The failure of the social media platform Facebook to remove a page that encouraged armed Americans to take to the streets of Kenosha, Wisc, was because of an “operational mistake”, admitted the company’s CEO Mark Zuckerberg. Zuckerberg acknowledged in a… Read More ›
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Economic Sentiment In Euro Zone Rises For Fourth Straight Month In August
Following a record drop in economic sentiment in March and April because of the impact of the novel coronavirus pandemic induced lockdowns, the sentiment in Euro zone grew in August for the fourth consecutive month. This was revealed in a… Read More ›
Sanctions Against Turkey Being Prepared By EU Over Its Ankara’s Dispute With Greece
Sanctions against Turkey are being prepared by the European Union in response to Turkey’s dispute in the eastern Mediterranean with Greece and the sanctions are likely to be discussed t the next meeting of the bloc later in September, according… Read More ›
China Expects No Change In US Policy Towards It Irrespective Of A Trump Or Biden Win
A key insight for China Inc about what the policies towards China of the next President of the United States could look like was available during the Democratic and Republican National Conventions. China Inc has been caught in the rocky… Read More ›
London Startup MelodyVR Acquires Napster In A Surprise $70m Deal
In a deal that surprised the market, a British music tech startup has acquired one of the pioneers of the music streaming industry Napster. Rhapsody International, which operates as Napster and is owned by Nasdaq-listed RealNetworks, will be taken over… Read More ›
SoftBank To Sell $14 Billion Of Its Asset Again In Its Drive To Prop Up Cash Reserves
In its efforts to protect itself from possible future waves of the coronavirus pandemic, billions more in cash by selling assets is being raised by one of the biggest tech investors of tee world – SoftBank. It is now set… Read More ›
IMF Says Covid-19 Could Result In A Lost Decade For Poorest Countries
The International Monetary Fund has warned that a decade of development will be lost for the poorest countries of the world because of the novel coronavirus pandemic unless there is concerted and urgent help provided to those countries. There is… Read More ›
Air Travel Within China To ‘Fully Recover’ Next Month, Predicts A Travel Data Firm
A global travel data firm has said by the start of next month, flights within China should fully recover. Since the novel coronavirus pandemic resulted in the grounding of the majority of planes in China February, there has been a… Read More ›
UK Being Bullied By China, Says The US, Citing HSBC’s Handling Of Hong Kong-Related Accounts
A renewed criticism of British Bank HSBC was initiated by the United States Secretary of State Mike Pompeo on Wednesday with a statement by talking about the reported behavior and conduct of the bank towards its pro-democracy customers in Hong… Read More ›
Dual Listing Planned By Ant Financial Targeting $225 Bn Valuation
According to reports, a dual initial public offering (IPO) – one in Hong Kong and the other in Shanghai, is being planned by billionaire Jack Ma’s Ant Group within the next few weeks, according to reports. The company is aiming… Read More ›