The global gambling industry’s focus is now on Japan where its potential is skyhigh. Among the forerunning in the race to win gambling licenses are U.S. operators MGM Resorts International and Las Vegas Sands Corp. Melco Resorts & Entertainment Ltd… Read More ›
Economy & Finance
Western Digital Corp to settle legal dispute surrounding its $18 billion sale of its flash memory unit to a Bain Capital led consortium
While this will bring much needed closure to the case, Toshiba can now allocate more resources to its other disputes including the potential delisting of its stock from the Tokyo Exchange. According to a Bloomberg report, Western Digital Corp and… Read More ›
Gradual Growth In Rate Hike Reiterated By US Fed Chair Yellen
The US Federal Reserve expects that there would be continued strength in the country’s economy and job market and this has led Fed Chair Janet Yellen to conclude that the this is the appropriate time for the US central bank… Read More ›
Sanofi Says Only Those People Earlier Infected By The Dengue Virus Can Be Helped By Its Vaccine
The ambitions of the dengue vaccine from Sanofi was brought a notch down after the company declared that the vaccine would only effective for those people who had earlier been infected by the disease. This has further dented the high… Read More ›
Thanksgiving Holiday Sees More Than Expected American Shoppers, All Sale Channels Exploited: Survey
The number of Americans who stepped out or stepped onto their mobile devices for shopping this holiday season – from Thanksgiving Day to Cyber Monday, topped the estimates by the National Retail Federation (NRF) and Prosper Insights and Analytics. Data… Read More ›
Rare Aggressive Tactic Used By The US To Launch Anti-Dumping Cases Against Chinese Aluminum Producers
For the first time in 20 years, anti-dumping duty and countervailing duty cases against China have been self-initiated by the U.S. Commerce department which has used its discretionary powers to do so. Imports worth $600 million of common alloy aluminum… Read More ›
Nestle deepens its investments in Cuba, lays foundation for $55 million coffee and biscuit factory
Being Nestle third joint venture, this new factory has the potential to double Nestle current turnover of $135 million in the near term. In a significant development, Nestle laid the foundation stone for a $55 million coffee and biscuits factory… Read More ›
Airbus, Rolls-Royce And Siemens Team Up For Development Of Tesla-Style Electric Passenger Planes
After hybrid-electric motor-powered trucks by Tesla has caught the fancy of the alternative auto seekers, now that feat is being attempted to be replicated in the air. Attempts of creating a passenger plane that would be powered by a hybrid-electric… Read More ›
UK Needs To Safeguard Its Gas Interests Related To Norway In Brexit Talks To Ensure Continuous Gas Supplies
Norway wants to be included in the Brexit process but says that the U.K. and the EU needs to decide how to include it in the process. The Norway wants that its access to the U.K market should not be… Read More ›
Investors increasingly gravitating towards crypto-currencies
Although the issuance of initial coin offerings (ICO) have under regulatory scrutiny in the U.S, investors are expertly straddling borders with ease and are flocking to offshore destinations to raise millions in a matter of minutes. Interestingly, investors who are… Read More ›