According to government data from Israel, exports, a key economic growth driver, are expected to grow to a record $114 billion in 2019, up from $109 billion in 2018. According to a statement from Israel’s Central Bureau and Statistics and… Read More ›
Economy & Finance
French luxury goods group LVMH acquires Tiffany & Co for $16.2 billion
On Monday, French luxury goods group LVMH disclosed it has arrived at an all-cash deal worth $16.2 billion to acquire U.S. jewelry chain Tiffany & Co. LVMH will be paying $135 per share for every share of Tiffany & Co…. Read More ›
Billionaires Lost $388 Billion In 2018 After 5 Years Of Growth
A new report from the Swiss bank UBS and auditing firm PwC shows that in 2018, there was a 4.3 per cent or $388 billion drop in the collective wealth of the billionaires of the world after increasing for straight… Read More ›
Swiss drugmaker Novartis AG close to acquiring U.S. biotechnology firm The Medicines Co for around $7 billion
According to a report from the Wall Street Journal, Swiss drugmaker Novartis AG is close to clinching an agreement to acquire U.S. biotechnology firm The Medicines Co for around $7 billion. In the potential deal, Novartis has agreed to pay… Read More ›
OECD Warns Drop In UK Growth To 1% In Case Of No-Deal Brexit
According to the estimates of the Organisation for Economic Development and Cooperation (OECD), is there is a no-deal Brexit, the economic growth and the growth in the GFP of the United Kingdom will drop to 1 per cent for next… Read More ›
Political Leanings, Voter Data Will Not Be Allowed To Be Used By Google For Political Ads
Taking a stand on political advertisements which was midway between Facebook and Twitter, Alphabet Inc’s Google said in a blog post on Wednesday that the ability of political advertisers to target ads for elections with the help of data such… Read More ›
Carousell close to becoming a unicorn
Singapore’s online classifieds company Carousell merges with Norway’s Telenor in a deal valued at more than $850 million. On Thursday, in a statement, Singapore’s Carousell, an online classifieds company stated, it has agreed to a proposal to merge with a… Read More ›
China not stepping up in trade negotiations: Trump
In a warning shot, U.S. President Donald Trump sent a clear message to China when he said, a U.S.-China trade deal is still elusive because Beijing still thinks it can get away with stealing U.S. intellectual property and is not… Read More ›
Target’s Same-Day Option Usage By Online Customers Saves 90% Costs, Says CEO
The strategy of the company to invest in services that makes as easy as possible for customers to purchase its products online and get delivery on the same day of Target apparently is paying off as its business is booming…. Read More ›
Paris Climate Accord Targets Threatened By China’s Coal Surge, Says New Report
China has increased its output from coal-based electricity plants over the last 18 months to power an additional 31 million homes even as the rest of the world is cutting down on the usage of coal as a source of… Read More ›