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Latest News

Global Shipping Industry To Be Significantly Altered By Blockchain Technology

Enhanced Bond Trading Boosts Revenues Of Goldman Way Past Market Estimates

Reader's Pick

Ride Sharing Company ViaVan Launched in London 04/05/2018

Amazon Strikes Deal With Monoprix In Its Effort To Enter French Market 03/27/2018

Boeing Convinces American Airlines To Cancel Airbus Deal For Its 787s 04/08/2018

Facebook Pledges New Regulations To Prevent Protect User Data, Zuckerberg Apologizes For Mistakes 03/22/2018

Amidst Rising Global Trade Tensions, Europe Firm On Its Stand on Trade with U.S. 04/04/2018

Latest Business News
Global Shipping Industry To Be Significantly Altered By Blockchain Technology

Global Shipping Industry To Be Significantly Altered By Blockchain Technology

Markets

Millions and millions of paper documents still form the basis for operations of some of the most advanced trading networks in the world – created because of globalization de4pswite the fact that the biggest, fastest vessels and robot-operated ports and huge computer data bases are made use of in such networks.   But now the world’s most complex logistics system is set to get an upgrade by...
Enhanced Bond Trading Boosts Revenues Of Goldman Way Past Market Estimates

Enhanced Bond Trading Boosts Revenues Of Goldman Way Past Market Estimates

Companies

An increase in trading in bonds and stocks because of volatility in the market propelled Goldman Sachs Group Inc to report good quarterly results well above the market predictions and estimates.    There was a growth of 23 per cent in the average revenue from the bond trading business of the bank which stood out as the outperforming business segment for the lender in the first quarter...
Aims Of Internationalization To Take China’s Didi To All Parts Of The World

Aims Of Internationalization To Take China’s Didi To All Parts Of The World

Companies

The largest ride hailing app in the world is China's Didi Chuxing – well known now after it drove away Uber from the Chinese market. It is also the most valued startup in the world with a total worth of $56bn (£39.4bn) currently.   The company is now slowly but surely making its moves to set foot in the international market in a methodic manner.   The company is already operational...
Analysts Say Volkswagen To Benefit From Appointment Of New CEO

Analysts Say Volkswagen To Benefit From Appointment Of New CEO

Companies

According to market experts and analysts, Volkswagen could ultimately be set free from the troubles it has been facing since the "dieselgate" scandal because of the new plans by the German auto maker.   A number of changes were announced by the company on Thursday. The changes include the reorganization off the group into six businesses along with a fresh portfolio for China. the company...
IEA Says OPEC’s Effort At Production Cut Has Helped To Nearly Remove Oil Glut

IEA Says OPEC’s Effort At Production Cut Has Helped To Nearly Remove Oil Glut

Markets

According to the International Energy Agency the global oil glut is all set to be finally cleared – a problem that had resulted in the global oil industry going through its worst crisis ever since the middle of 2014, by OPEC.   The agency said that there has been a drop in global oil inventories and only about 10 per cent of its till remains primarily because of the huge production cuts...
Facebook CEO apologizes for data misuse in prepared testimony to Congress

Facebook CEO apologizes for data misuse in prepared testimony to Congress

Companies

He is "responsible for" not preventing the social media platform Facebook from being made use of for harming people including spreading of fake news, hate speech and foreign interference in elections, said CEO mark Zuckerberg ion a written testimony to the U.S. Congress on Monday.   "We didn't take a broad enough view of our responsibility, and that was a big mistake," he said in the...
News Report Says U.S. Antitrust Body Agreed In Principle To Bayer-Monsanto Deal

News Report Says U.S. Antitrust Body Agreed In Principle To Bayer-Monsanto Deal

Companies

Following news about the clearance of the acquisition of Monsanto by the German drugs and pesticides group Bayer for a value of $62.5 billion by the U.S. Justice Department saw the share of Bayer jump by almost 5 per cent on Tuesday.   According to a report by the Wall Street Journal late on Monday that quoted people with knowledge of the matter, after Monsanto and Bayer agreed to sell off...
Largest U.S. Refinery Is Being Considered To Be Considered To Be Expanded By Saudi Aramco

