The practice was confined to only small to mid-size businesses. As per a report from the Wall Street Journal citing sources familiar with the matter at hand, American Express Co raised currency conversion rates for business clients without notifying its customers in advance; AmEx’s move was aimed at boosting its employee commission and revenues. The…
The deal comes ahead of the crucial upcoming American football season. On Monday, GVC Holdings Plc has agreed to enter into a joint venture with MGM Resorts International, a U.S. hotel and casino operator, to set up an online betting platform in the U.S. ahead of the upcoming American football season. Initially, GVC Holdings Plc…
Analysts at UBS said in a note Friday that if the current trade tensions between China and the United States enhances further and turns into a full-blown trade war, there can be steep drops in global stock markets which would not be desirable for investors. The Swiss bank had estimated through its calculations that profits…
A first systematic analysis has revealed has noted that damaging impacts of humanity have impacted about 87% of the world’s oceans. There is virtually no ocean that remains that is able to harbour naturally high levels of marine wildlife except for some of the remotest areas of the Pacific Ocean and the poles. the researchers…
The prices of carbonated drinks would be increased by Coca Cola, the company announced on Wednesday, and United States President Donald Trump’s trade war was partly responsible for the move by the global confectionary company, said its CEO James Quincey. Quincey blamed “broad based” cost increases for a price hike that is most likely during an earnings…
A declaration that highlights and underscores the importance of an “open world economy” where there is benefit for countries from globalization was signed by the leaders of the Brics emerging economies. An “open and inclusive” multilateral trading system as dictated by the World Trade Organization rules was also supported by Brazil, Russia, India, China and…
The founder and the former chairman of the pizza chain Papa John’s wants access to documents relating to his exit form the company and has moved court for this purpose. Earlier this month, founder of the firm John Schnatter had to resign from the company following his use of the N-word during a conference call.…
There has been a sharp decline in the operating profits of the Finnish information technology company Nokia for the second quarter of the current year. This was announced by the company in its interim report filed by the company earlier this week. There was a fall of a very significant fall of 42 per cent…
The development has given rise to expectations that Samsung Electronics can now launch its foldable screen which its mobile chief had hinted was in development; there’s every probability that Samsung could launch this device during the holiday shopping season. On Friday, Samsung Electronics Co Ltd’s subsidiary Samsung Display stated, its unbreakable, bendable screen has passed…
Google released a USB key that has been developed inhouse by the tech giant and which, the company said, would be helpful in enhancing the security of online login for its users. This new solution developed by Google is being described as an innovative approach that is very contextual of the current times and has…
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