Hammering out a swift trade deal with the U.S. promises to be the easy part, Brexit negotiations and dealing with its geopolitical fallout is likely to pose significant challenges to the United Kingdom. Britain’s Prime Minister, Theresa May has finally… Read More ›
Regulations & Legal
Blockchain technology could provide a saving of $12 billion a year – Accenture
Accenture’s report is based on concrete estimates based on the analysis of actual cost data from 8 of the world’s 10 biggest banks. Going by a report prepared by Accenture, the world’s biggest investment banks could trim their infrastructure costs… Read More ›
U.S. eyeing Britain’s market with a quick deal after Brexit
After Brexit with a disconnected Britain peering for a major trading partner, Donald Trump aims to fill that void with U.S. manufactured goods. U.S. President-elect Donald Trump has shot off yet salvo, saying ultimately Brexit will turn out to be… Read More ›
Essilor’s 46 billion euro merger with Luxottica creates ripples in the global eyewear market
The combined company will be headquartered in Paris and will be listed in the Paris Stock Exchange. As per two sources familiar with the knowledge at hand, France’s Essilor and Italy’s Luxottica have agreed to combine forces in order to… Read More ›
Allianz scouring Europe and U.S. insurance market for potential takeovers
Potential European targets include Swiss insurance giant Zurich. German news daily, Sueddeutsche Zeitung has reported that insurance giant, Allianz is scouring the U.S. market for potential takeovers of big companies. “Only a big takeover would help us. Buying smaller companies… Read More ›
With a $4.3 billion VW moves past U.S. diesel emission cheating crisis
The company has accepted increased scrutiny in the forms of various audits by external independent monitors. In a major development for Volkswagen AG, as part of a $4.3 billion deal with U.S. regulators, Europe’s biggest car manufacturer has agreed to… Read More ›
TheCityUK pushes for partial access to EU’s single bloc market
EU leaders have repeatedly warned that the four freedoms of the 28 member nation bloc, Freedom of people, of goods, of services and capital, cannot be cherry picked. In a significant development, Britain’s famed finance industry has given up its… Read More ›
Floor & Decors to come out with a $1 billion IPO
The U.S. new housing and housing repairs sector has, of late, seen robust growth. According to sources familiar with the matter at hand, Floor & Decor Holdings Inc, a U.S. based tile and flooring retailer, is getting ready to launch… Read More ›
VW’s executive arrested in Florida on charges of fraud
The timing of the arrest is unusual given the extensive negotiations VW has had with U.S officials on ways to surmount and move past the diesel emission. The New York Times has reported that the Federal Bureau of Investigation has… Read More ›
French drugmaker Ipen set to acquire Merrimack’s asset for ~$1billion
While the deal will boost Ipen’s cancer drug portfolio, Merrimack’s shareholders will receive a special dividend as an outcome of the deal. France-based drug manufacturer Ipsen SA, has disclosed it will be acquiring some assets from its U.S. peer Merrimack… Read More ›