Here’s what the Institute of Fiscal Studies, leading think tank in Britain, has to say on Britain’s post Brexit finances. On Monday, a think tank stated, the noble aims of British finance minister Philip Hammond to have a budget surplus… Read More ›
HR & Organization
Envoys from South Korea and China meet to discuss threats posed by North Korea
South Korea, China and Japan have high stakes if the North Korean threat goes north. The economic and humanitarian costs of a confrontation will be significant, especially for South Korea. Officials from South Korea’s foreign ministry are set to meet… Read More ›
Kobe Steel revises downwards its full year profit forecast
In the wake of its widespread data falsification scandal the embattled Japanese steelmaker has taken several steps, including revising its full year revenue forecast. On Monday, Japanese business daily Nikkei reported, embattled Japanese steel company Kobe Steel Ltd, as having… Read More ›
U.S. tech giants report phenomenal jump in quarterly earnings
In a paradigm shift, businesses are increasingly shifting from owning data centres to cloud computing, which is creating the basis for a new bull run. The combined revenues of Alphabet, Amazon and Microsoft have totaled to more than $100 billion… Read More ›
Fixed-line network is a strategic asset: Telecom Italia’s Chairman
While boosting the return of investment for stakeholder’s is important, it should not be at the cost of of dilution of a strategic asset. Other avenues will have to be sought on how to add new shareholders to Italy’s broadband… Read More ›
For the first time Brazil opens its deepwater pre-salt fields to foreign energy companies
As a result of these reforms, executives from the majority of the world’s biggest oil companies have landed in Rio de Janeiro, to outbid each other for a slice of Brazilian crude whose quality is said to be world class… Read More ›
Volkswagen’s Financial Services division launches HeyCar to tap Germany’s burgeoning used-car market
Unlike its competitors, consumers will not have to see advertisements on HeyCar while searching for the best deals in the used car market in Germany. On Thursday, Volkswagen’s Financial Services division stated, having created an online platform, dubbed HeyCar, it… Read More ›
Las Vegas Sands to spend $1.1 billion in Macau’s gambling hub
Just as Las Vegas Sands has brought France’s Eiffel tower to Macau, it now plans on building a London-themed attraction in Macau as well. Las Vegas Sands, owned by U.S. billionaire Sheldon Adelson, stated that it plans on spending $1.1… Read More ›
Hong Kong and Singapore link up their trade and finance platforms to blockchain technology
The project aims at harnessing the benefits of Distributed Ledger Technology (DLT), also known as blockchain, to better tap into the synergies of $2 trillion worth of transactions between the two nations. On Wednesday, the central banks of Hong Kong… Read More ›
The finer points of the Bombardier Airbus deal
Ever wondered why suddenly the Canadian government selected Airbus when it was actively courting greater economic ties with China following Trump’s threat of tearing apart and renegotiating NAFTA agreement? This makes an interesting read. According to five sources familiar with… Read More ›
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