With the world threatened by global warming, France has taken the lead in making wealthy countries aware of this menace and is pushing for increased financing in projects that mitigate the effects of this risk. On Tuesday, French insurer AXA disclosed, it would quadruple its investments in environmentally-friendly projects by 2020 to $10.60 billion (9…
The new rules, likely to be effective from January 1, 2018, are also likely to attract court challenges. In a development that is likely to be a milestone for the history of the internet, the U.S. Federal Communications Commission plans on handing over the oversight of internet service providers to another federal agency, as it…
Germany’s domestic intelligence agency has warned public officials on the risks of exposure while using social media. A wake up call. In a turn of events which underscores how social media is being increasingly weaponized by countries such as Russia and China, Germany’s intelligence service has published details of social network profiles which, it says,…
While analysts and traders see this phenomenal rise as a bubble, many market participants opine that its burst will have a limited fallout given its market capitalisation. On Monday, with the price of bitcoin skyrocketing to one fifth of its value, marking a new milestone for the cryptocurrency, Asian markets climbed to a new high…
The digital goodwill impairment does not however impact its cashflow. On Friday, Swedish mobile network equipment maker Ericsson stated it may have to cash-in on a goodwill impairment in its struggling media and digital services businesses. Although the move may potentially hit its operating income, its cashflow however has been safeguarded. Ahead of the roll-out…
Frequent buyers are likely to get more discounts on banking products. Taking a cue from Amazon.com, JPMorgan Chase & Co’s chief executive Jamie Dimon stated he expects the bank to offer more price discounts to its banking customers who buy multiple products, just like the way Amazon.com does. “You are going to see more relationship…
As per the findings research firm Kantar Worldpanel ComTech, the unavailability of its flagship iPhone X has played a role in the loss of its market share. On Tuesday, Kantar Worldpanel ComTech, a research firm, stated the market share of Apple Inc’s iPhone has declined in three key regions in the world during the last…
A car’s dashboard is now becoming the new marketplace and will compete with your smartphone, tablet and laptop for your taps and clicks. On Tuesday, General Motors stated it will equip its newer cars with e-commerce technology built-in to its dashboard. As a result, drivers of its future product line will have the ability to…
Although the move has been described by Venezuela’s opposition as having no future, this is the first time that a cryptocurrency is being backed by a government. In a move designed to circumvent U.S. led sanctions and shore up its collapsed economy, Venezuelan President Nicolas Maduro announced the launch of the “petro” – its own…
The potential approval will enable easyJet to pull ahead of its peers, including Lufthansa and Ryanair. On Monday, as per sources familiar with the matter at hand, easyJet, a budget airline from Britain, is set to win an unconditional approval from EU antitrust authorities to buy parts of its German peer, Air Berlin. As a…
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