Waiting for the time when the U.K. leaves the European Union (EU), Ireland and Germany are all poised to step up to fill a void as leader of Europe’s fintech scene, according to the co-founder of a global venture capital… Read More ›
Economy & Finance
Microsoft, Intel, JPMorgan Chase and others join race to tap blockchain technology
The development underscores the latest push by large companies to move towards a distributed ledger systems. Two dozen companies which includes Microsoft, Intel Corp and JPMorgan Chase & Co have come together to create standards and technology which enterprises can… Read More ›
India Could Lose Growth Crown Thanks To Demonetization
When India reveals its growth figures for the October-December quarter, it could lose its title as the world’s fastest expanding major economy. While economists reckon that could be temporary, the release follows a demonetization-led cash crunch that hit India’s cash-heavy… Read More ›
CNBC Reports $3 Billion Investment In U.S. Startup WeWork by SoftBank Nearing Closure
In a step that is aimed at expanding its reach beyond the tech and telecom market segments, Japan’s SoftBank Group Corp is reportedly close to making an investment in U.S. office-sharing startup WeWork whose value is expected to be worth… Read More ›
Blockchain and securitization industry join forces to tap the $1.9 trillion U.S. securitization market
Wall Street’s structured finance companies want to use Blockchain’s immutable shared ledger to lower their cost of operations and thus boost their profitability. In efforts aimed at tapping the revolutionary benefits of blockchain technology for the fintech industry, Wall Street’s… Read More ›
SoftBank could potentially invest ~$4 billion in WeWork
WeWork continues to raise capital ahead of its planned listing. After this deal, the company will be valued at more than $20 billion. CNBC has reported today, that SoftBank Group Corp is all set to sink in $3 billion into… Read More ›
Debate Over Who’s Rich Before Czech Election, Debate Over Who’s Rich Ignited by Billionaire
By challenging the proposal on how to tax the rich before fall elections by Czech Prime Minister Bohuslav Sobotka, Czech billionaire Finance Minister Andrej Babis took aim against his governing partner. Cutting down of income tax for earners with monthly… Read More ›
With its New Phone Launch, the Flickering BlackBerry Flame Carried by TCL
With the Chinese smartphone maker TCL Communication introducing its first Blackberry-licensed phone with the physical keyboard that was long its key allure, fans of the pioneering email machine need not despair even though Blackberry Ltd may have exited the device… Read More ›
Saudi Arabia looking to diversify its economy through the Saudi Aramco IPO
Championed by Saudi’s Mohammed bin Salman, the Deputy Crown Prince, the world’s biggest IPO is expected to be valued to at least $2 trillion. Saudi Aramco has selected Morgan Stanley, JPMorgan Chase & Co and HSBC Holdings Plc as its… Read More ›
Andrew Olmem joins White House economic council
Although it is as yet unclear as to what post Olmem will take, the National Economic Council coordinates on economic policy matters across Trump’s Cabinet. Olmem, an attorney, was a leading staff negotiator who put together the Doff-Frank Act, which… Read More ›
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