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Rising Trade Tensions Threaten Asia's Economic Growth And Global Supply Chains 11/19/2024

ECB Sounds Alarm On AI Stock Bubble: A Looming Threat To Financial Stability 11/21/2024

U.S. Telecom Hack Exposes Major Security Vulnerabilities In Global Telecom Infrastructure 11/22/2024

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Business & Finance

Siemens to invests $ 5.6 billion in Argentina

German industrial conglomerate Siemens AG has signed an agreement of intent to participate in Argentinian transport, energy and infrastructure projects in the amount of $ 5.6 billion. This was announced by the company’s Chief Executive Officer Joe Kaeser. According to Kaeser, President of Argentine...

Video sharing services in Europe will be obliged to increase payments to copyright holders

Forthcoming reform of European copyright legislation will make video hosting websites pay greater contributions to musicians and record companies. The paper also demands that producers and publishers inform authors and performers on amount of profit derived from their works, reports BBC News....

Ford Expects A Drop In Its Next Year’s Financial Performance

2017 may not be as shining for Ford’s financial activities in comparison to 2016. Last week, the Company of Ford Motor informed that the company’s upcoming year of 2017’s “financial performance” will be dull in comparison to its current year’s performance. The degradation in performance will be...

Bayer To Take Over Monsanto For ‘$66 Billion’

The world leader in seed market will soon be acquired by Bayer. According to the Reuters reports, on Wednesday, 14th September 2016, Bayer informed that it succeeded in taking over the management of Monsanto for a “$128 per share offer in cash”, whereby the total value counting the debt equals to...

SolarCity Collects ‘$305 Million’ To Fund Its Solar Panel Installation

Funds are available for SolarCity to carry on its “solar projects”. SolarCity Corp installs solar panels, whereby the company is in the process of being acquired by Tesla Motors Inc. The said transaction will cost the latter “$2.6 billion”, while the reports state that “$305 million” has been...

Electricity Industry Harnessing Bitcoin Technology to Revolutionize

Shaking up the way payments are managed every time a light switch is flipped, bitcoin technology is starting to seep into the electricity business. As a replacement for slower administrative systems that require constant human input and multiple spreadsheets, researchers and utilities,...

Recall Crisis for Samsung Results in Wiping out of More than $14 billion off Shares

After Samsung urged Galaxy Note 7 users to switch off and return their devices following reports batteries in the handsets were catching fire, the South Korean company’s shares fell nearly 7 percent to hit their lowest level in two months. Amid increased concern from investors over the...

Rescue Mission Will Not Be Altered Post The Exit Of Monte Paschi’s C.E.O

Amid the capital raising initiative, the Italian bank copes with the resignation of its C.E.O. The rescue mission of Monte dei Paschi, the Italian bank remains unchanged even after the C.E.O resigned last week. In an attempt to ward off the risk of getting injured, the bank is working on a...

AB InBev could see more deals After Buying SABMiller

There could be more smaller deals for Anheuser-Busch InBev involving Castel Group, Coca-Cola and Anadolu Efes once it seals its 79 billion pound (a$104.8 billion) takeover of rival brewer SABMiller. To speed approval for one of the biggest deals in history, agreements to sell SAB's brands...

Net loss of Tata Steel increased tenfold

Indian Steel group Tata Steel Ltd. increased its net loss in the I fiscal quarter tenfold as a result of lower demand and losses related to business in the UK. Net loss in the April-June amounted to 31.83 billion rupees ($ 476 million) compared with a loss of 3.17 billion rupees in the same period...