Amazon.com’s strategy fits snugly into Donald Trump’s vision of “Buy American” In a significant development, Amazon.com Inc, the world’s biggest online retailer, is preparing to unveil a 1 million square-foot warehouse near Mexico City in order to capture Mexico’s nascent… Read More ›
Geopolitics
To Diversify Assets Amid Gulf Crisis, Qatar Fund Plans U.S. Deals
The diplomatic standoff between Qatar and its Gulf neighbors entered its third month. And amidst this unresolved crisis Qatar is seeing to further diversify its assets and has planned to induce more U.S. investments to achieve this. Qatar’s windfall gains… Read More ›
Malaysia Airlines places orders for 16 passenger aircrafts from Boeing
The purchase announcement was timed with Malaysian Prime Minister Najib Razak’s meeting U.S. President Donald Trump at the White House. On Wednesday Boeing stated it has signed a memorandum of understanding (MOU) with Malaysia Airlines to sell eight widebody 787… Read More ›
Report Says, To Evade Sanctions, Bitcoin Attempted To Be Stolen By North Korean State-Sponsored Hackers
In order to avoid sanctions and fund Kim Jong Un’s regime, North Korea is trying to steal bitcoin and other virtual currencies, according to a report. With the suspected aim of stealing the digital tokens, North Korean hackers had targeted at least… Read More ›
Bain Capital led consortium in the lead for Toshiba’s chip business: sources
Fears that Western Digital might take over control of Toshiba’s chip business led to it being dropped as the preferred bidder, said sources. According to two sources briefed on the matter at hand, Toshiba Corp favors a consortium led by… Read More ›
Britain to unconditionally commit to security cooperation within Europe
A document which details Britain’s future commitments, including security, with EU has been released by the British government. In a development of far reaching consequences, Britain has stated it was unconditionally committed to the security situation in Europe. These disclosures… Read More ›
North Korean Accounts Banned By China’s Biggest Banks
In an unprecedented move to clamp down on financial flows with the country’s unruly neighbor, China’s biggest banks have banned North Koreans from opening new accounts. They had imposed a freeze on new accounts for North Korean people and companies,… Read More ›
Risk managers in demand in European banks
With financial institutions expanding their European operations following Brexit, the market for risk managers has become highly competitive. Faced with an increased likelihood of financial companies exiting Britain, regulators in Europe have begun hiring risk specialists to prepare for the… Read More ›
Post Brexit custom checks could cost Britain north of $5.28 billion
A report prepared by the Institute underscores the needs for stability for British businesses and highlights potential pitfalls. As per the report of a think tank that was released on Monday, the introduction of post-Brexit customs checks could cost traders… Read More ›
For a second time in a row Hyundai Motor suspends production at its factory in China
South Korean companies are facing a backlash from China over Seoul’s decision to deploy THAAD missile defense system that China sees as threat to its national security. In a significant development that reveals China hidden hands as it moves to… Read More ›