A surprise is in store following UK’s Brexit for Japanese companies which have embarked on a $210 billion global acquisition spree over the past three years. The purchasing power of local firms’ was boosted for deals abroad and potentially saving them hundreds of millions of dollars on purchases they’ve already announced as the yen soared on…
With UK voting to leave EU, analysts warn that unrestricted free flow of goods, services, materials and labor will likely cease. While many companies would be affected by this referendum, one of the US tech behemoth with global ambitions that would face hurdles in terms of complicating the expansion plans is Amazon. Opening two new…
While Brexit referendum decision by the UK voters has seen the pound touch historic lows and almost all the global markets running into negative, one derivative of the markets that has gained from the decision apart from gold is Bitcoin. Surging as much as 13 percent as the decision by the UK voters to leave…
Dutch Scientists have found that it is safe to consume crops of four vegetables and cereals grown in soil similar to that on Mars. The team of researchers and scientists from the Wageningen University in the Netherlands claimed that they found “no dangerous levels” of heavy metals in any of the samples of radishes, peas, rye…
There can be a knock-on effect throughout Europe due to Brexit regardless of the outcome of the referendum, say analysts. The consequences for the debate surrounding Brexit – irrespective of the outcome of One of the most significant referendums in recent British history, would have far reaching consequences specifically in Europe and throughout the world…
According to the head of research at the world’s second-largest sovereign wealth fund, due to the time that the market would take to absorb excess crude in storage, the global oil glut will probably persist until at least next summer. Christof Ruehl, the global head of research at Abu Dhabi Investment Authority, said Wednesday in an…
As India touts its low cost space program to lure customers frustrated by a global backlog, the South Asian country successfully launched 20 satellites on a single rocket in a display of its technological capabilities in space aviation. All of the satellites were injected into their orbits about half an hour after all of them, stacked on…
Foxconn plans bring to market products, using Sharp’s valuable patents and technology as quickly as possible and also has plans to close the costly and redundant overseas operations of new acquisition Sharp Corp. The chief of the world’s largest electronics manufacturer said this on Wednesday. The comments were made by Terry Gou at his company’s…
Bitcoin is soon becoming as safe a haven as gold, say analysts. In recent weeks there has been a rapid increase in the price of cryptocurrency. Touching levels not since February 2014, it traded above $730 per bitcoin at the end of last week. Since bitcoin shares many of the characteristics that makes the precious…
With the aim of improving vehicle safety, driver assistance systems that integrate artificial intelligence (AI) would be developed in the next five years by Toyota Motor Corp is targeting, said the head of its advanced research division. Toyota aims to improve car safety by enabling vehicles to anticipate and avoid potential accident situations said Gill…
