that Facebook users of Germany would want the social media company to pay them about $8 per month against… Read More ›
Blackstone to acquire British student housing group iQ for $6 billion
In a statement, Goldman Sachs’ merchant banking unit and Wellcome Trust, a medical charity, stated they have agreed to sell iQ, a British student accommodation company to Blackstone for $6.06 billion (4.66 billion pounds). Outside of North America, Britain is… Read More ›
Trump-Modi agree to promptly conclude U.S.-India trade deal: White House
In a statement, the White House said, U.S. President Donald Trump and his counterpart Indian Prime Minister Narendra Modi have agreed to “promptly” conclude ongoing trade talks which they hope can lead to the first phase of a bilateral U.S.-India… Read More ›
JPMorgan Chase & Co to unveil climate initiatives at Investors Day today
On Tuesday, executives from JPMorgan Chase & Co plan on announcing new climate-change initiatives, which includes restrictions on drilling in the artic and financing coal mining projects along with a $200 billion target to provide financing for sustainable projects. JPMorgan… Read More ›