In what is one of the lowest that bitcoin has achieved since touching near $20,000 levels in value last year, the virtual currency traded at $6,617 on Friday – the beginning of a long Easter week end. This value is… Read More ›
Economy & Finance
Walmart Inc takes the fight to Amazon.com Inc: explores close ties with health insurer, Humana Inc
If a deal was to materialize, Walmart will have to navigate the complex U.S. healthcare industry while meeting the challenges of a rapidly changing retail market. As per sources familiar with the matter at hand, Walmart Inc, the world’s… Read More ›
U.S. District Judge Valerie Caproni dismisses Exxon Mobil Corp’s lawsuit against NY and Massachusetts
In an interesting turn of events U.S. District Judge Valerie Caproni dismissed Exxon Mobil Corp’s lawsuit against the Attorney General of NY and Massachusetts on the grounds of Exxon’s arguments being “implausible”. In a setback to U.S oil giant Exxon… Read More ›
Facebook’s Latest Privacy Move, Keeping Distance From Data Brokers
All of the third-party companies that collect data from Facebook are being pushed away by the social media company through limited dealings with them. As tool that allows advertisers to target Facebook users with the usage of data garnered from… Read More ›
Record Welfare Costs & Rise In Military Spending Sees Record-High FY 2018 Budget For Japan
The Japanese government enhanced budgetary allocations to record levels in social security costs and military spending in its fiscal budget for 2018 which comprised a total budget of 97.71 trillion yen (926 billion U.S. dollars) and passed by the country’s… Read More ›
iQiyi priced its U.S. IPO at $18 per share: source
iQiyi, China’s equivalent to Netflix, will be listed on the Nasdaq on Thursday under the symbol IQ. Unlike its U.S. peer, the video streaming platform has a low subscriber base and generates additional revenues from syndication, online marketing and gaming…. Read More ›
Britain’s Treasury Committee begins investigation into the fantastic sums of money that is being invested in Britain
Under new laws Britain’s Treasury Committee can order the siezure of assets if their owner(s) are unable to explain the source(s) of their funds; providing misleading statements could result in fines or up to two years in the cooler. Following… Read More ›
SoftBank’s Vision Fund’s venture in Saudi Arabia to create world’s biggest solar producing company
Although Saudi Arabia is one of the world’s sunniest countries, its solar power footprint is minuscule. This project, to a big extent, diversifies it economy, greenifies and balances its power generation industry which traditionally has been largely oil-fired power. As… Read More ›
Chinese steel industry to cooperate with EU probe on imported steel
Faced with two fronts, the China’s steel industry perhaps could be persuaded to adequately alter its production and trading policy. The imposition of EU tariffs on Chinese steel could complicate matters if not significantly alter the face of the industry…. Read More ›
U.S. wants access to Chinese markets, stop theft of intellectual property
With China’s trade surplus with the United States at $375 billion, it clearly has much to lose. The Trump Administration has demanded that China cut this surplus by at least $100 billion. As per a source familiar with the discussions… Read More ›
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