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Australia Faces The Threat Of Unemployment
16.5.2019
The graph of the unemployment rate in Australia has taken a step higher, which has affected the labor market adversely. This mounting unemployment has boosted the chances of an interest-rate cut. As per the statistics bureau reports, the unemployment rate, which stayed at 5.1% in March,...
Automobile Stocks in the US Show Mixed Signs as Trade Concerns Hit
16.5.2019
When Donald Trump became the President of the United States, one of the most important policy initiatives that the administration had pushed was that of reducing the country’s trade deficit with a range of nations. The administration had decided to raise tariffs as a way of bringing nations to...
Warren Buffett’s Berkshire Hathaway reveals its Gigantic Stake in Amazon
16.5.2019
Warren Buffett is one of the most successful investors in history and over the years, he has been known to make large bets on companies that he believes in, and eventually, he ends up holding them for years. However, at the same time, Buffett is also known to have strong opinions about stocks...
Fintech Firms and Nasscom Want Crypto in Reserve Bank of India’s Regulatory Sandbox
16.5.2019
Cryptocurrencies are still not legal in India, but Fintech Firms and tech body Nasscom want the central bank of the country to include them in its regulatory sandbox. Over the past half a decade, cryptocurrencies have become one of the most popular investments for millions of people all over...
Indigo Ready To Offer Business Class For Europe-Asia Flyers
16.5.2019
As a first step to enter the Euro-Asia market, IndiGo plans to offer business class seats at an affordable price. Currently, IndiGo offers international flights to Istanbul, Turkey. The airline is now expecting to start the first service to Europe in the next six months, and it will be a one-stop...
Hard Time For Nissan As Profit Dips
15.5.2019
The gigantic automobile manufacturer Nissan revealed that their operating profit dropped to 45%. One of the major reasons for this fall is said to be the troubles with the U.S which includes failed deliveries to the dealers. Nissan’s U.S operations have set unreasonable sales goals and sales...
Trade War With China Is Good For GSP Countries As Per Report
15.5.2019
The Generalized System Of Preferences is an initiative of the US trade preference program, which gives the third world countries a chance to grow their economy and move out of poverty. As per reports, in the ongoing trade war with China, the GSP countries seem to have an advantage. Some of...
Google Tries to Claw Back Its Position in Shopping Space with Major Revamp
15.5.2019
Over the course of the past decades, Alphabet’s search engine Google has pretty much taken over the online search space and has held on to the position as the preeminent search engine for many years. Google is the website to go to for almost all categories of searches, and there are very...
Israeli Spy Firm Develops WhatsApp Hack That Could Allow Them to Steal Data
15.5.2019
According to reports, the world’s biggest messaging app WhatsApp was hacked by an Israeli firm and millions of users were exposed to potential pilferage of data from their phones. Over the years, it has been a well-known security precaution for billions of smartphone users to not click on links...
US Supreme Court Allows Anti-Trust Case Against Apple to Go Ahead by Slight Majority
15.5.2019
Over the last decade, some tech companies have become so large that it is inevitable that at some point or the other, it would end up misusing its dominant position in the market. Google paid the price for its malpractices after it was hauled up by the anti-trust authorities in Europe and...
Asian Stocks Show Upward Trend as Trade War Worries Ease
15.5.2019
The US President Donald Trump seems to have softened his stand and is looking for a compromise from China that resulted in the Asian stocks rising from a 14 week low. The Asian stocks also rode high on the optimism that the Beijing government will inject more stimulus to the Chinese economy as they...
Bank of America CTO Catherine Bessant: We Haven’t Found a Blockchain Use Case in Finance
15.5.2019
Bank of America has yet to find blockchain use cases for the financial services sector, according to the bank’s CTO, Catherine Bessant
Donald Trump All Set to Sign Order That Will Ban Huawei from the United States
15.5.2019
One of the biggest fallouts from the tensions between the United States and China has been the former’s accusation against the Chinese telecommunications giant Huawei, that eventually led to its ban in America. The US authorities accused that the telecommunication equipment that is supplied...
Jet Airways Sinks Further Into the Abyss as Top Executives Start Quitting
15.5.2019
Even until last year, India’s Jet Airways was the country’s biggest privately owned airline with the biggest market share, and there was no doubt that the airline was going to continue on its growth path as the airline industry expanded in the country. However, the company’s massive debt burden...
Whole Foods, Starbucks and Nordstrom, Accept Bitcoin As Payments But Don’t Acknowledge
15.5.2019
Ever since cryptocurrencies were first created, the ultimate aim of the creators was to ensure that it became an alternative and seamless mode of payments, but that always seemed to be a pipe dream as it was not accepted as legal tender anywhere. However, the atmosphere surrounding had started...
Tech Giants Intel and Microsoft Document Big Problems With Blockchain Technology
15.5.2019
Blockchain technology has been in existence for more than a decade now, and although most people only associate it with a range of cryptocurrencies, it is important to note that the technology in itself has a far wider range of uses. According to many experts, Blockchain technology has...
CME’s Bitcoin Futures Break Records With $1 Billion in Notional Volume
15.5.2019
The world’s largest options and futures exchange, Chicago Mercantile Exchange & Chicago Board of Trade (CME Group) and its bitcoin futures contracts saw an all-time high on May 13. According to CME’s records, the exchange recorded 33,700 contracts on Monday which represented...
Digital Asset Finance Firm BitGo Announces Off-Chain Clearance and Settlement Service
14.5.2019
An off-chain clearing and settlement service has been launched by digital asset finance firm BitGo
The US Starts Legal Process To Impose Taxes On New Chinese Imports
14.5.2019
The US-China trade war which seemed to be end soon after both countries said that the talks were going in the right direction took a turn for the worse on Sunday as US President Trump in a tweet said that the talks were going ‘too slowly’ and that he would impose tariffs on $250 billion …
The...
How The Trade War With Washington Can Affect Europe?
14.5.2019
Europe is bracing for the May 18 deadline of President Trump’s imposition of tariffs on European goods especially the auto sector. Trump is likely to decide the fate of those tariffs on Saturday and that could impact the global growth and Europe’s auto sector the most. On the basis of revenues,...