Even though a number of financial regulators across the world have given a cold shoulder to the social media company Facebook’s planned launch of a cryptocurrency, it said that it would push ahead with the planned launch next year. This was confirmed by an executive incharge of overseeing the project to the Swiss newspaper NZZ.…
The proposed pay deal for the chief executive of Ryanair Michael O’Leary was opposed to by almost half of the shareholders of the company. O’Leary was proposed to be paid a compensation of €99m. The company’s remuneration report was voted in favor by only 50.5 per cent of the shareholders of the company, said the…
The now well known alternative meat products company, United States based Impossible Foods is set to venture into the area of selling its products through physical stores, with the first store of the company set to be launched in California, US, later this week. The store will deliver Impossible Burgers to customers for cooking at…
A crisis for the legal cannabis industry could occur because of the reliance of the industry on vaping for an estimated quarter of its business in some states of the United States after the recent spate of vaping-related illnesses and deaths. Some experts of the industry however are of the opinion that the issue of…
There has been an increase in demand for advice on how to handle the Brexit crisis with the accountancy and consulting firm PwC which has partly helped the firm to reach profits of more than £1bn and consequently the partners at the firm will be paid an average of £765,000 this year. An average of…
The $7 billion that is to be invested in the United States as parts of contract talks with the United Auto Workers by General Motors Co will include an all-electric pickup truck and an advanced battery system. The auto manufacturing giant and the trade workers’ union continued their talks to find a solution to end…
Citizens of the communist ruled Cuba, who have been subjected to sanctions by the US, now have a way to avoid the sanctions partly aided by the digital currency bitcoin. Advantage of innovative developments within the country is being taken advantage of by Cubans according to reports. One of the major changes has been the…
The travel and tourism firm Thomas Cook has said that currently it is focusing on completing a rescue deal even as reports are emerging that the terms of the deal could be voted against by some lenders and investors. According to reports, last stage negotiation with bondholders is being held by the troubled travel firm…
The United States Food and Drug Administration has said that US federal health officials have discovered that an impurity found in Sanofi’s heartburn medication Zantac has the potential to cause cancer. This was reveled after a probe in the issue following an alert to the FDA that was filed by Valisure, an online pharmacy company,…
Questions about whether the strategy of Citigroup Inc to focus on credit cards will be a problem for it if the United States economy slips into a recession are being asked by some Wall Street analysts. The bank however has said that it is underwriting responsibly. According to industry publication The Nilson Report, the New…
