Significantly, its Tier 1 capital ratio is also impacted by the overhaul. British lending giant Barclays disclosed that it expects to write-down nearly $1.34 billion (1 billion pounds) from its annual post-tax profit as a result of the U.S. tax… Read More ›
China is transforming into a society that is not only one that own pets but also one that is willing to spend lavishly on them. According to experts, a massive move to urbanization, the growth of the middle class and… Read More ›
Chinese IT giant Xiaomi has bene pitched by investors with offers of taking it public earlier this month according to a report by the Wall Street Journal, citing sources. Reports say that the company was valued at over $100 billion… Read More ›
There is a rush among startups to develop platforms that offer artificial intelligence (AI) and create targeted and niche solutions that are able to address the firm specific problems. This is indicative that the market for AI is being now… Read More ›
The number of places where people can have a drink in the U.K. have not reduced despite the market conditions getting tough due to the emergence of casual dining offsetting of the closures of pubs. Compared to a year earlier,… Read More ›
Partner countries of China’s inter-continental Belt and Road Network would be deprived of their valuable natural resources and there is threat that they would be “shackled” by the project, if one of the critics of the project is to be… Read More ›
The latest U.N sanctions are expected to have a crippling effect on North Korea’s economy. In November, according to business data China’s trade with North Korea edged up to $388 million, its lowest levels this year. Tough U.N. sanctions are… Read More ›
The development is in line with U.S. President Donald Trump’s strategy of boosting the sale of U.S. weapons exports to friendly countries. On Friday, the Pentagon stated, Boeing Co has been awarded a $6.2 billion contract for 36 F-15 fighter… Read More ›
Banknotes are regularly threatened to disappear from our economies, under the pressure of banking and credit card industries, governments economic policies and social trends. But once cash yields to more “modern” payment systems, it seems it is sorely missed, enough… Read More ›
Chubb Ltd is one insurer among at least three companies that are facing increase in costs related to claims from ransomware attacks. The company mainly serves wealthy families and corporations. And the rising value of bitcoin has been blamed by… Read More ›
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