The deal is likely to face strong headwinds in the U.S. Congress stemming from civilian deaths in Saudi Arabia’s campaigns in Yemen. According to sources familiar with the matter at hand, Saudi Arabia has agreed to purchase precision guided munition… Read More ›
Economy & Finance
Data falsification in Quality Assurance standards engulfs Mitsubishi Materials Corp
The latest QA related scandal revolves around Japan’s Mitsubishi Materials Corp’s O-Ring sealents which impacts the aircraft and aerospace and nuclear industries. In yet another instance of a quality assurance scandal, Japan’s Nikkei financial daily reported, citing multiple sources, that… Read More ›
Weak And Uncertain UK Economy Overshadows Thomas Cook Results
The annual results of travel global travel company Thomas Cook have been negatively impacted by the uncertainty and problems in the United Kingdom which is also the biggest market of the operator, even though the company was well on track… Read More ›
Closing In On Facebook And Amazon, Chinese Tech Giant Tencent Crosses The $500 Billion Valuation Mark
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 ›
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 ›