Credit Suisse has said that as it turned more optimistic on the region’s banking sector, and in a shift that bodes well for Southeast Asian countries, domestic demand, instead of exports, will drive economic growth in the second half of 2017. Demand from other major economies is unlikely to fill that gap that has been created by the…
With the intention of serving as a hub for scouting startup investments and acquisitions in Europe, Samsung Electronics Co.is opening up an office in Berlin. As a part of a push to invest in and acquire fledgling companies in areas such as connected appliances, AI and augmented reality, Samsung is scouting office space for next…
In response to growing stress in the market, as well as a bank-wide push for more centralized risk controls, Wells Fargo & Co is scaling back and remolding its auto lending business. According to a May 11 company presentation, over the nine months leading into March 31, quarterly originations by nearly 30 percent have already…
In the last four years the price of bitcoins have jumped by 264%. In a significant development that could lead to the widespread adoption of bitcoin technology, the global chief investment strategist for BlackRock Inc has suggested that while a loose monetary policy may have aided speculation in digital currencies, including bitcoin, the risks to…
The energy storage market is slated to grow 10 folds between 2016 to 2022, in the U.S. alone. German engineering conglomerate along with American energy firm AES Corp, have formed a joint venture to service the rapidly expanding energy storage market. Demand for large-scale energy storage is growing rapidly and the price of advanced batteries…
While it started as an auction site, 80% of its offerings have now a fixed price. On Tuesday with eBay publishing a new stream of data, the number of million euro businesses selling on its platform have grown to 1,095 from 731 in Germany last year since 2013. “Millionaire” online businesses selling on eBay have…
Defensive measures are being taken, however experts have admitted that defensive countermeasures have typically lagged behind the ability of hackers to code tools to circumvent countermeasures. As per former and current European government sources who have knowledge of the issue, hackers are persistently trying to attack critical national infrastructure across the European Union. These sources…
In one instance a cyberattack had breached the cyber defenses of a nuclear power plant. In a significant development designed to protect the homeland against cyberattacks, the U.S. Department of Energy stated it is in the process of helping U.S. firms defend themselves against a hacking campaign that is targeting power companies, including nuclear plants.…
It’s been some time now that Israel has been a mecca (pun intended) for cybersecurity and fintech startups. But with foreign companies most reaping this benefit, the country is now gearing up to harvest its tech talents. The Israeli government has let it be known that it is looking for companies to manage four of…
Sitting in for the president when he stepped away for one-on-one meetings with world leaders, Donald Trump’s daughter, Ivanka, took his seat at a Group of 20 meeting table in Hamburg. Seated between Chinese President Xi Jinping and British Prime Minister Theresa May, is Ivanka Trump sitting at her father’s place, shows a photo on…
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