Tencent became the first Asian company t hit a valuation of more than $500 billion as it hit a record high earlier in the week. Closing in on the tech firms like Facebook and Amazon in terms of market valuation,… Read More ›
Economy & Finance
CRC set to buy Banca Carige’s consumer credit business
Banca Carige has to decide the matter by tomorrow and close the sale by December 6. On Wednesday, as per a source familiar with the matter at hand, Christofferson Robb & Company (CRC), a U.S. hedge fund, has presented an… Read More ›
The International Trade Commission recommends imposing steep import duties on LG and Samsung washing machines
The development is likely to trigger more investment from the duo, in the form of opening factories in the state, which is likely to create more jobs and funnel in more investment, as a way to mitigate this order. … Read More ›
Hacking Of $31 Million Cryptocurrency Peer Tether Results In Fall In Bitcoin
Just a day after hitting an all-time record and passing the $8000 mark, a $31 million theft of a cryptocurrency peer saw the cryptocurrency slip down from the record value as fears about the security of the virtual currency resurfaced… Read More ›
h In The UK Touches It Highest Level Since 1988
Even though uncertainty over Brexit and the negotiations over the U.K.’s exit from the EU has hold back investments from the industry, the weak pound has assisted in driving up export demands which has led to the growth of in… Read More ›
Low Pay And Tough Conditions At Work Faced By Foreign Workers Lured To Australia
A recent survey in Australia found out that chronic underpayment by their employers was being faced by thousands of temporary foreign workers in Australia. The study results underscore the popular belief and the growing evidence that Australia is a place… Read More ›
UK Christmas Sale Predicted To Be Down As Households Reported To Feel The Pinch
The spending by Britons on the occasion of Christmas would fall for the first time in real terms in about five years since 2012, estimated credit card firm Visa and a survey by data firm IHS Markit showed on Monday… Read More ›
Broadcom intends to make significant changes in Qualcomm’s patent licensing system
Qualcomm’s patent licensing system is the root cause of much dispute. By targeting changes in it, Broadcom can win over antitrust regulators and Apple. In a development pregnant with possibilities, a source familiar with the matter at hand has stated,… Read More ›
Italy’s Enel plans strategic shift to more mature markets
The utility giant is eyeing the expansion of its footprint in the U.S., Spain and Italy. In a development that underscores Italy’s biggest utility Enel pushing strategically to make its network more digital, the firm has disclosed that it plans… Read More ›
Not much progress expected during fifth round of NAFTA talks
Despite the general lack of progress, the 2018 Mexican election promises to instill some fire into the negotiations. On Tuesday, negotiators from Canada, Mexico and the U.S., completed their fifth round of negotiations aimed at reworking the North American Free… Read More ›
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