A record breaking divorce settlement of at least $35bn (£27bn) would make the wife of Amazon founder Jeff Bezos, MacKenzie, amongst the richest woman in the world. Bezos is the richest man of the world currently. He owns a 4… Read More ›
Regulations & Legal
UK Businesses Monitor Staff Activity Using Artificial Intelligence
Scrutiny of the behaviour of employees minute-to-minute is being done by dozens of UK business owners with the help of artificial intelligence. This is being done by analysis of data about who emails whom and when, who meets whom and… Read More ›
U.N. Agency To Create New Measures To Curb Fraudulent Shipping Practices
There has been a rise in incidents of rogue shipping companies attempting to conceal their activities by fraudulently making use of flag registries. To combat this, tougher measures to clamp down on this trend is being worked upon by the… Read More ›
Saudi Arabia raises prospects of ditching USD to stop NOPEC bill
If Saudi Arabia were to in fact go ahead with the move it would have significant geo-economic and geo-strategic changes. Riyadh depends on the United States militarily to defend itself against arch rival Iran. In a significant development, Saudi Arabia… Read More ›
Cliffhanger Brexit will have deep impact for select sectors: WTO’s Director-General
The British parliament’s decision on April 12 will be is a milestone that Brexit watchers will be looking at very keenly. According to Roberto Azevedo, Director-General of the World Trade Organisation (WTO), if the United Kingdom were to leave the… Read More ›
IMF Research Says $1 Trillion Can Be Saved By Government By Reducing Corruption
The International Monetary Fund (IMF) believes that there can be big economic awards for governments across the globe if they are able to crack down on corruption in their countries. This comment was made by the IMF following a new… Read More ›
EU To Rename Veggie Burgers As Veggie Discs
The less palatable-sounding “veggie discs” would re[place the veggie burgers a Brussels committee has declared. Following a vote in the European parliament on changes to a food-labelling regulation, this could be applicable to vegan sausages, tofu steaks and soya escalopes… Read More ›
UK Lawmakers call for breaking up KPMG, EY, PwC and Deloitte
Calls for breaking up the big four accounting firms are on the rise following audit failures at Carillion and retailer BHS. In a first such intervention, with the role played by accounting firm KPMG in the collapse of construction company… Read More ›
Growing consensus in UK cabinet to accept customs union with the EU
This report from The Sun should be viewed with caution since the option to keep Britain in a customs union with the EU, was defeated by three votes during a round of indicative voting on alternative Brexit options on Monday.
World’s Most Profitable For 2018 Was Saudi Aramco Ahead Of Apple
The most profitable company is the world for 2018 was Saudi Arabia’s state oil company Saudi Aramco. This oil giant overtook United States’ tech giant and iPhone market Apple to reach the top position with a total profit of $111.1… Read More ›
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