In recent years, there has bene a manifold increase in the price of cobalt and this has prompted one company to seek out the metal from used mobile phones. Cobalt is being planned to be recycled in this manner by… Read More ›
Economy & Finance
SEC questions Credit Suisse on the closure of its VelocityShares product
Along with the SEC, Switzerland’s Financial Market Supervisory Authority has also stated it is in contact with Credit Suisse regarding the closure of its product. On Tuesday, a report by the Wall Street Journal stated that the U.S Securities and… Read More ›
Australian mining giant BHP Billiton to take a 1 time $1.8 billion tax hit in the U.S.
The one-time tax hit is because of changes made to the U.S. tax code. On Tuesday, Australian mining giant BHP Billiton stated it will incur a $1.8 billion income tax hit due to changes in the income tax rate for… Read More ›
“Anonymous whistleblower” alleges fixing of Wall Street’s Volatility Index
The whistleblower who claims to have held senior roles in the investment sector, has approached the SEC through a law firm. A Washington-based law firm, representing an “anonymous whistleblower” told U.S. financial regulators that they should investigate a scheme that… Read More ›
Aldi And Lidl To Be Challenged By Tesco’s Planned Discount Chain: Reports
If media reports are to be believed, plans for the development of a new discount grocery chain for countering the low prices grocers Aldi and Lidl is being secretly prepared by Tesco – the largest supermarket group in the United… Read More ›
The World’s Biggest Human Migration In China Is Being Transformed By Bullet Trains
The Lunar New year Holiday means cramped trains for millions of Chinese trying to get back home. But that situation is being changed by the advent of high speed railways in the country. China has embarked on a plan to… Read More ›
Australia’s Royal Commission begins inquiry alleged wrong-doings in the country’s financial sector
Allegations of widespread wrong-doings have plagued Australia’s finance sector since many years, adding pressure on the industry to undergo a thorough root-and branch reform. On Monday, the head of the government-backed inquiry which is delving into Australia’s finance sector to… Read More ›
2018 To See Retail Industry Growth Between 3.8 And 4.4 Percent According To Forecast Of NRF
There is an anticipated growth of anywhere between 3.8 and 4.4 percent in 2018 compared to 2017 in retail industry sales in the U.S., according to an economic forecast by the National Retail Federation. There is an anticipated increase of… Read More ›
Tesco CEO Elon Musk Earned Less Than The Average American Household Last Year
Despite being among the richest people in the world and he is also amongst the lowest paid of the global CEOs – and the difference in payments is also very substantial. Tesla has announced that the salary paid to Musk… Read More ›
British Biotech And Life Sciences Firms To Get US$1.3b In Chinese Investment Following May’s China Visit
Two venture capital firms in Britain got investment commitments worth 8 billion yuan (US$1.3 billion) from investors in mainland China in the week following the visit of British Prime Minister Teresa May. This is reflective of the enhanced interest of… Read More ›
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