Morgan Stanley’s altered payout grid pushes advisers in the lower rung to work harder in 2020 to earn the same amount as they did in 2019. On Tuesday, November 19, 2019, Morgan Stanley pushed the financial advisers to either “generate more revenue or get customers to sign up for comprehensive...

The U.S. Department of Commerce has extended 90-day authorization for US companies to partner with Chinese telecommunications company Huawei Technologies. This was reported by the press service of the department. This will allow operators to continue to serve customers in some of the most remote...

The auto industry is taking the race to reach first the Chinese market with their respective EV products very seriously. Here is another development in the competition to release electric vehicles in China, as Volkswagen AG and SAIC Motor Corp Ltd have begun their “$2.5 billion electric vehicle”...

Facebook adds Whatsapp in its e-commerce run as it seeks to monetize its “high-growth” services for revenue boost. Last week, Facebook Inc introduced a catalogue for the WhatsApp messaging app, owned by the social media giant. The former had purchased the latter for “$19 billion” in 2014, while the...

Japanese internet portal Yahoo Japan, owned by Softbank, and the operator of the popular messenger Line Corp. reached an agreement on merger. Yahoo Japan, now called Z Holdings Corp last month, and Line are planning to finalize the deal next month. Under the terms of the deal, Sofbank and South...

Tesla intends to invest €4.4 billion in its first European plant, which will be built in Berlin, reports Bild am Sonntag. The plant will produce batteries and electric cars of the company. Production of cars will reach 150 thousand cars a year, the publication says. The company plans to hire 3...

After having announced its decision to ban all political ads on its platform, the social media giant Twitter now has the tough task of actually putting out a policy even while facing potential protests and questions about its policy. The announcement was made about two weeks ago by the company CEO...

According to reports, an extension for two week for a license to American companies will be given by the Trump administration to allow them to do business with the Chinese tech giant Huawei, which has been blacklisted by the US government.     However, this two week time period is way...

Net profit of Danish company A. P. Moller-Maersk A/S (Maersk) totalled $17 mln in January-September against $3.15 bln in January-September 2018, according to the company's financial statements. Revenue increased by 0.6% to $29.222bn, EBITDA - by 1.6% to $4.249bn. Including the net profit in the III...