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 ›
Regulations & Legal
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 ›
Donald Trump needs to tackle China on trade tariffs: U.S. ethanol and grain producers
China, one of the biggest importers of U.S. agricultural products, has imposed punitive tariffs on U.S. agricultural produce which has resulted in the cancellation of several orders. Three industry groups in the U.S, who represent U.S. grain growers and ethanol… Read More ›
Scottish government to demand a 2nd independence referendum
The Courier Newspaper in Dundee has reported that British Prime Minister Theresa May is secretly working on a strategy to deal with Scotland’s demand for a second independence referendum. In a significant development for the UK, the Scottish government has… Read More ›