As financial technology startups broaden the reach of investing services and offer lower fees than many traditional wealth manager, Betterment LLC has becomes the first independent robo-adviser to have surpassed $5 billion in assets under it active management. Since it was founded in 2008, this pioneer of automated investing has been witness to substantial growth…
As the Middle Eastern government plans to tap global capital markets for funds and improve efficiency in its most important industry, Kuwait is taking steps to sell minority stakes in units of the state oil producer. Anas Al-Saleh, acting oil minister, said that the shipping and chemical arms of Kuwait Petroleum Corp. and the sales…
Upstarts from China and Russia are aiming to take on the U.S. and European aircraft making giants in the narrowbody plane segment, the most popular type of aircraft for carriers even as Boeing’s 737 Max made its international debut this week at the Farnborough airshow while Airbus was talking up the capabilities of its single-aisle…
The change in business fortunes has been dramatic. As creditors retreated and oil companies refused to refuel its airliners SpiceJet Ltd. was fighting for survival just a couple of years ago, today the recovering Indian budget carrier is being wooed by the world’s biggest planemakers for a potential blockbuster order worth about $12 billion. Quoting…
Faebook Inc has been accused of allegedly facilitating deadly Palestinian militant attacks on their loved ones by a group of Israelis and Americans who have also filed a lawsuit on Monday seeking $1 billion in damages from one of the the largest social media platform operators of the world. Facebook has been accused of helping…
As a niche sport for those interested in seeing combatants pummel one another in an octagonal cage the Ultimate Fighting Championship seemed for years to be a curio. However an eye-popping price tag is now commanded by U.F.C. as it has become a global sports empire. People with direct knowledge of the matter told media…
As investors cheered the runaway success of Pokemon GO – Nintendo Co Ltd first long-awaited venture in mobile gaming, the company managed to bring the market-value gains to $7.5 billion in just two days as shares of the Japanese company soared again. Players are allowed to walk around real-life neighborhoods while seeking virtual Pokemon game…
As the business looks to new areas such as driverless cars and finance, Baidu – often dubbed the Google of China – will eventually expand into the U.S. and Europe. The chief executive of the Chinese search giant announced recently. Expansion was definitely on the cards, said Baidu CEO Robin Li while speaking at the…
It was a century ago that Albert Einstein had suggested that gravitational ripples through the universe like a stone disturbing the surface of a pond could be generated and sent by large-scale cosmic violence—two black holes colliding, for example. For the first time Einstein has been proven right after physicists in the U.S. conclusively detected…
Flying machines is most likely to soon deliver products to U.S. and Chinese citizens. However even though key developments have happened in the past few weeks, such service is unlikely to be nationwide with regulation still remaining restrictive. New rules on unmanned vehicles were issued by the Federal Aviation Administration (FAA) towards the end of…
