Japan’s blossoming digital payments industry is being eyed by one of the world’s largest tech companies. A new online and mobile payment app called PayPay will be launched in Japan by SoftBank in partnership with Yahoo Japan. The app is set… Read More ›
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Thomson Reuters Corp’s Financial and Risk unit to be renamed Refinitiv after acquisition
David Craig, the current head of Thomson Reuters Corp’s Financial and Risk unit will become the CEO after the completion of the deal, which is expected to close by 2018. According to a statement by U.S. private equity firm Blackstone… Read More ›
Facebook Misses Market Growth Estimates, Shares Plunge 20%
Following the comment from the chief financial officer of Facebook that the revenue growth of the company would “continue to decelerate in the second half of 2018”, the shares of the company tumbled by more than 20 per cent during… Read More ›
An All-Out Trade War Between US And EU Averted After Trump-Junker Meet
Following talks between United States president Donald Trump European Commission chief Jean-Claude Juncker, both the parties reached an agreement to avoid an all-out trade war and continue efforts to lower tariffs. Trump described the talks as being “a very strong… Read More ›
Extension Of Brexit Talks Beyond 2019 Suggested By Ireland
Amidst growing concerns about the possibility that an agreement on Brexit would not be reached between the UK and the EU, suggestions that the Brexit negotiations could be extended beyond 2019 was made by Ireland’s Foreign Minister Simon Coveney. The… Read More ›
European Airlines File Complaint With Brussels Against France
A complaint with the European Union against France have been submitted jointly by British Airways’ parent company IAG and budget carriers Ryanair, easyJet and Wizz Air in relation to the continuing strike by the air traffic controllers in the country. The principle… Read More ›
$12bn Trade War Bailout For US Farmers Announced By Trump Administration
A $12bn plan aimed at helping the US farmers who are hurt by the escalating trade was unveiled by the Trump administration. In the wake to various countries raising import taxes for US products such as soybeans in retaliation to… Read More ›
€6,000 For Every Migrant Taken In by EU Member Offered By European Commission
The expenses of taking in of migrants into countries from boats that arrive on the Mediterranean would be shouldered by the European Commission. The commission hopes that this would entice countries to accept migrants coming into Europe after the new… Read More ›
Us$73.6 Billion Cash Injection By Beijing To Boost Economy
While the trade tensions with the United States appear to be escalating and scandal rocks the pharma sector, the Chinese government is attempting to lift its economy by the announcement of a series of new measures. Following this, the markets… Read More ›
EU’s Record Fine Of €4.3bn Shrugged Off By Alphabet in Second Quarter Results
The shares of Google’s parent company Alphabet were set on course to achieve an all time high after the company reported very encouraging second-quarter results and surpassed Wall Street expectations. Nearly two thirds of the profit of the company was… Read More ›