An investigative committee set up by the Bangladesh government has come to the conclusion that it cannot rule out the possibility of an insider leaking out the bank’s internal working to hackers. According to the head of the panel that… Read More ›
Strategy
Airbus manages A320 costs by better managing its overheads
Production facilities which were earlier used for its A380 aircrafts will now handle its A320 line of aircrafts. According to Tom Williams, Airbus’s Chief Operating Officer for its A320 programme, the company is in the process of cutting costs for… Read More ›
US Military Uses 8-inch Floppy Disks to Coordinate Nuclear Force Operations
A jaw dropping new report reveals that a computer system that coordinates the operational functions of the United State’s nuclear forces is driven by 8-inch floppy disks – whose use started several decades ago and is still being used. According… Read More ›
Alibaba’s accounting methods under scrutiny by the SEC
Although Cainiao’s business is capitally intensive and appears to be controlled by Alibaba it is unclear how much of this capital will be spent by Alibaba as opposed to its delivery partners. U.S regulators have started probing into the accounting… Read More ›
NYDFS probing LendingClub Corp, to include other fintech companies as well
In the wake of rising defaults, NYDFS wants to ensure whether these fintech companies have done their due diligence and are in compliance with the state’s various statutes. LendingClub has also mentioned that it is in talks with the SEC…. Read More ›
Brazilian corporate networks lag behind their peers on Cyber Security
As per a study done by BitSight, a security ratings company, Brazilian companies fare “significantly poorer” in cyber security among companies across major economies. This is a wake-up call before the country becomes a hacker’s nest. According to a study… Read More ›
Rabbits in Court: Duracell and Energizer’s Fight Over Rabbit Mascots
The tussle for who own the rabbit will now be fought out in court. After a judge ruled that a legal tussle over the right to use a rabbit mascot can proceed, the Duracell and Energizer bunnies are all set… Read More ›
Oil Tanker Companies the only Sector in Petro Industry to Benefit from Drop in Oil Prices
The most players in the oil industry is struggling to stay afloat due to the low prices and oversupply of oil, one segment of the industry seems to be gaining from all this turmoil. In recent years with oversupply of… Read More ›
Oil prices hit their 7 months high of $50 a barrel
The U.S. government has reported a larger-than-expected drop in crude inventories. For the first time in seven months Brent crude rose to levels above $50 a barrel. Asian shares however did not ride this wave as they are still struggling… Read More ›
The ECB could help finance Bayer’s acquisition of Monsanto
Does Bayer’s acquisition strategy of Monsanto factor in the ECB bond buying program? It would be brilliant if it has in fact factored that in. According to the terms of the European Central Bank’s bond buying program, Bayer would be… Read More ›
