For China, Britain is important since it aims to gain from its financial clout and use the country to showcase the fact that a first world nation supports its Silk Road project which is crucial for its prestige on the… Read More ›
Regulations & Legal
SoftBank acquires Fortress for $3.3 billion
The acquisition of an alternative investment heavyweight such as Fortress assumes significance since it signifies a widening of SoftBank’s portfolio, which has typically catered to the technology and telecom sector. With the SoftBank Group Corp preparing to launch the world’s biggest… Read More ›
Wal-Mart closes in on Amazon.com with its acquisition of Moosejaw for $51 million
Under the leadership of CEO Doug McMillon and e-commerce chief Marc Lore, Wal-Mart is steadily closing the gap with rival Amazon.com Inc. With Wal-Mart Stores Inc working strategically to gain the upper hand against the world’s biggest online retailer, it… Read More ›
France, Germany Netherlands vulnerable to election hacking: former U.S. official Justice Department
The U.S. intelligence community has repeatedly pointed a finger at Russia for having influenced the 2016 U.S. Presidential elections and have called for a more proactive and assertive stance. As per a former official from the U.S. Justice Department who… Read More ›
As Space War Intensifies, India Completes Record Satellite Launch
As the Indian space program looks to cement its position as the dominant destination for low-cost launches, the country’s primary space agency, ISRO, put 104 satellites into orbit on Wednesday, the most in history. When it took off at 9:28… Read More ›
20% import tax likely to ruin the retail industry in the U.S.
In a cunning move, Trump’s proposal has exempted revenues generated from exports while proposing to impose a 20% tax in imports. This essentially pits exporters against importers and unless this entire line of reasoning is revisited, in the long run… Read More ›
Abbott Laboratories’ shares gets the buy signal from Barron’s
In 2016 Abbott Laboratories shares have traded in the range of $37 to $45. As per the Barron’s report the shares make a good buy since Abbott’s Laboratories acquisition of St Jude have skewed its global profile to the U.S…. Read More ›
After PBOC Talks, Withdrawals Halted by China Bitcoin Exchanges
Due to perceived pressure from China’s central bank to clamp down on capital outflows, the nation’s three biggest bitcoin exchanges took steps to prevent withdrawals of the cryptocurrency form the country. The major bitcoin exchanges said in separate statements on… Read More ›
Blackstone acquires Aon’s benefits outsourcing business for $4.8 billion
This business processes the work benefits of roughly 15% of the current U.S. population. As per people familiar with the matter at hand, Blackstone Group LP has agreed to acquire Aon Plc’s employee benefits outsourcing business for nearly $4.8 billion…. Read More ›
UK plans on removing a major hurdle facing self-driving vehicles
Britain’s transportation minister is set to make self-driving friendly insurance rules, a fact which could nurture the nascent industry which globally has been valued at $1.1 trillion by 2025. In what is likely to be a major strategic shift to… Read More ›
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