Beijing is stating rather bluntly that resetting ties with Taiwan has an economic cost attached. In a tit-for-tat move, Beijing’s China Daily newspaper has quoted a senior state planning official as saying the country will soon slap a penalty on… Read More ›
Economy & Finance
Google makes in-roads in Cuba
In a move that has geo-economic and geo-political implications, the parent of search engine giant Google Inc. has expanded its footprint in the Americas by signing a deal with the Cuban government which allows improved internet access to Cuban citizens… Read More ›
Qatar sovereign fund to invest $10 billion in U.S. infrastructure projects
It is yet to be clarified whether this sum is in addition to Qatar’s $35 billion earlier commitment. Qatar’s sovereign wealth fund has disclosed that it will be investing upto $10 billion in infrastructure projects in the United States. This… Read More ›
Airbus could finalise the sale of 17 jets to IranAir within 2 weeks
The urgency with which Iran is hoping to import the jets before the May 2017 presidential elections show that the issue is likely to be used to boost Iranian President Hassan Rouhani’s image as a pragmatist. Iran’s flag carrier, IranAir… Read More ›
A 10-Year Global Arms Race Set to be Driven by India and China
According to a new report released by IHS Markit, set to drive stronger defense spending over the next decade are emerging global powers China and India. Annual defense budgets should return to pre-financial crisis levels by 2018 even as global… Read More ›
The World is being flooded with Super-Cheap Airfares by Chinese Airlines
Chinese airlines are delivering a hammer blow to foreign carriers trying to keep up by flooding the world with some of the lowest long-haul fares ever seen. Many operators are feeling the squeeze from the extended reach of mainland Chinese… Read More ›
U.S. Defence industry could face federal cuts under Donald Trump
Federal cuts in the expansive U.S. defence industry is likely to affect many U.S. factory jobs. The U.S. Defence industry has come, yet again, under intense attack with U.S. President-elect Donald Trump coming down hard on Lockheed Martin Corp for… Read More ›
World’s banking backbone under attack from hackers
In an increasingly digital world, with the countries around the world opting for a cashless economy, these cyberattacks go to highlight the vulnerabilities of the global financial network and the urgent need to harden and strengthen them. While going cashless… Read More ›
Bitcoin Business to be Discarded by Payments start-up Circle
Since it has failed to become a meaningful part of its business, U.S.-based Circle Internet Financial Ltd will no longer allow customers to buy and sell bitcoin. The company is a social payments app backed by Goldman Sachs, it said… Read More ›
Banks Listen in on Phone Calls to Discover the Best Traders
If one intends to get hired as a trader, one should be careful, not about what one says, but how one says it. Voice analysis technology aimed at identifying behavior associated with a successful career as a trader is being… Read More ›