Judge Robert Jay told the entire jury that their services are no longer required. In a landmark case revolving around fraudulent transactions perpetuated by four former Barclays executives who had been accused of paying Qatar undisclosed fees to help rescue… Read More ›
Economy & Finance
UK Businesses Monitor Staff Activity Using Artificial Intelligence
Scrutiny of the behaviour of employees minute-to-minute is being done by dozens of UK business owners with the help of artificial intelligence. This is being done by analysis of data about who emails whom and when, who meets whom and… Read More ›
US Beer Brand Performance Drives Constellation To Neat Market Forecast
Despite a rapid change in customer tastes in alcoholic drinks in the United States market, Constellation Brands said that it managed to beats the expectations of Wall Street in its fiscal fourth-quarter because of strong sale of beer. The bit… Read More ›
U.N. Agency To Create New Measures To Curb Fraudulent Shipping Practices
There has been a rise in incidents of rogue shipping companies attempting to conceal their activities by fraudulently making use of flag registries. To combat this, tougher measures to clamp down on this trend is being worked upon by the… Read More ›
Saudi Arabia raises prospects of ditching USD to stop NOPEC bill
If Saudi Arabia were to in fact go ahead with the move it would have significant geo-economic and geo-strategic changes. Riyadh depends on the United States militarily to defend itself against arch rival Iran. In a significant development, Saudi Arabia… Read More ›
Cliffhanger Brexit will have deep impact for select sectors: WTO’s Director-General
The British parliament’s decision on April 12 will be is a milestone that Brexit watchers will be looking at very keenly. According to Roberto Azevedo, Director-General of the World Trade Organisation (WTO), if the United Kingdom were to leave the… Read More ›
IMF Research Says $1 Trillion Can Be Saved By Government By Reducing Corruption
The International Monetary Fund (IMF) believes that there can be big economic awards for governments across the globe if they are able to crack down on corruption in their countries. This comment was made by the IMF following a new… Read More ›
UniCredit preparing to bid for Commerzbank AG
UniCredit’s bid for Commerzbank AG is despite the fact that the latter is negotiating merger talks with Deutsche Bank. UniCredit aims to merger Commerzbank with its HypoVereinsbank. On Thursday, as per a report by the Financial Times, UniCredit SpA is… Read More ›
Deutsche Bank and Commerzbank merger talks in limbo
According to two sources with knowledge of the matter at hand, “As of today there is definitely no date when a decision will be taken on whether the discussions will proceed.” According to two sources familiar with the matter at… Read More ›
UK Lawmakers call for breaking up KPMG, EY, PwC and Deloitte
Calls for breaking up the big four accounting firms are on the rise following audit failures at Carillion and retailer BHS. In a first such intervention, with the role played by accounting firm KPMG in the collapse of construction company… Read More ›