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Quantitative Easing Program Of ECB To Come To An End By 2018

$85 Billion Acquisition Of Time Warner Closed By AT&T A Day After Court Ruling In Its Favor

Reader's Pick

$2.3 Billion EMI Deal To Make Sony The Largest Play In Music Publishing Industry 05/22/2018

Drone Startup Kittyhawk To Get Investments From Boeing HorizonX Ventures 06/08/2018

$18 Billion Chip Unit Sale Of Toshiba To Bain Consortium Approved By China 05/18/2018

OECD Says British Economic Output Depressed By Brexit Concerns 05/31/2018

Strong Fourth Quarter Growth Reported By Lenovo For FY17/18 05/24/2018

Latest Business News
Quantitative Easing Program Of ECB To Come To An End By 2018

Quantitative Easing Program Of ECB To Come To An End By 2018

Markets

Following its confidence that there has been significant progress made for achieving a sustained adjustment in inflation in eurozone and one which is also sustainable, the European Central Bank (ECB) announced its decision to completely end its huge asset purchase program that was a part of the crisis-era stimulus strategy, by the end of this year.   The bank announced that it would reduce...
$85 Billion Acquisition Of Time Warner Closed By AT&T A Day After Court Ruling In Its Favor

$85 Billion Acquisition Of Time Warner Closed By AT&T A Day After Court Ruling In Its Favor

M&A

Following indications that no delay is being sought by U.S. antitrust regulators, the $85 billion deal to acquire media company Time Warner Inc was closed on Thursday by AT&T Inc which is the second largest wireless carrier in the U.S.   President Donald Trump had opposed the deal after it was announced in October 2016. AT&T was subsequently taken to court by the Justice Department...
9% Tesla Employees To Be Laid Off By The Company

9% Tesla Employees To Be Laid Off By The Company

Companies

Electric car maker Tesla has announced to its employees that there would be a 9 percent cut in its workforce where the jobs cuts would mostly be done for salaried positions.   At present, there is about 46,000 employees with the company and it has hired about 8000 of them this year itself. About 4,100 jobs would be shed through this reorganization.   Announcement that Tesla was...
Court Clears Path For AT&T To Buy Time Warner, Overrules Trump Opposition

Court Clears Path For AT&T To Buy Time Warner, Overrules Trump Opposition

M&A

A wave of possible corporate mergers would begin after the court approval of the AT&T Inc deal to take over Time Warner Inc for $85 billion. The court decision was also a strong rebuttal of the effort by the U.S. President Donald Trump’s administration to prevent the merger.   The deal could be closed as early as next week. this deal is viewed to be a crucial one for the U.S. media...
Advertisement Issued By Facebook Seeking 'Fake News' Fact Checkers

Advertisement Issued By Facebook Seeking 'Fake News' Fact Checkers

Companies

Following accusations of bias and the raging ongoing controversy over fake news, social media giant Facebook and put up an advertisement seeking applications for “news credibility specialists” for checking the facts of content that appears on its site.   The latest lob listings were posted by Facebook last week. it has been almost two years that the company did away with its “trending”...
Reduction Of Musk’s Pay, Overhaul Of Tesla Board Sought In A Shareholder Lawsuit

Reduction Of Musk’s Pay, Overhaul Of Tesla Board Sought In A Shareholder Lawsuit

Management

A law suit filed against founder, CEO and chairman of Tesla Inc Elon Musk and the board of the company has claimed that in order to better protect the interests of the shareholders and the investors in the electric car making company, the multi-billion dollar compensation package for Musk should be withdrawn and the board of the company should be overhauled.   The law suit alleged that...
Drone Startup Kittyhawk To Get Investments From Boeing HorizonX Ventures

Drone Startup Kittyhawk To Get Investments From Boeing HorizonX Ventures

Companies

The HorizonX venture capital arm of Boeing will make a significant investment in a San Francisco startup called Kittyhawk that is engaged in offering end-to-end software solutions for autonomous drone operations, the aircraft maker announced recently.   This investment was made while Boeing was participating in a seed funding round worth $5 billion that was led by Bonfire Ventures and...
The Race To Replace Facebook Will See Markethive Taking Part

The Race To Replace Facebook Will See Markethive Taking Part

Markets

An alternative to the Facebook system will be built by Markethive, a "Market Network" with help from a group of angel investors who are offering it a significant investment fund as the firm announced its official entry into the "Open Book Challenge".   As an advanced social network, Markethive's Market Network is being perceived to be an alternative to Facebook as well as LinkedIn. ...
Coders Of The Future Is Being Created By A $5 Computer

Coders Of The Future Is Being Created By A $5 Computer

Markets

Modern life is all entrenched by technology.   But there are many who find it very hard to lay hands on cutting-edge devices which can help them in the development of their skills and knowledge.   With this consideration in mind, the access of such people to computers is being attempted to be broadened by British charity the Raspberry Pi Foundation. The organization is attempting to...
Southeast Asia Expansion Plans Laid Down By Office-Sharing Firm WeWork

