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Bitfury, Tech Firm Mphasis Plan Blockchain Disruption in Trade Finance
29.5.2019
Blackstone-owned IT firm Mphasis has partnered with blockchain tech firm Bitfury to automate and tokenize trade finance processes
South Korea Finds Itself in a Tough Spot Following Huawei Ban
29.5.2019
The banning of Huawei by the United States has sparked off a meltdown in the markets, but it has also made life uncomfortable for a range of countries which fear diplomatic awkwardness due to the issue. South Korea is one such nation, and currently, the Asian country finds itself in a tough spot...
Sony to be sued in Australia over Illegal Store Refund Policy
29.5.2019
The refund policies of many large corporations have often fallen foul of the local laws across the world over the years, and in a new development, Sony has found itself in the crosshairs of Australian laws. Over the course of the past few decades, the onset of globalization has led to some of...
Shipping Companies Raise Cargo Rates For Transporting Goods From The US To Venezuela
29.5.2019
According to three industry sources and two documents, the cargo rates for transporting goods from the United States to Venezuela has been raised by two major shipping company this month. The reason is said to be because the U.S has sanctioned limit transit between the two countries. Earlier on...
Crypto Assets Outshine Most Traditional Investments in 2019
29.5.2019
Last year, cryptocurrency proponents either complained about the low prices or celebrated the fact they could obtain cheaper coins. 2019 has been an entirely different story, however, as digital assets have started to gain significant value in comparison to traditional assets like stocks, oil,...
Blackstone Majority-Owned Indian Tech Firm Partners With Bitfury on Trade Finance Project
28.5.2019
Indian tech firm Mphasis — majority-owned by the U.S. multinational private equity firm Blackstone Group — has partnered with Bitfury on a forthcoming trade finance project
IBM Blockchain Finance Lead Jesse Lund Is Leaving the Firm
28.5.2019
Jesse Lund, IBM’s global head of blockchain for financial services, is no longer working for the company
The Growing Demand For Chocolates-Producers In A Fix To Meet The Market Needs
28.5.2019
The largest producers of the cocoa bean, Malaysia and Indonesia are forced to import more from South America and Africa to meet the growing demand for chocolates in the Asian countries. Peter Jasman, the chairman of Indonesia’s Cocoa Industry Association, mentions that top producers, like...
German Authorities Ask Banks to Keep Aside $5.9 Billion Over Possibility of a Slump
28.5.2019
One thing that has been proven beyond a shadow of a doubt is that the German economy is in the middle of a slowdown and industrial growth has been tepid over the past few months. In addition to that, the country’s relatively robust banking industry has also been going through a bit of churn,...
Tencent to Overhaul Overseas Strategy after ‘Honour of Kings’ Failure
28.5.2019
Replicating the success that a mobile game enjoys in one market can be tough when the game is offered to a global audience, and that is what Tencent Holding found out with the failure of the mega-hit mobile game ‘Honour of Kings.’ Before making the game available at a global level, the game...
Facebook and Microsoft Pledge to Help Canada Conduct a Clean Election
28.5.2019
Fake news, automated accounts, and targeted advertising of spurious content to Facebook users have been some of the biggest problems that have affected elections in many democracies across the world, over the past few years. The internet was weaponized in a devastating fashion as the flow of wrong...
Huawei Reviewing Ties with FedEx After Diverted Packages Claim
28.5.2019
One of the big casualties of the trade war between the United States and China has been the Chinese tech giant Huawei. The company has not only been banned from supplying telecom equipment to US companies, but last week it was blacklisted as well, and before long, no American company will...
Alibaba to Launch Massive $20 Billion Listing in Hong Kong as It Looks for More Capital
28.5.2019
When it comes to e-commerce companies, then China’s Alibaba is in a league of its own, and after having become the biggest online retailer and tech company in the world’s second largest economy, it is all set to grow further. However, to fuel that growth, the company has now decided to have...
Lupin Shares Crash Following US FDA Observations About Goa Plant
28.5.2019
Over the past two and a half decades, Indian generic drug companies have become one of the most dominant players in the industry, and in that regard; Lupin Ltd remains one of the most influential. However, as everyone knows, these companies depend on the United States market for a large bulk of...
Finistere Along With 3 Israeli Companies To Invest $100 Million In Food Tech
27.5.2019
Finistere Venture, a food technologies based company along with three other Israeli firms, announced their partnership in investing $100 million in Israel in agrifood startups. Finistere will be joined by OurCrowd, Israel’s largest venture investors, Tempo, a beverage company, and Tnuva,...
South Korean Won Gets Hammered With Increase In Foreign Investments
27.5.2019
The rise in trade by South Korean investors in foreign stocks and bonds in the previous quarter is threatening to push the Won currency further down. An increase of 51 percent was observed in foreign stocks and bond trades by Korean investors in the last three months alone according to data...
Huawei’s Plight To Help Samsung Gain Larger Market Share
27.5.2019
Huawei Technologies has become the centerpiece in the rising dispute between the US and China. With Huawei becoming the second largest seller of smartphones globally, the issues facing the company have taken on a more serious turn. Huawei was initially founded in 1987, following which it expanded...
World’s Biggest Investment Banks to Face Class Action Lawsuit in Australia
27.5.2019
Earlier this month, some of the world’s biggest investment banks were found to have been involved in widespread foreign exchange manipulation by the regulatory authorities in the European Union. At the time, it came to light that some of the traders employed with the biggest names in investment...
Renault Board Presented with Merger Offer by Fiat Chrysler
27.5.2019
In the world of top-level business, mergers and acquisitions often go on to create behemoths that can tide over any crisis in the industry and over the years, many such mergers have happened in the automobile industry. In a new development, it has now emerged that Fiat Chrysler has sent a merger...
Foreign Ownership in IT and Telecom to be Restricted by Japan
27.5.2019
Cybersecurity has been a recurring issue for the most government over the past decade or so and the worries went up several notches when the United States accused Chinese telecom giant of being a vehicle for spying for Beijing. The company was eventually banned and blacklisted, but many other...