A new report on the growth of billionaires in the world noted that a new billionaire is created China every week. The report also found that there was an increase of 19 per cent in the collective wealth of the world’s billionaires – with their accumulated wealth reaching a whopping $8.9 trillion last year. In…
48 people which include 13 senior managers have been so far sacked by search engine giant Google since 2016 over allegations of sexual harassment. Google is knowingly being harsh on people on issues of inappropriate conduct and the tech giant has decided to take a “hard line”, said the chief executive of the firm Sundar…
Nokia is planning to lat off a large number fits staff globally as the company now preparing for the fifth-generation networks, said the company on Thursday. While no details on the actual number of employees that the company was looking to lay off was provided by it, according to Dow Jones Newswires, the lay offs would…
An increase in price of aircraft fuel and higher operating expenses saw a 49 per cent drop in the earnings of American Airlines Group Inc. (AAL) for the third quarter. However, the bottom line results still exceeded the estimates of Wall Street, the top line was lower than the consensus estimates. The announcement of the…
According to reports in the media, a tip off by the world’s largest brewer Anheuser-Busch InBev to Indian authorities about its detection of a cartel in the beer industry had triggered off an investigation into beer price-fixing by Indian anti-trust body. Reports quoting sources said that there was price fixing by the Indian operations of…
The president of Toyota stressed that the British government should avoid “at all costs” a no-Brexit deal. This is the latest episode of an influential Japanese investor commenting on the future of the UK economy. The industry leader Akio Toyoda lamented that leaders from the UK and the European Union failed to come to an…
A large section of the global business world has been impacted by the disappearance and death of Saudi journalist Jamal Khashoggi. This has resulted in uncertainties about planned investments in Saudi Arabia in various partnerships and in projects related to the in banking, transportation and technology sectors. Ever since the disappearance of the Washington Post…
Interest in what is known as the “NewSpace” – creating create cheap, commercialised space travel, has caught the interest of an increasing number of entrepreneurs. Three of the top such entrepreneurs that have made a huge splash in the market include billionaires Elon Musk, Jeff Bezos and Sir Richard Branson. All of them have been…
For General Electric, the manner in which it has been delivering dividends throughout its 119 tear old history has made the once dependable company proud. However that reliability has now dwindled for GE. But now the new boss of the company Larry Culp could be forced to cut the dividend because of the financial condition…
According to a warning issued by the United Kingdom’s ferry firm Stena Line, traders could bypass Great Britain and there could be an impact on food supplies in case of a no-deal Brexit. Ian Hampton senior executive at the global ferry operator said that there is “very little readiness” at ports and “anxiety is high”.…
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