The bank has reiterated that will continue to service its European customers regardless of its relocation efforts. Its services across Europe will not be affected by the move. As part of its contingency plans, Goldman Sachs Europe’s CEO has disclosed… Read More ›
Sustainability
Britain cozying up to China to offset EU trade
Britain hopes to stave-off the effects of a hard Brexit by partnering with China. A top official at Britain’s finance ministry has stated that Britain aspires to be China’s leading Western partner as China tries to manoeuvre itself as the… Read More ›
Brexit negotiations could reshape UK
The Brexit negotiations will be one of the most challenging negotiations Britain will be undertaking since the end of WW II. May will have to tread carefully since it will decide her political legacy and has the potential to re-shape… Read More ›
Wal-Mart set to launch its first investments arm – Store No. 8
In order to better compete with arch rival Amazon.com, Wal-Mart is hoping to profit from the benefits of its investment arm, which will focus on tech startups, so as to better compete in its e-commerce push. The world’s largest brick… Read More ›
SoftBank sinks in $300 million in WeWork in its first round of funding
SoftBank could potentially invest nearly $3 billion into WeWork through its Vision Fund. A source familiar with the matter at hand has disclosed that SoftBank Group Corp has invested $300 million in WeWork, a shared-office space company. The investments is… Read More ›
Ether’s rise largely led to the fall in prices of bitcoins
Ether is a new cryptocurrency which has nearly tripled its value. Although Bitcoin suffered its biggest ever fall since early 2015, with investors selling the crypto currency on worries about its future, it quickly regained its composure. Having touched… Read More ›
Peabody’s bankruptcy plan will largely benefit select few
Oddly Peabody’s bankruptcy comes at a time when the Donald Trump Administration is giving the fossil fuel industry the go ahead. The world’s largest private sector coal producer, Peabody Energy Corp, has disclosed that it expects to file bankruptcy under… Read More ›
Chip Shares As Collateral For Loans Offered By Toshiba : Reuters
To secure debt refinancing, shares in its memory chip unit to creditors as collateral I being offered by Japan’s crisis-racked Toshiba Corp, reported the news agency Reuters citing people briefed on the matter. A day earlier, the conglomerate said it… Read More ›
VW’s CEO not ruling out merger talks with Fiat Chrysler
Fiat Chrysler’s CEO Sergio Marchionne has been an advocate of sharing the costs of cleaner next gen advance technology. The CEO of Europe’s biggest carmaker, Volkswagen AG, has stated he is yet to rule out talks on the potential acquisition… Read More ›
Bezos scores double win with Washington Post deal
Jeff Bezos bought the Washington Post at a time when the print media industry faces recurring revenue shortfalls. With this deal, Bezos has set a target for Washington Post’s 1 year old service, Arc Publishing, of $100 million. In a… Read More ›