A warning from the International Monetary Fund said that the world’s trade system would be undermined and the U.S. economy could be hurt by the trade policies of the Trump administration. A trade war would result in “losers on both sides” and can present a “serious” impact, said IMF Director Christine Lagarde. This caution was…
In the next two years, about 4600 jobs would be lost at engineering firm Rolls-Royce as a part of a large reorganization in the company. The burnt of the hit is to be borne by middle managers and back-office staff with the possibility of its Derby base getting hit hard. Civil aerospace, defence and power…
Facebook-owned data security app called Onavo Protect could be trouble because of the decision by the social media company to limit the ability of developers to access and use data of users from mobile phones. Onavo apparently provides a free virtual private network (VPN) to its users that the firm claims helps “keep you and…
According to Japanese financial daily the Nikkei, 80 million new model iPhones is expected to be shipped by Apple this year. that figure would be 20 per cent less than the shipments made by it at the same time last year. The report was based on industry sources. The newspaper reported the suppliers of the…
Saudi Aramco would be now allowed to list its shares at the London Stock Exchange after a new category was been approved for companies that traded on the LSE. There have been accusations against the LSE that it loosened corporate governance rules so that it can accommodate very large listing. The move put the “UK’s…
The first insulating molecule which is believed to be more effective than a vacuum barrier has been developed by a team of international researchers and scientists consisting of scientists from Denmark, China and America. The new discovery is believed to be bale to make transistors in a computer chip much smaller and yet more powerful.…
In what is being considered to be one of the largest funding rounds for an unlisted group, a $14bn funding round was recently closed by Ant Financial. This funding tound has raised the valuation of the payments affiliate of Chinese tech giant Alibaba at over $150bn on a pre-money basis. Compared to the market cap…
Fujifilm CEO Shigetaka Komori said in an interview that the only way the U.S. office equipment firm Xerox would be bale to survive in the fiercely competitive global market is a takeover by Fujifilm Holdings. However, the Japanese company is also preparing itself for the eventuality of the deal not taking place eventually, the CEO…
Following the comments by the CEO of Qatar Airways suggesting that women are not capable of operating the airline, the airlines is attempting to reduce the severe accusations of sexism that it has bene facing since. “Of course it has to be led by a man because it is a very challenging position”, the CEO…
TolunaInsight, which is being considered to be the industry’s first comprehensive, automated platform that offers consumer insights in real-time has bene launched by Toluna, as a part of its corporate rebrand that seeks to focus on the value proposition and market position of the firm. According to the company, this launch has helped the company…
