Carillion’s collapse has angered lawmakers who called on the FRC to consider breaking up the “Big Four” accountants in order to increase competition and audit quality. On Tuesday, Britain, financial watchdog, the Financial Reporting Council (FRC) stated, it has opened… Read More ›
Economy & Finance
Market conditions likely to improve after Q4: Credit Suisse’s CEO
Things have got better since the beginning of 2019. Global financial markets face reduced stress with negotiations still being worked out in the U.S.-China trade war. On Tuesday, Tidjane Thiam, Credit Suisse’s Chief Executive said, he sees market conditions improving… Read More ›
Britain’s Jeremy Corbyn more appreciative of the merits for a new referendum
Does it always have to be May’s way or the highway? Britain’s economy lies in the balance. In a significant development, Britain’s opposition party leader Jeremy Corbyn has moved a step closer to paving the way for a second referendum… Read More ›
Britain’s competition authority likely to rule on Sainsbury’s-Asda $66 billion merger in early March
With Britain’s Competition and Markets Authority taking on a more active interventional approach in its latest ruling, the Sainsbury’s-Asda deal, which could create Britain’s biggest retailer, faces headwinds from multiple angles. Although Mike Coupe, Asda’s CEO was taped on camera… Read More ›
Japan has begun importing Iranian crude
Japan forms part of a list of countries that have been exempted from U.S. economic sanctions on Iran. Countries on this exemption list are allowed to import Iranian oil for another 180 days. On Monday, the governor of Iran’s central… Read More ›
Berkshire Hathaway Energy Co denies Financial Times report on lithium extraction
The Financial Time’s report had cited sources and a fund raising document, and stated, Berkshire Hathaway’s geothermal wells could produce up to 90,000 tonnes of lithium a year worth $1.5 billion at current prices. Berkshire Hathaway Energy Co, a unit… Read More ›
Crude oil prices rise touch 2019 peak
OPEC led prices cut along with the release of Chinese refinerery processing data in 2018, led to the peaking of crude oil. On Monday, oil prices recorded the highest peak following the release of data that showed China’s refinery processing… Read More ›
Investor Resolution Urging Amazon To Stop Selling Facial-Recognition Tech To The Government
Amazon is being urged by its investors to stop selling its facial-recognition software to government agencies because of concerns among them that such technology can be used to trample rights of people. A group of Amazon shareholders brought together a… Read More ›
Banning Huawei From 5G Network Construction Being Considered In Germany
If media reports are to be believes, Huawei could soon be banned from another Western market of significance – Germany. Recent reports state that the government in Germany is considering methods that it can use to prevent the Chinese tech… Read More ›
Report Claims Darknet Markets Saw Double Daily Bitcoin Transactions In 2018
According to a study conducted by data firm Chainalysis, during 2018, bitcoin was used as a mode of payment on the darknet market sites in double the amount that it was used a year earlier. The darknet is a place… Read More ›