According to a spokesman from the People’s Bank of China, after the drop in China’s stock market the financial markets in China are safer. The Shanghai composite ended the year on Friday 25 per cent lower for the entire 2018 at 2,493.9 which marks that worst year for the index since 2008. After the index…
Britain’s trade minister Liam Fox has said that if the UK government rejects the European Union withdrawal deal next month, there is a 50-50 chance that Brexit may be stopped. “If we were not to vote for that, I’m not sure I would give it (Brexit) much more than 50-50,” Fox told the Sunday Times…
According to multiple reports, liquidating was narrowly avoided by Sears Holdings (SHLDQ) after to buy and save the company was made by Eddie Lampert, company chair, with a last-minute $4.4 billion. SHLDQ was once known for the iconic catalog and department stores that it owned. According to a report by CNBC, based on sources familiar…
Amazon is planing to expand its Prime Now service to nearly all of its roughly 475 Whole Foods stores in the country and not just limit the expansion to Western North America. According to a report from the Wall Street Journal, Amazon.com Inc plans on expanding its Whole Foods Market portfolio by adding more stores…
The U.S. District ruled in favor of Google since the plaintiffs did not suffer any “concrete injuries.” A U.S. judge threw out a lawsuit filed by consumers against Google on the grounds of lack of “concrete injuries.” A group of consumers had claimed that Google’s photo sharing and storage service violated their privacy. U.S. District…
The cyber attack caused disruption to production systems in the Saturday edition of a number of newspapers, all of whom shared a common production platform. According to a report from the Los Angeles Times, a cyber attack, that appeared to originate outside the U.S., caused significant printing and delivery disruptions at several U.S. newspapers including…
Music company HMV was sent into administration for the second time in within six years which has put at risk about 2200 jobs. At high court hearing late on Friday evening, insolvency experts from the accountancy firm KPMG as joint administrators were appointed by the company that is a music and film retailer and one…
The Chinese bike-sharing firm Ofo is now having a tough time just to afloat even though not so long ago it was flush with cash and was being termed to be a game-changing tech startup. The dockless bike-sharing concept which had gained tremendous popularity in recent years in China was created by Ofo with the…
Scientists are getting great insights into the forces which help in the development of and the evolution of new species through a research which involved the interbreeding between two species of howler monkeys which was conducted by scientists from University of Michigan (UM) in Mexico. The elements of the study included the scientists making use…
After betting big in the Indian retailing market and spending billions to create a base in the Indian market, retailing giants like Amazon and Walmart are set to face new challenges in the fastest growing emerging market in the world. This is because the two companies are now hit with new rules in India which…
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