ESMA and regulators across the EU are keeping a hawk eye on the mountain of cross border derivative contracts that go beyond Brexit. According to a top regulator from the European Union, the EU may not have enough time to… Read More ›
Entrepreneurship
Acquisition central to Deutsche Boerse’s growth strategy: CEO Theodor Weimer
Theodor Weimer has however ruled out any mega deals. Deutsche Boerse’s new CEO, Theodor Weimer, who took office since the start of 2018, essentially told shareholders that he is on the lookout for future acquisitions and that it is one… Read More ›
Starbucks looks to triple its stores in China in the next 5 years
Starbucks is hoping the cost synergies in its deal with Nestle will enable it to mitigate the pressures of fighting waves of small boutique coffee stores in the U.S. and China. Feeling the pressure in its home market, Starbucks Corp… Read More ›
Two senior executives leave Tesla
In recent times there has been a flurry of senior executives leaving Tesla. These departures come at a time when the company is looking to ramp up the production of its Model 3 sedan. Tesla Inc lost two major executives,… Read More ›
U.S. Supreme Court legalizes sports bettings
The market for legal sports betting could range between $1.2 billion and $57.6 billion of total wagers, with proceeds for gaming operators between $62 million and $2.9 billion. With the U.S. Supreme Court paving the way for U.S. states to… Read More ›
Amazon adopts policy for increasing diversity in its board
As per a filing by Amazon to the SEC, its board is set to review nominees from diverse candidates which includes minorities. In a move that aims to promote greater diversity in its Board, Amazon.com stated women and minorities are… Read More ›
Toshiba’s net profit expected to zoom on planned sale of its NAND memory business
Toshiba’s sale of its memory business hinges on getting regulatory approval from Chinese authorities by May 31, 2018. Toshiba Corp stated, it expects a 33% rise in net income thanks to proceeds from its planned $18 billion sale of… Read More ›
JPMorgan applies to set up majority-owned securities business in China
The U.S. bank is one of several foreign banks, including UBS Group AG and Nomura Holdings Inc who have applied to set up majority-owned securities businesses in China, following relaxation of rules. On Monday, JPMorgan Chase & Co stated it… Read More ›
South Korea drags U.S. to WTO for unfair import restrictions
South Korea drags U.S. to WTO for imposing steep tariffs on its exports of washing machines and solar panels. On Monday, South Korea dragged the United States to the World Trade Organization (WTO) saying the imposition of hefty tariffs by… Read More ›
Alphabet’s Waymo hires Tesla’s chief technical contact with U.S. safety investigators
The hiring is likely to boost safety issues in Waymo’s self-driving cars. Waymo, Alphabet Inc’s self-driving unit stated, it has hired Matthew Schwall. Schwall was Tesla’s main technical contact with U.S. safety investigators. Schwall now joins Waymo’s safety team led… Read More ›
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