The Australian government was criticized by Chinese smartphone maker Huawei alleging that it was being prevented from selling 5G products in Australia. National security was cited as the reasons for banning Shenzhen-based Huawei and its Chinese rival ZTE from tolling… Read More ›
Economy & Finance
Russia’s Answer To Tesla Is Kalashnikov’s CV-1 Electric Car
A Russian electric car made by manufacturing company Kalashnikov will give competition to Elon Musk’s Tesla Inc, claimed the manufacturer. A prototype of the new electric car – which eggshell-blue, was presented by the company which is behind the making… Read More ›
How The British Pound Could Be Hit A Second Time By Brexit
The British pound can be hit once against for a second time because of Brexit. According to analysts, if the United Kingdom has to leave the European Union next year without a proper Brexit deal, there can be severe pressure… Read More ›
Apple’s Budget iPhone Will Be A Boon For This Taiwan Company
Price is perhaps that biggest drawback of Apple’s iPhone X. Now a budget version that looks like the same phone is being prepared by the Silicon Valley giant. However, the cheaper version would not have the some of the notable… Read More ›
Warning Of Higher Costs In Case Of Hard Brexit Issued By UK Government
According to notices published Thursday by the United Kingdom government, some of the consequences that would have to be faced by the country in case of a failed Brexit include higher charges on international credit card payments, additional taxes on… Read More ›
Norway’s Commission differs from Central Bank’s advice on oil and gas strategy
The decision assumes significance on the account of the wealth fund being the world’s largest sovereign wealth fund and in a scenario with sustained low oil prices, it will result in a reduction in the government’s net cash flow from… Read More ›
Saudi Arabia’s PIF raises $11 billion in loans from banks
The development assumes significance because it essentially diversifies PIF’s sources of funds and it provides it with much needed financial muscles in its efforts to bring about Saudi Arabia’s Vision 2030 plan, which aims to diversify the Kingdom’s markets and… Read More ›
Why Taipei Was Chosen By Amazon For Its Latest Innovation Center
Amazon has opened one innovation center in Busan in South Korea in 2016 and two regional ones in China. On August 10, the US retailing giant announced to open the latest one on eth suburbs of Taipei. The innovation centers… Read More ›
Beer And Wine Industry In US Being Challenged By The Legal Marijuana Market
According to a new report in Business insider, there is a boom currently7 in the legal marijuana market in the U.S. – so much so that it is fast catching up with the market for beer and wine. “The legal… Read More ›
Copenhagen Cooperative Bank suspected to be in violation of Denmark’s money laundering act: Denmark’s Financial Supervisory Authority
The FSA stated it has directed the country’s prosecutors to investigate whether the small bank complied with the country’s money laundering act. On Thursday, Denmark’s financial watchdog stated it has directed the state prosecutor to investigate Copenhagen Cooperative Bank for… Read More ›