Competitive pressure on traditional banks in the small business lending arena are poised to be put by tech behemoths Google and Amazon, believes one of former President Barack Obama’s cabinet member. The tech giants would probably push to disrupt the market and… Read More ›
It’s best to prepare early if there’s a change coming, believes Alibaba Executive Chairman Jackc Ma. Fending off competition on its home turf from online marketplace eBay well in its early days, that philosophy served Alibaba, now a Chinese e-commerce behemoth. “When we see… Read More ›
Despite a pickup in activity in all western countries except the UK, the global economy’s recent recovery may not last, the International Monetary Fund has said. By the booming markets and policymakers needed to guard against complacency, there was a… Read More ›
Pensioners and retail customers suffering the biggest financial crisis of their lifetimes could be the result of an unruly end to monetary stimulus from global central banks, warned the CEO of a U.K.-based wealth management firm. Bond markets will be… Read More ›
An Asian consumer has been increasingly spending money in the U.K. capital of London and its is not the Chinese even though there had been an influx of Chinese tourists to London during the China’s recent Golden Week Holiday. According… Read More ›
Bringing his 28-year-old sister closer to the center of power and tightening the family’s control on the regime, North Korean leader Kim Jong Un has promoted her to the ruling party’s political wing. According to the official Korean Central News… Read More ›
U.S. President Donald Trump has bene forced to pour more cash into the properties to cover the shortfall at his Scottish golf resorts after the property faced mounting losses last year. According to accounts filed in the U.K., while revenue… Read More ›
After Rupert Murdoch’s ran into opposition as chairman of the pay-TV broadcaster and after the billionaire’s U.K. publishing arm admitted hacking computers, opponents of his bid to take over Sky Plc gained fresh ammunition. As part of a lawsuit settlement in London,… Read More ›
Christine Lagarde, managing director of the International Monetary Fund is of the view that business regulations need to be cut, immigration policies need to be overhauled, investment need to be made in infrastructure programs and tax system needs to be reformed in the United… Read More ›
France’s finance minister said on Thursday that major challenges for France is being posed by the way large U.S. firms are taxed in the European Union. An “equalization tax” for tech companies across the EU — a potential new policy… Read More ›
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