The United States based leading cloud-based software company Salesforce reported a 35 per cent growth in its quarterly revenues for the fourth quarter of last year at $4.85 billion. Revenue from sale for the customer relationship management service provider was… Read More ›
Regulations & Legal
Virus Outbreak In China Could Impact Indian Drugmakers Which Can Impact Globally
The coronavirus outbreak in China could cause a potential disruption for drug makers in India and experts say that if that happens, the impact well be felt globally. The virus outbreak in China threatens to disrupt the supply of raw… Read More ›
Moody’s Slashes Its Forecast For Global Vehicles Sale For 2020 Due To Coronavirus
Even as a number of global car makers have issued warnings of profit for the current year being hit because of the coronavirus outbreak in China and elsewhere, its global vehicle sales forecast for the current year has also been… Read More ›
Equivalence for financial services not part of Brexit negotiations: EU
In a statement, the European Commission stated, Brexit negotiations with Britain will not include British financial firms gaining access to the EU market. The clarification comes in the wake of Britain stating it wants a “legally binding” framework to access… Read More ›
Facebook Users Want To Be Paid $8.44 A Month For Selling Users’ Bank Balance, Finds A Study
A study that was conducted to ascertain the value that people in various countries attach to their personal information has shown that Facebook users of Germany would want the social media company to pay them about $8 per month against… Read More ›
Blackstone to acquire British student housing group iQ for $6 billion
In a statement, Goldman Sachs’ merchant banking unit and Wellcome Trust, a medical charity, stated they have agreed to sell iQ, a British student accommodation company to Blackstone for $6.06 billion (4.66 billion pounds). Outside of North America, Britain is… Read More ›
Global Central Bankers Examining The Economic Impact Of Coronavirus Outbreak
Soon after the novel coronavirus was detected and confirmed in China on Dec December 31, the central bankers of the world created a comforting early analysis of its impact by referring to past experiences. The bankers referred to the 2003… Read More ›
EU To Provide Level Playing Field For Its Firms To Rival US And Chinese Tech Giants
Europe is now planning to catch up with the United States and China in the area of technologies that dominated the past decade as it feels that it had been left behind in the technology race. The current aim of… Read More ›
Shell Predicts Doubling Of Demand For Liquefied Natural Gas By 2040
Royal Dutch Shell’s annual LNG Outlook report shows a 12.5 per cent rise in global demand for liquefied natural gas, or LNG, last year touching a total of 359 million tons. Shell has predicted that natural gas set to play… Read More ›
Coal Miner Glencore Promises To Reduce Carbon Emissions By 30% By 2035
While unwilling to set any form of climate targets for the company, the mining giant Glencore has claimed that it expects to reduce about 30 per cent of its carbon footprint by 2035. This, according to the company, will be… Read More ›