In a paradigm shift, businesses are increasingly shifting from owning data centres to cloud computing, which is creating the basis for a new bull run. The combined revenues of Alphabet, Amazon and Microsoft have totaled to more than $100 billion… Read More ›
Economy & Finance
Fixed-line network is a strategic asset: Telecom Italia’s Chairman
While boosting the return of investment for stakeholder’s is important, it should not be at the cost of of dilution of a strategic asset. Other avenues will have to be sought on how to add new shareholders to Italy’s broadband… Read More ›
It’s Not Just An Automaker Now, Toyota Wants People To Know
Toyota Motor Corp. is a human movement company and this is what the Japanese car maker wants the world to know and wants to make it clear that it’s not only a car manufacturer. The attempt of the Japan’s largest… Read More ›
Investment Bank Predicts Investors Should Get Ready For A ‘Substantial’ Slowdown In The US Economy
The U.S. economy is expected to roll over as early as 2018, according to one investment bank and the bank is urging investors to prepare that roll over. “The US economy will in all likelihood slow down substantially: there is… Read More ›
There Are More Billionaires In Asia Than The U.S.
With billionaires in Asia leading the pack, the world’s wealthiest individuals are on a roll. UBS Group AG and PricewaterhouseCoopers said in a report issued Thursday that after a decline 2015, billionaire wealth increased 17 percent to $6 trillion in… Read More ›
Las Vegas Sands to spend $1.1 billion in Macau’s gambling hub
Just as Las Vegas Sands has brought France’s Eiffel tower to Macau, it now plans on building a London-themed attraction in Macau as well. Las Vegas Sands, owned by U.S. billionaire Sheldon Adelson, stated that it plans on spending $1.1… Read More ›
Hong Kong and Singapore link up their trade and finance platforms to blockchain technology
The project aims at harnessing the benefits of Distributed Ledger Technology (DLT), also known as blockchain, to better tap into the synergies of $2 trillion worth of transactions between the two nations. On Wednesday, the central banks of Hong Kong… Read More ›
The finer points of the Bombardier Airbus deal
Ever wondered why suddenly the Canadian government selected Airbus when it was actively courting greater economic ties with China following Trump’s threat of tearing apart and renegotiating NAFTA agreement? This makes an interesting read. According to five sources familiar with… Read More ›
U.S. Senate kills CFPB’s rule on arbitration and class action lawsuits
The rule disallowed a customer’s right to sue, individually or as a group, in the event of them becoming a customer of a financial company, including a bank; the banning of their rights is irrespective of any wrongdoing or misconduct… Read More ›
Despite Booming, Bitcoin Sees Big Money Stays Away From It
As the value of all cryptocurrencies has surged tenfold this year to more than $170 billion globally, bitcoin is booming and digital currency hedge funds are sprouting at the rate of two a week. Yet for all the hype, taking… Read More ›