Southeast Asia Expansion Plans Laid Down By Office-Sharing Firm WeWork

Companies

Southeast Asia is the new targte market for expansion for the U.S. based office sharing firm WeWork. The company is looking to aggressively expand into this region.   The company had first set foot in this market in December last year with the setting up of a bran din Singapore. The company which is based in New York is known for its spacious buildings which comprises of private offices...
Four Chinese Companies Were Given Access To Some Data, Accepts Facebook

Four Chinese Companies Were Given Access To Some Data, Accepts Facebook

Markets

Four Chinese companies are among those with whom Facebook has data sharing partnerships. The list includes Huawei which is the third largest smartphone manufacturer in the world and one which has faced flak from the US intelligence authorities on issues of security.   The other three Chinese companies are computer manufacturer Lenovo Group, and smartphone makers OPPO and TCL Corp and are...
Manufacturing Sector Growth Index Indicates Reversal Of Slow Growth In British Economy

Manufacturing Sector Growth Index Indicates Reversal Of Slow Growth In British Economy

Markets

Data from the manufacturing sector of the United Kingdom suggests that there could be a reversal in the poor performance of the British economy during the first quarter of the current fiscal year. the data was released on Friday.   A strong performance in the second quarter is being put in by the manufacturing sector in the economy as suggested by Markit/CIPS manufacturing sector survey...

World

Beijing Wants US Troops To The Korean Peninsula In Exchange For North Korea Peace: Analysts

Beijing Wants US Troops To The Korean Peninsula In Exchange For North Korea Peace: Analysts
According to analysts, China would be closely watching the scheduled meeting between United States President Donald Trump and North Korean leader Kim Jong Un in Singapore with an ultimate aim of...

Trump Hints Possibility Of Singapore Meet, Says 'Very Productive' Talks With North Korea Ongoing

Trump Hints Possibility Of Singapore Meet, Says 'Very Productive' Talks With North Korea Ongoing
Even after willing away the proposed summit level talks between him and the North Korean leader Kim Jong Un, U.S. President Donald Trump has against said that dialogue with North Korea has been...

Recent Study Warns Of Severe Food Insecurity In Many Countries Due To Climate Change

Recent Study Warns Of Severe Food Insecurity In Many Countries Due To Climate Change
The new study on climate change and its impacts that was released by the University of Exeter early this week, has warned that there are chances of more extremes of weather in the near future because...

Visa Applicants To The U.S. May Require Handing Over Their Social Media Details

Visa Applicants To The U.S. May Require Handing Over Their Social Media Details
Everyone who are looking to get a visa into the United States would now potentially hand over their social media details to the U.S. administration, according to a plan announced by the Trump...

More U.K. Diplomats Expelled From Russia, Diplomats Of Other EU States Also To Be Expelled

More U.K. Diplomats Expelled From Russia, Diplomats Of Other EU States Also To Be Expelled
A day after 60 U.S. diplomats were asked to get out of Russia, the country asked the U.K. to reduce its diplomatic mission in the country to as low as possible. This measure – which was expected, has...

People

10-Year Term For UK Hacker Selling Stolen Private Data Of Customers Of High Street Brands

10-Year Term For UK Hacker Selling Stolen Private Data Of Customers Of High Street Brands
A jail sentence of 10 years has been awarded to a U.K. hacker who take orchestrated cyber attacks on a number of companies before customers’ data was sold by him on the dark web.   High street...

Finland’s Universal Basic Income Test Fails; Not An Alternative For Job Displacement?

Finland’s Universal Basic Income Test Fails; Not An Alternative For Job Displacement?
There are many who believe that advances in information technologies would result in shift in employment even though they also agree it is critical in achieving greater efficiency in various aspects...

Hospital In London Turned Into ‘War Zone’ By Knife Violence: Trump

Hospital In London Turned Into ‘War Zone’ By Knife Violence: Trump
United State President Donald Trump has suggested that the anti-gun culture in the United Kingdom has resulted in a surge in the number stabbings there as he referred to a hospital in the U.K....

Survey Highlights Demand For Stricter Rules For Large Tech Companies Over Privacy Issues By Americans

Survey Highlights Demand For Stricter Rules For Large Tech Companies Over Privacy Issues By Americans
A recent national representative survey conducted on 2500 adults in the U.S. has revealed that regulation of major technology companies is desired by majority of Americans. Such tech companies also...

56% Of U.S. Married Women Believe Their Spouse Know More About Investments Than They Do: UBS Study

56% Of U.S. Married Women Believe Their Spouse Know More About Investments Than They Do: UBS Study
The reasons why men and women tend to accept financial disparity and its consequences in the USA were highlighted in a report that was published by UBS Wealth Management USA recently in a white...

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