Full employment has been won by couriers carrying emergency blood supplies for the NHS of the U.K. This perhaps the first time that such a recognition has been given to a constituent of what is defined as the gig economy…. Read More ›
Regulations & Legal
BlackRock to raise $10 billion for equity investments: source
The move will place it in direct competition with Berkshire Hathaway Inc and Blackstone Group. As per a source familiar with the matter at hand, BlackRock Inc, the world’s largest asset manager, plans on raising around $10 billion as part… Read More ›
Republican Senators introduces bill blocking U.S. government from using telecome equipment from Huawei Technologies and ZTE Corp
This development aims to provide a systemic protection to U.S. infrastructure and businesses that may have been so far vulnerable to sniffing by adversaries. Pregnant with geo-economic and geo-political implications the move underscores a growing awareness within the U.S. establishment… Read More ›
French antitrust probe could materially impact Electrolux’s financial statements
In the multi-year investigation, anitrust authorities in France have alleged that Electrolux along with other large white goods home appliance makers have collaborated to fix prices of their appliances. On Wednesday, Electrolux stated antitrust authorities in France are set to… Read More ›
Angela Merkel’s conservatives party and the Social Democrats (SPD) hammer out coalition government: sources
The development brings closure to the 4 month long political uncertainty which has weakened Germany’s economy and its role in international affairs. On Wednesday, a source involved in the negotiations between German Chancellor Angela Merkel’s conservatives party and the Social… Read More ›
British banks should apply for EU license by end of second quarter: ECB
The statement by Sabine Lautenschlaeger, a board member of the ECB, brings more clarity on the outlook of British financial institutions vis-a-vis Brexit. On Wednesday, Sabine Lautenschlaeger, a board member of the European Central Bank made it lucidly clear to… Read More ›
Tronc Inc to sell Los Angeles Times to Patrick Soon-Shiong
With evolving times, the newspaper industry is facing severe headwinds against the digital print industry, and the sale is largely reflective of that struggle. As per a source familiar with the matter at hand, Tronc Inc, owner of Los Angeles… Read More ›
Levered and inverse ETPs should be labeled differently from ETFs: BlackRock
Calling on regulators to learn from Monday’s market turmoil, the world’s largest asset manager, asked that they be labeled differently from plain-vanilla ETFs such that investor can better associate risks pertaining to them. Following Monday’s steep decline in financial instruments… Read More ›
Britain rules out customs union after Brexit: BBC
The move would have profound implications for Britain’s economy and could potentially trigger customs check at EU borders, including the one between Northern Ireland and the Republic of Ireland. The move is also likely to rid Britain from EU’s single… Read More ›
More Than $100 Billion Struck Off Virtual Coin Markets In Just 24 Hours On Friday
Rising worries among investors that the price of bitcoin was being manipulated in a major exchange and concerns about stricter regulatory frameworks resulted in investors losing confidence in the virtual currency and consequently more than $100 billion was struck off… Read More ›
