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Xi Jinping's Diplomatic Outreach In Latin America Amid Tensions With The U.S. 11/17/2024

Climate Finance At A Crossroads: G20's Role In Tackling Global Warming 11/16/2024

U.S. Economy Shows Resilience Amid Uncertain Interest Rate Prospects 11/16/2024

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Toyota Records Third Straight Q1 Profit Record Even as it Loses Top Position to Volkswagen

Even as the sale went down slightly, Japanese car giant Toyota managed to beat analyst estimates to record a third straight year of record first-quarter net profit. This was possible due to the costs cuts employed by the company and the currency gains made by the company. The company recorded a...

Deutsche Bank Moscow is Suspected in Money Laundering

US Justice Department began an investigation into the Moscow office of Deutsche Bank on suspicion of money laundering, reports Bloomberg. According to the department, suspicious transactions worth billions of dollars were made on behalf of the Russian bank's customers during the year. A credit...

German Car Makers Buy off Nokia App HERE to Post Challenge to Google, Apple , Uber

In order to boost the services offer by them for car navigations and to become part of the growing bandwagon that attempts to create automated and even autonomous cars, Nokia’s mapping asses HERE would be bought over by a consortium created by the three top German car manufacturing companies -...

Fortress, Blackstone and Elliot make it to the second round of bidding for Japan’s Simplex Investment Advisors

Blackstone Group, Elliot Management and Fortress Investment Group vie for a pie of Tokyo’s real estate. According to three people in the knowledge of these matters, three U.S based investments groups have been shortlisted for the second round of bidding to acquire Japan’s Simplex Investment...

World’s first Libor trial finds Former Trader Hayes Guilty

A former UBS trader was sentenced to 14 years imprisonment on charges of manipulating an important interbank interest rate. This is the first occasion that someone has been found guilty and sentenced to imprisonment under Libor Trial. This verdict, passed by a London jury marked a new...

European specialized distribution looking for growth relays

Offer diversification, cross-channel distribution, user experience renewal… Specialized distribution is honing its weapons in the face of web-based omni-distributors and new client expectations. Quality, diligence and diversity are the new key words. E-commerce is putting traditional distributors...

Global technology Firms Flock to Invest in Indian E-commerce market, Snapdeal the latest beneficiary

Stamping a nod on the growth of the online retail market in India, global giants in online retail and allied industries and banks are queuing up to finance Indian online retail companies. In one such reported deal struck by India’s leading online retail platform, Snapdeal, has finalized a $500...

Facebook’s Appeal to Protect Users Information from Search Warrants Without Informing Users Turned Down

While showing their concern and attempting to stall an attempt by the law enforcement agencies to gain access to information about some 381 users, there is enough doubt whether Facebook arguably the most popular social media site, would be able to ward off the attempt. This question arose...

EU Questions Proposed TNT Acquisition by FedEx, Initiates In-Depth Investigation

Amidst allegations of breach of European Commission’s fir competition laws, the Commission has initiated an in-depth investigation to assess whether the proposed acquisition of TNT Express by FedEx Corporation is in line with the EU Merger Regulations. Both TNT Express and FedEx Corporation are...

Health Care Meets technology: CVS & IBM Join Hands to Provide Better Helath Care

Using advanced technology, CVS Health and IBM came together to create a combined force to improve health care management services to patients with chronic diseases . Both the companies jointly made the announcement on Thursday. The practitioners and pharmacists of the health care company CVS...