According to the claims of an international panel, adequate review of the new automated safety system in Boeing’s 737 Max had not been done by the US Federal Aviation Administration (FAA). Too much oversight to Boeing was delegated by the… Read More ›
Economy & Finance
App Used By Protestors In Hong Kong To Track Police Movement Removed By Apple
Pro democracy protesters of Hong Kong will no longer be able to down load a real-time mapping app used by them for tracking police movements on iPhones. Apple said in a statement that there were complaints received by it from… Read More ›
SoftBank’s Masayoshi Son Considers Change In Investment Strategy For Vision Fund 2
According to reports, the investment strategy for investment for the Vision Fund of SoftBank is being contemplated to be changed by the Japanese investment company’s CEO Masayoshi Son and wants to focus more on companies that have established and very… Read More ›
China hoping for partial trade deal, respite from U.S. tariffs
It is important to note that concessions made by China are largely insignificant and non-systemic. U.S. demands that it stops the forcible transfer of U.S. technology to Chinese firms, stop industrial espionage, stop non-compliance of U.S. intellectual property rights, have… Read More ›
JPMorgan sees 50% possibility of a Brexit deal being struck by Britain and the EU
While earlier it had placed this likelihood at just 5%, following Boris Johnson’s upbeat meeting with his Irish counterpart Leo Varadkar, the bank has placed the likelihood of a deal at 50%. On Friday JPMorgan stated, it now expects Britain… Read More ›
Investors dump stocks midst “bearish paralysis” on Wall Street
Investor appetite for equities saw a low following growing global uncertainties. They have channeled $11.1 billion in the bond market as of Wednesday. On Friday, Bank of America Merrill Lynch disclosed, $11.1 billion flowed into the bond market in the… Read More ›
Pathway to Brexit deal sighted by negotiators
Both sides are cautious to not disturb the delicate balance that has been arrived at and have not disclosed the compromises, if any, that have been made. On Friday, just hours after British Prime Minister Boris Johnson and his Irish… Read More ›
U.S. venture capitalists set for record growth rate this year
Despite apprehensions of a corrections in venture capital funding, data from PitchBook Data Inc and National Venture Capital Association point to a bonanza year. According to a report that was released on Wednesday, U.S. venture capitalists are likely to sink… Read More ›
British Prime Minister Boris Johnson facing rebellion from cabinet member over no-deal Brexit
According to a report from The Times, a large number of conservative members of the ruling cabinet are likely to quit in case of a no-deal Brexit. On Wednesday, as per a report from the Times newspapers, British Prime Minister… Read More ›
U.S. Federal Reserves approves simpler ‘Volcker Rule’
The ‘Volcker Rule’ was created in the wake of the 2007-2009 financial crisis and barred banks from making profit-seeking trades with customer funds. In a significant development, the Federal Reserve stated, it has approved a final rule which simplifies the… Read More ›