Another referendum for Brexit needs to be held by England, believes the chief executive of Goldman Sachs, Lloyd Blankfein. Mr Blankfein tweeted: “Here in UK, lots of hand-wringing from CEOs over #Brexit… So much at stake, why not make sure consensus still there?” There are about 6,000 employees of the frim in London and it…
ETLA, Finland’s business backed economic think tank has claimed that despite the Chinese economy slowing down slightly, growth in Finnish-Chinese economic relations has significant and viable potential. “The Lion and the Dragon” is the name that has been given to the relations between the two countries and in recent years there has been a wide…
The 13th annual Organized Retail Crime (ORC) study that was released by the National Retail Federation found that there was a continued growth in organized retail crime in the past year and 67 percent of retailers who were surveyed said they had seen an increase in the same period in the U.S. In the past year,…
While Elon Musk has traditionally managed to win over investors with his visions, winning over analysts promises to be a lot harder. Here’s why. In an interesting tun of events, Tesla Inc upstaged the debut of its own electric heavy duty truck by showcasing a brand new $200,000 red roaster sports car which Elon Musk,…
Russia is ‘seeking to undermine the international system’, says the head of the UK’s National Cyber Security Centre. For the first time, the head of the UK’s National Cyber Security Centre has confirmed that energy companies, telecoms and the British media were attacked by Russian hackers. No further details were provided by Ciaran Martin, the…
The first quarter of 2018 will see a 2 percent rise in the number of mergers and acquisitions (M&A) globally compared to what was seen in the same period in 2017, predicts the Intralinks Deals Flow Predictor, an indicator for future M&A announcements. Historically low interest rates, a buoyant asset market, low rates of inflation in…
The $20 billion mega deal of Boeing Co was dethroned by rival plane maker Airbus SE as the later secured the largest ever commercial plane transaction in its history – an almost $50 billion deal with at the Dubai Air Show for single-aisle aircraft. Airbus had been trailing its rival at the Gulf expo and…
General Motors plans to make a profit from the manufacture of a new family of electric vehicle which the company wants to launch in 2021 and will be less costly to make, said the Chief Executive Mary Barra of the No. 1 U.S. automaker. Reporting the largest ever quarterly loss recently was Tesla – a…
The report by Brookings Institution is an eye opener. Brookings Institution, a Washington think tank, has conducted a study which concludes that digital tools are increasingly playing a pivotal role in transforming every workplace across industries in the U.S. According to the study, the usage of digital tools has increased dramatically in 517 of 545…
Companies across the global are pushing the advance of AI-based deep learning for facial recognition technology. The multi-billion dollar industry is seeing rapid adoption by China as it tries to enforce a rigid framework on its citizens much like its firewall which limits its citizens’ usage of the internet. On Wednesday, the SenseTime Group, a…
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