Despite the lure of a big market, foreign companies are finding it hard to operate in China due to its asphyxiating business climate. In yet another instance which showcases how difficult it is for foreign tech service providers to operate in China, Skype, Microsoft Corp’s internet phone and messaging service has been removed from app…
It is estimated that the global market for Artificial Intelligence (AI), would increase to .1 trillion by 2024 form 126 billion U.S. dollars in 2015, says a Transparency Market Research prediction. Billionaire investor Mark Cuban says, thanks to AI, “the upcoming decade will see the greatest technological revolution in history.” Since May of this year,…
While the U.K. politicians are struggling hard to finalize a trade deal for Brexit by early next year to so that businesses’ panic are eased, it may be too late for some industries. Sources in the famed global banking sector London have said that the sector wants to make sure that they would be able…
The comeback of Detroit is seemingly entering a new phase as the once birthplace of the American auto industry and a steady producer of the manufacturing jobs which helped it to be identified as the Motor City, has been in decline for years now. And of places, an Indian automaker announced the setting up of…
Here is how how China Energy Fund Committee guided a Chinese oil and gas company to secure lucrative contracts in Chad. In a development that underscores the methods used to gain contracts, the U.S. has charged a man from Hong Kong as well as the former foreign minister from Senegalese for bribing high-level officials in…
While the move is expected to dent the already low margins of low-cost carriers, it is to be seen how it will impact inbound visitors. On Tuesday, Shinya Katanozaka, the CEO of Japan’s biggest airline by revenue stated, if Japan were to impose a departure tax on airlines, its impact will ripple though a big…
Goldman Sachs has finally decided to split it European business between Frankfurt and Paris as the bank has retracted from identifying any one single European city as its headquarters for its post-Brexit EU home. For all of the business that it would no longer be able to conduct rom London after March 2019, the German…
French Prime Minister made it amply clear that France will not tolerate any takeover which is deemed as hostile for its national industries. On Monday, French Prime Minister Edouard Philippe made it clear that the French government will put its weight behind national companies and will not allow any takeover that are deemed as hostile.…
Any kind of pressure to raise wages of employees from most of their employee was not felt by about one fourth of respondents, claimed the Chartered Institute of Personnel and Development and The Adecco Group in its newest edition of the quarterly published Labour Market Outlook. However, either some or significant pressure was felt by…
The mysterious launch of the Zuma spacecraft by the U.S. aerospace firm SpaceX was rescheduled for a later date with the aim to review “data from recent fairing testing for another customer.” “Though we’ve preserved the range opportunity for tomorrow, we’ll take the time needed to complete the data review and then confirm a new…
