Experts are reacting to the unprecedented rise in cybercrime, to verify whether the promises of furthered security are on the level, in our current world where cash operations have yielded much of their place to e-wallet payments. Despite the appearance… Read More ›
Economy & Finance
Bayer gets Russia’s nod for its $66 billion acquisition of Monsanto
Bayer has already received approval from the EU, Australia, Brazil, China; Russia now adds to this list. In a development that aids Bayer’s $66 billion acquisition of Monsanto, it has now got approval from FAS, Russia’s antitrust regulator, for its… Read More ›
Wells Fargo readies to pay a $1 billion related to abuses from its lending business
Wells Fargo is readying to pay the fine as two U.S. regulators had found inconsistencies at its auto lending and mortgage business. As per a source familiar with the matter at hand, Wells Fargo & Co is likely to agree… Read More ›
U.S. Department of Treasury aiming to plug and strengthen CFIUS law
The strategic move by the Trump Administration is aimed at rationalizing the treatment of business investment in the United States. As per a senior Treasury official, the U.S. Department of the Treasury is weighing options to restrict investments by Chinese… Read More ›
IMF Announces India To Be The Sixth Largest Economy Of The World With GDP At $2.6 Trillion
The International Monetary Fund has officially declared India to be the world’s sixth largest economy as it displaced France with a narrow margin to gain the coveted position in the global economy. the United States, China, Japan, Germany and United… Read More ›
U.S. Commerce Department sets countervailing duties of up to 113% on Chinese common aluminum sheets
These are only the results of the preliminary enquiry, a final determination in the countervailing duty is to be announced on August 30 2018. In a significant development that adds to the growing numbers of reasons behind the Trump Administration’s… Read More ›
Thousands of jobs created as a result of green energy initiatives in Northeast U.S.: Study
Through the green initiatives, 9 U.S. Northeast States are reducing their carbon footprint and creating thousands of jobs in the clean energy market. As per the results of a study that was released on Tuesday, thousands of jobs have been… Read More ›
Elon Musk’s Boring Co raises $112.5 million in funding round
Boring Co is aiming to build underground tunnels for Elon Musk’s Hyperloop Project. Boring Co, Elon Musk’s startup which seeks to build underground tunnels for Musk’s hyperloop transportation project, stated it has raised $112.5 million in equity, 90% of which… Read More ›
ECB asks Deutsche Bank to calculate exit cost of its investment banking business
The move is aimed at gauging the risks of Deutsche Bank’s abrupt exit from its investment banking business. As per a source, Germany’s biggest lender, Deutsche Bank has been asked by the European Central Bank to calculate the potential costs… Read More ›
OECD Suggests Use Of Inheritance Tax For Reducing Wealth Inequality
The leading economic think tank of the Western world – the Organisation for Economic Cooperation and Development (OECD), is of the opinion that wealth inequality could be reduced by various governments with the use of the tax system with specific… Read More ›