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Xi Jinping Warns China to Brace for Tough Time Ahead Amidst Trade War
23.5.2019
The trade war between the United States and China has been an incredibly damaging one for both countries, but needless to say, it is the latter which has had a tough time during this prolonged crisis. The Asian nation had put up a brave front throughout the course of the skirmish, but in a stunning...
Novartis Gene Therapy Treatment Might Cost Much Lower than $5 million to $4 Million
23.5.2019
Swiss drug manufacturing behemoth Novartis has almost always been at the cutting edge of drug research and one of the most ambitious projects that the company had embarked on in recent years was the one related to gene therapy. Gene therapy is needed to treat spinal muscular atrophy and consists...
US Copyright Office Responds to Craig Wright’s Bitcoin Registrations
23.5.2019
On May 21, 2019, a press release was sent to a variety of publications that said Craig Wright was granted two U.S. copyrights for the original Bitcoin white paper and version 0.1 of the cryptocurrency’s code. Meanwhile, the U.S. Copyright Office specifically addressed the matter in a press...
US Dollar Sustains Two and a Half Year Highs as Trade Tensions Grip
22.5.2019
The trade war between the United States and China has possibly been the most damaging trade issue that has engulfed the world in recent years. It is only natural considering the fact that the two nations are the two biggest economies in the world and when a trade impasse of this nature takes place...
Saudi Arabia States Oil Producers are Looking to Reduce Inventories
22.5.2019
One commodity that almost always sends investors into a bit of a tizzy is oil, and due to the current fragility in the oil market, there has been a lot of concerns from investors all over the world. In a recent report, Bank of America had even stated that the price of Brent crude could …
The...
Co-Founders of TransferWise Sell Partial Stake that Now Values the Company at $3.5 Billion
22.5.2019
One of the industries that have grown exponentially over the past half a decade or so is financial technology or better known as Fintech. Hundreds of such companies have opened up all over the world which are engaged in using cutting edge technology in order to provide their users with...
Despite Pain in China, Jaguar Manages to Post a Quarterly Profit
22.5.2019
There was a time when British companies used to rule the world, but over the years, some of the nation’s most successful companies have struggled during heightened competition and iconic car manufacturer Jaguar is certainly one of them. The economic slowdown in China over the past few months...
US Reprieve for Battered Huawei Helps in Recovery of Tech Sector Stocks
22.5.2019
Huawei is the world’s biggest supplier of telecom equipment, but over the past few months, the company has been in absolute turmoil as the American authorities accused that the company’s equipment was a vehicle for Chinese spying and eventually banned it. Additionally, the US also reached out...
Colombo Port to be built by Japan and India, Undermining China’s Belt and Road
21.5.2019
China’s rising influence in Asia and other parts of the world through its Belt and Road initiative has not gone unnoticed. The infrastructure program has come in for a lot of criticism from many nations as they claim that the whole thing is a plan from the Chinese to become one of the most powerful...
10% White Collar Jobs to be Cut by Ford Motors in a Major Revamp
21.5.2019
As far as car manufacturing giants are concerned, Ford Motors is in a league of its own, and over the past decades, the iconic company has expanded aggressively in a range of markets. However, it has generally had mixed results with regards to its global adventure, and after years of reversals...
As HSBC Guns for More Market Share, More Tech Jobs To Come Up in China
21.5.2019
HSBC Holdings is one of the largest banking giants in the world and over the course of its history; the bank has always had a strong presence in Asia. However, the lender is not going to rest on its laurels and is looking to further consolidate its presence in the continent by adding as many...
General Motors and Honda Join Hands For Smart Grid and Electric Vehicle Research
21.5.2019
According to experts in the automobile industry, electric vehicles are eventually going to be far more prevalent in the streets across the world, and hence, it is no surprise that the world’s biggest car makers are investing heavily in EVs. While Tesla seems to be the most famous name in this...
Goldman in Talks to Buy European Budget Hotel Chain for 1.9 Billion Euros
20.5.2019
Over the course of the last few decades, Goldman Sachs has firmly established itself as the byword for shrewd investing and remains the gold standard in high finance at a global level. The bank is involved in creating highly sophisticated securities for its clients and remains the world’s most...
Leading French Asset Manager Tikehau Sells Stake to Banking Giant Morgan Stanley
20.5.2019
For an asset management company of any stripe, an investment from blue-chip banks to the world of high finance are possibly the most coveted and for French asset management firm Tikehau that was surely the case. The firm had been looking for investment and collaboration with investors from North...
Aldi: A New Giant in American Supermarket World
20.5.2019
We recently saw how Amazon and Walmart, two huge retail giants, became a part of fierce business competition. Not only these two but in today’s time, a whole lot of big firms are active players in the cut-throat competition of the retail market. In the last few years, these supermarket or retail...
Finablr PLC Lists On Main Market Of London Stock Exchange
20.5.2019
Global payments company Finablr PLC gets listed on the main market of the London Stock Exchange. The company’s shares will be listed in the premium category of the main market. As far as the world’s leading stock exchanges are concerned, the one in London remains one of the most influential...
Japan’s Topix May Increase By 15% In 2020: Morgan Stanley
17.5.2019
Morgan Stanley, a leading investment bank, is expecting the Japanese Topix to increase by close to 15% by mid of 2020. As per a report published last week, it says that the Japanese stocks are the opposite of American stocks. While the American stocks are loved, the Japanese stocks are ‘oversold...
Jet Powered 5-Seater Self Flying Aircraft Unveiled
17.5.2019
A startup company from Germany has revealed an all-electric self-flying 5 seater prototype of an air taxi. The German-based company, Lilium on Thursday announced that this taxi had made its first test flight successfully earlier this month. The aircraft took off, ran around and landed....
Brazil’s Soybean Farmers: the Big Winners of US-China Trade War
17.5.2019
The trade war between the United States and Chine has comfortably been the most significant development as far as global trade is concerned, and even after months of talks between the two nations, no resolution is yet at sight. In fact, the tensions have escalated after the two countries resumed...
American Consumers Feel The Heat Of Trade War, Walmart Raises Prices
17.5.2019
Trump’s imposition of tariffs on Chinese products attracted a retaliatory tariff hike by China on American products. The latest victim of this trade war is the average American consumer as Walmart in a statement said that it would increase prices on the items that are imported from China....