Any more rate cut by the central bank of Europe could do more harm than good, warned Germany’s top banker. “It will have serious side effects,” Deutsche Bank CEO Christian Sewing said Wednesday at a banking conference in Frankfurt. When the European Central Bank meets later this month, both investors and companies expect that there…
Controversy has struck the Spanish retailer Zara in China after the company decided to keep some of its stores closed in Hong Kong when the island city was expected ot experience violence because of the pro democracy protests. A call for the boycott of the company has been given by thousands of Chinese on social…
When the work place sharing company WeWork had acquired he trade mark “We” from the company’s founder and CEO Adam Neumann, he had been paid for it. Neumann has now returned about $5.9 million worth of stock which was paid to him originally as compensation for acquiring the trademark. It had was unwinding the agreement…
A law suit that is aimed at preventing the proposed acquisition of Aleris Corp by Novelis Inc’s in a deal worth $2.6 billion was filed by the United States Justice Department on Wednesday over concerns that the merger could result in increased costs for aluminum sheets that are used to manufacture cars in the country.…
During the last two years, there have been sustained attempts to hack iPhones, evidence of which has been found by security researchers at Google. According to Google, websites which would inconspicuously embed malevolent software to access contacts, images and other data were used by the hackers to carry out the attempted hacks. Users had reportedly…
The largest retailer of the world Walmart has just opened up a new clinic called Walmart Health in Georgia which is being viewed as the a part of the efforts of the retailer to get deeper into the primary care and mental health market. The company website was recently updated and a link to Walmart…
While promising changes in its policies, an apology was tendered by Apple over the issue of allowing third party contractors to listen to the commands that users of its voice assistant Siri gave to it. Following a report in the newspaper The Guardian last month, this practice of Apple, which the company claimed was aimed…
A consortium of funders of an academic project have threatened to stop supporting the social media company if it does not provide the data it promised to academic researchers by September 30, according to a report published in BuzzFeed News. According to the report, this warning has been issued by a statement from the Social…
South Africa’s Standard Bank plans to reach out to millions of small shop owners and other informal retailers across the continent through taking up a stake in local fintech firm Nomanini so that it is able to offer credit to the targeted market. An investment of $4 million in Nomanini has been made by Africa’s…
It was a great opening of its first store in China for the United States based hypermarket chain Costco Wholesale Corp in the Shanghai city of the country if the interest and enthusiasm of the customers is considered. According to the Chinese state media, the first store in the high tech city of China had…
