In a significant development, in a summit that took on Saturday, Mexico’s president and other leaders said, Caribbean nations and Latin American countries should aspire to form a bloc similar to the European Union in a bid to wrest away… Read More ›
HR & Organization
China’s Possible Lehman Moment – The Potential Collapse Of Evergrande
Questions are being raised about whether China is facing its own Lehman Brothers moment – wherein the fall of a single company is powerful enough to disrupt markets all around the world. This is because of concerns of a possible… Read More ›
Nearly 2 Mln People A Year Are Killed Because Of Working Conditions, Says UN Agency Report
Every year, almost 2 million people die because of work related reasons, including form illnesses related to working long hours and from air pollution, showed a recent report published by United Nations agencies. In 2016, 1.9 million people all across… Read More ›
Citigroup Inc hires Steve Milovanovic from Goldman Sachs Group
According to an internal memo from Citigroup Inc, the bank is hiring Steve Milovanovic to head its investment banking unit which focuses on mergers and acquisitions by financial institutions in the Americas. The contents of the memo were confirmed by… Read More ›
Warburg Pincus Global Growth 14 seeks to raise $16 billion in private equity fund
According to sources familiar with the matter at hand, Warburg Pincus LLC aims to raise $16 billion from investors for its biggest ever flagship global private equity fund. Warburg Pincus is in the “early stages of raising Warburg Pincus Global… Read More ›
US officials to host meeting at White House on global chip shortage, COVD-19’s impact on chip supply chains
In a statement the US Commerce Department said, U.S. Commerce Secretary Gina Raimondo and White House economic adviser Brian Deese are scheduled to host a semiconductor supply chain meeting at the White House on September 23. Officials in the meeting… Read More ›
Chat app Discord raises $500M in new funding round
In a statement Discord said, it has raised $500 million in a funding round led by investment firm Dragoneer Investment Group. Previously Bloomberg News had reported the value of the deal at around $15 billion. Discord declined comment on the… Read More ›
Federal Housing Finance Agency tweaks capital and leverage requirements for Fannie Mae and Freddie Mac
In a statement, the Federal Housing Finance Agency, a regulator which oversees housing giants Fannie Mae and Freddie Mac, has proposed changes to recently imposed capital and leverage requirements on the pair, which aims to encourage the pair to shift… Read More ›
Snap Inc hires Jacqueline Beauchere, its first global head of platform safety
On Wednesday, in a statement Snap Inc, Snapchat’s owner said, it has hired a longtime online safety advocate as its first global head of platform safety; the development comes at a time when the company continues to ramp up efforts… Read More ›
Microsoft to buyback shares up to $60 billion, appoints Brad Smith as President and Vice Chairman
In a statement Microsoft Corp said, it has decided to buyback its shares worth up to $60 billion and raise its quarterly dividend by 11%. It has also appointed Brad Smith as its President and as its vice chairman. It also… Read More ›
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