Chinese company Xiaomi has chosen Citic Securities, Goldman Sachs and Morgan Stanley as partners and sponsors to help implement the first public sale of its securities. A little later, Credit Suisse, Deutsche Bank, JP Morgan and two other Chinese banks will also join the process. Xiaomi, which in...

The world spends $ 1.69 trillion a year on military spending, and almost $ 375 billion from this amount go to purchase specific types of weapons. There is a supplier for each type of weapons, be it tanks, airplanes, missiles or military vessels. Below we will tell about the largest military...

Gem Diamond, the diamond miner, finds a rare diamond that represents only one percent of global diamonds ever found. The Gem Diamonds’ shares went up over ten percent on Monday, 15 January 2018, as the company revealed that it has “uncovered a 910 carat, colourless diamond”, being the “fifth...

After a life span of two hundred years, Carillion dissolved through forced liquidation giving way under “ballooning debt pile” as the U.K. government came to the rescue to “ensure” a continued “public services”. On Monday, 15 January 2018, Britain based “construction and services company”,...

Some business fear that the chances of slowdown or crashing of some computer systems by the fixes to combat a major microchip security flaw could prove costlier than the original problem and hence many are refraining from adopting the fixes.   There has been a scramble among businesses,...

The Brazilian rival of Uber – 99, would be taken over by the Chinese ride-sharing company - Didi Chuxing. The Chinese company already holds a stake in the Brazilian company and the deal is slated to be around $600 million, according to media reports.   Especially for Uber and Didi which are...

Generous government subsidies aimed at furthering the Norway’s lead in its policy from shifting to clean energy from fossil-fuel engines have been proving very fruitful there as I 2017, more than half of the new registrations there have been that of electric and hybrid cars.   The...

FirstNet adds to the portfolio of AT&T’s “wireless airwaves”. On Friday, 29 December, 2017, AT&T Inc informed that “all 50 U.S. states” had taken the decision of participating in the “nationwide broadband network” which is being built by the company under a “$6.5 billion government contract”....

There have been three major factors that have helped global stock markets to end 2017 on record highs. They have managed to gain about $9tn (£6.7tn) in value during the year. The central banks’ go-slow approach to easing financial support, President Donald Trump’s tax cuts and a strong global...