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…
The first customer of Boeing to file a case over the global grounding of its 737 Max planes is a Russian company Avia that leases aircraft. In the lawsuit, Avia alleged that Boeing had misrepresented how safe the plane was to fly and thereby had breached the contract. The company, which had got into a…
The Munich-based Ifo institute said on Monday that a more than expected fall in the levels of confidence among German business was recorded during August. The business confidence index of the firm – which is formed on the basis of a survey of 9000 companies, dropped from 95.7 points in July to 94.3 points this…
The manner in which the tech giant Facebook may profile people has been severely criticized by Germany’s competition authority in what is being viewed by analysts as a clear challenge to the business model of the largest social media platform of the world. Germany’s competition authority has said that the users of Facebook have the…
Worries that China has completely given up on the chance of arriving at a trade deal with the United States and end the trade war between the two largest economies of the world were stoked after the value of the Chinese yuan dropped to a new 11-year low against the US dollar at the end…
Results of a new research that was presented at the American Chemical Society conference in California, San Diego, during the weekend claimed to be successful in deliver cancer medications through the skin via an experimental patch. The initial trials were done on mice and human skin samples. The patch based treatment targeted at melanoma, a…
It is more than once that the idea of purchasing Greenland had been floated by United States president Donald Trump. And in response, Trump’s idea has been called as “absurd” by the Danish Prime Minister Mette Frederiksen. The issue has however created a unique diplomatic tension between the two countries. But the growing geopolitical importance…
Amazon.com is increasing its footprint in physical retail business in India. According to a regulatory filing late on Thursday by Future Retail, a minority stake of 3.58 per cent in the company is set to be taken up by Amazon. Future Retail owns and operates over 1,500 retail stores in India and is the owner…
There is increasing concern among French wine-makers about the threats by United States president Donald Trump of imposing import tariffs on French wine in retaliation to the tax on global technology giants imposed recently by the French government of Emmanuel Macron. In case such a tariff is indeed imposed by Trump, it could adversely impact…
