Goldman Says War In Streaming Business Will Be Weathered By Netflix

With the likes of Disney and Apple Inc. entering the video streaming business, there are apprehensions about whether Netflix, the pioneer in the video streaming industry, be able to weather and survive the soon-to-start streaming wars. Despite the apprehensions, United States based banking and investment firm Goldman Sachs strongly believes that Netflix will be able…

NASA Targets Q1 Of 2020 To Send Manned Space Mission On SpaceX Rocket

If “everything goes according to plan” in upcoming tests, the first astronaut abroad SpaceX’s new Crew Dragon capsule will be able to go into orbit in its first manned flight by the first quarter of next year, said NASA chief Jim Bridenstine. This announcement of a revised time line for the flight shows that progress…

Renault Chief Executive Thierry Bolloré Ousted In A Corporate ‘Coup’

The chief executive of the French car manufacturer Renault Thierry Bolloré, has been unceremoniously dismissed by the company with immediate effect. The company has also appointed the current finance director, Clotilde Delbos, of the company an interim chief executive. Earlier this week, the Japanese car maker Nissan, Renault’s industrial partner, appointed a new chief executive.…

Multibillionaire Status Of WeWork Founder Adam Neumann Is Now Lost

Following the emergence of reports about the ten-fold increase in losses at the UK subsidiaries of the embattled office space company WeWork touching £76m last year, the company’s co-founder Adam Neumann is no longer a multibillionaire. It is estimated that as of March this year, the personal assets of Neumann was worth $4.1bn (£3.2bn) and…

Largest Online Sports Betting Firm To Be Created By Merger Of Paddy Power And PokerStars

With the aim of making a sizable dent in the growing sports gambling market in the United States, two of the largest brands in the online betting industry have decided to join hands and go together. The owner of the world’s largest poker site, PokerStars The Stars Group of Canada, will be bought by Flutter…