SoftBank aims to buy bonds that can be later converted into Wirecard shares. As per a report from Bloomberg citing sources familiar with the matter at hand as saying, the SoftBank Group Corp is looking to acquire a 5% stake… Read More ›
Economy & Finance
Fake News And Privacy Scandals Could See A Drop In Facebook Profits In Q1
A slew of issues and scandals related to privacy breaches and fake news, many are expecting the largest social media company in the world Facebook to report a rare drop in its profits later in the week. According to the… Read More ›
US Vegan Meat-Maker Beyond Meat To Launch IPO, Wants Valuation Of $1bn
The US plant-based meat manufacturer Beyond Meat could be valued at over $1bn as it seeks to raise money for expansion in its launch of its initial public offering (IPO). It is expected that the company would offer 8.75 million… Read More ›
South Korea’s Asiana Airlines get support from creditors worth $1.4 billion
The development will alleviate short term liquidity problems for the airlines. Long term issues however will need to be dealt with. Asiana has taken on considerable debt. On Tuesday, South Korea’s finance minister Hong Nam-ki stated, South Korean creditors plan… Read More ›
Over 900 British Pubs Disappeared In 2018 Due To Crippling Costs
The annual review report by the real estate data company Altus Group has revealed that last year, more than 900 pubs disappeared from Britain because of increase in business rates and intense cost pressures. According to the report, a total… Read More ›
CIA claim of declare Huawei getting funds from PLA is malicious: Chinese Newspaper
The manner in which China’s Huawei Technologies is managed and operated is not known to US authorities and the allegations that this tech giant from China received funds from Chinese security agencies are groundless and morally malicious, said a report… Read More ›
Shrinking global tech demand drags down Taiwan’s economy
The rollout of 5G in many countries along with newer upgraded models of smartphones could spur exports orders for the island nation. On Monday, data from Taiwan’s Ministry of Economic Affairs showed, its export orders fell for the fifth straight… Read More ›
U.S. to further choke Iran’s oil exports
The shortfall in the global oil pool as a result of this potential fall in supply from Iran, is likely to be met by increased production from Saudi Arabia. On Monday, oil prices surged to $74 a barrel, their highest… Read More ›
Japan’s biggest bank Mitsubishi UFJ Financial Group Inc to absorb $890 million charge
Despite the hit, Mitsubishi UFJ Financial Group Inc (MUFG) has continued to forecast a net profit. On Monday, As per a report from the Nikkei, Japan’s MUFG is set to book a charge of around $893.34 million (100 billion yen)… Read More ›
Irish border will significantly impact future trade deals: Democratic Congressman Richard Neal
How will Theresa May keep EU-member Ireland’s border with Northern Ireland open after Brexit without any physical infrastructure on the border between Northern Ireland and Ireland? This question is proving to be the most excruciating issue in Britain’s sour grapes… Read More ›
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