Largest U.S. Refinery Is Being Considered To Be Considered To Be Expanded By Saudi Aramco

Companies

The largest refinery in the United States that is run by Motiva Enterprises – a subsidiary of the Saudi Aramco – the largest oil producer in the world, will be expanded further and the Saudi oil producer took the first steps towards it late last week.   The company is planning of the construction of a multi-billion-dollar chemical plant at the Port Arthur refinery and the company now wants...
U.S.-China Spat Put Middle East As The Possible Beneficiary In Petroleum Products

U.S.-China Spat Put Middle East As The Possible Beneficiary In Petroleum Products

Markets

Even as China retaliates the U.S. announcement of tariffs on Chinese products in the same coin thereby invoking fears of the full blow trade war between the two largest economies of the world, this brewing trade war is proving to be a potential benefit for the Middle East.   Purchasers of polyethylene and liquid propane in China would be required to seek out other sources for buying the...
Boeing Convinces American Airlines To Cancel Airbus Deal For Its 787s

Boeing Convinces American Airlines To Cancel Airbus Deal For Its 787s

Companies

Airbus had been expecting to expand sale of its wide-body aircraft in the U.S. and that ambition was given a jolt after an order for forty-seven 787 Dreamliners of Boeing were placed by American Airlines Group which would be used for long-range flying and this will also expand the fleet of the airlines of its advanced carbon-composite aircrafts.   And according to a statement by the...
Crypto Currencies Get A Set Bank In India And Pakistan Due To Government Crack Down

Crypto Currencies Get A Set Bank In India And Pakistan Due To Government Crack Down

Markets

The prices of crypto currencies - including bitcoin, in Indian exchanges was slashed dramatically after the country’s central bank banned the country’s banks from retaining any relation or links with dealers of crypto currencies.   Crypto currencies were also announced not to be legal in Pakistan by the country’s central bank in a separate statement late on Friday. According to a direction...
Ride Sharing Company ViaVan Launched in London

Ride Sharing Company ViaVan Launched in London

Companies

London is soon to have another shared ride hailing service called ViaVan. This is a joint venture Via and Mercedes-Benz Vans.   The new ride sharing services can be accessed through an app which can be used by passengers to call for a shared ride. The app would match the user seamlessly with other users using a cab and in real time and are heading the way of the user. Users would be able...

World

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...

The cashless society, an epic betrayal of democracy

The cashless society, an epic betrayal of democracy
Many economic actors are in favor of an ongoing trend: the slow demise of cash, gradually phasing out of our economies, leaving its historical place to more modern, convenient and virtual methods....

Ecologists Conclude That With Temperature Rise, Weedy Bird Species Gain The Advantage

Ecologists Conclude That With Temperature Rise, Weedy Bird Species Gain The Advantage
Predominating models that are favored by ecologists is proving inadequate to predict the trends of alteration of North American winter bird communities due to climate change.   Established and...

People

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...

Surveys Show Declining Trust Of People On Facebook Over Personal Data Security

Surveys Show Declining Trust Of People On Facebook Over Personal Data Security
Even as advertisements in the name of Facebook CEO Mark Zuckerberg saying sorry for the data misuse incident filled newspapers in the United Kingdom, an survey that was released on Sunday has...

U.S. Card Consumers Remain At Risk Even After The Equifax Data Breach

U.S. Card Consumers Remain At Risk Even After The Equifax Data Breach
People are probably putting themselves at risk and not realizing it as far as identity theft is concerned.   Jeff Faulkner, acting president and CEO of the National Foundation for Credit...

Oxfam Says 82% Of Global Wealth Belongs To Richest 1%, Stresses Widening Inequality Gap

Oxfam Says 82% Of Global Wealth Belongs To Richest 1%, Stresses Widening Inequality Gap
The global charity Oxfam claimed that the amount of wealth that is present with the poorest 50 percent worldwide is owned by just 42 people.   There was a call for addressing the increasing...

$3.83 A Month Offered By Venezuela President For Pregnant Women

$3.83 A Month Offered By Venezuela President For Pregnant Women
A little additional cash is being doled out to pregnant women by the Venezuelan President Nicolas Maduro.   And the emphasis is completely on the words "a little."   A payment of...

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