Now that the uncertainty around the Brexit vote that dogged the start of the year has disappeared, bankers returning from the beach may be dreaming of a pick-up in dealmaking activity come September. Compared to last year, so far, it’s been… Read More ›
Economy & Finance
ChemChina close to clearing CFIUS hurdle: sources
Given China’s profile, especially in the security context, it wouldn’t be surprising if it does not pass the CFIUS review. The fog of war could be lifted sometime next week, when the outcome of the review process is announced by… Read More ›
The $1 Billion E-Sports Gaming Industry will now have an Olympics for Itself
While athletes from world over have been fighting out for medals at the Olympics in Rio, an Olympics of e-sports is being planned to be achieved by a gaming company that showcased a gaming tournament to that effect at the… Read More ›
SEC of U.S. said to be Investigating Hampton Creek, Maker of Just Mayo
If U.S. media reports are to be believed, a preliminary inquiry into Hampton Creek has been opened by the Securities and Exchange Commission of the U.S. An organized effort by Hampton Creek to buy large quantities of its Just Mayo… Read More ›
Toyota’s assembly lines resume churning out cars after a gap of 6 months
A host of factors including shortage of hard currency, vehicle parts and severe recession had earlier stalled Toyota’s manufacturing activity in Venezuela. In a move that bodes well for Toyota and for the Venezuelan economy, Toyota has disclosed that it… Read More ›
Agreement Reached Between Viacom and Controlling Shareholder Sumner Redstone: Reuters
An agreement on terms of a settlement that would result in the departure of Chief Executive Philippe Dauman has been reached between Viacom and controlling shareholder Summer Redstone, reports Reuters quoting sources familiar with the situation. The battle has been a… Read More ›
Sharing Economy to Ease Europe’s Refugee Crisis to be Used by This Not-profit Organization
Where to house the refugees and how to assimilate them into the host country’s culture are the two main concerns of Europe’s refugee crisis and the sharing economy’s methods is being aimed by one non-profit organization in the region to try… Read More ›
Philippe Dauman and Sumner Redstone agree to settle and avoid a legal battle
The root cause of the crisis started when in efforts to boost Viacom’s bottomline Dauman proposed and pushed for the sale of Paramount Studios, a company which Sumner Redstone acquired after a long battle with media mogul Barry Diller in… Read More ›
Will Robots Save Denmark’s Welfare State?
Denmark may not soon be able to afford offering such a good deal to its people and this is a problem for the country. Marking one of the highest levels in the rich world, Denmark devotes slightly more than 30… Read More ›
Artificial Intelligence as Future of Search is Start-ups’ Bet to Challenge Google
New artificial intelligence (AI) techniques that make searching the web more like talking to a friend and start-ups are hoping that with this new technology they would be able to challenge Google. Understanding natural language, a thing that has typically… Read More ›