This conclusion was made by Sabine Lautenschlaeger, director at the European Central Bank, to an audience in Sydney. On Wednesday, Sabine Lautenschlaeger, European Central Bank director stated, the majority of London-based banks relocating to the Eurozone due to Brexit, have made “reasonable progress” in preparing the move. “We have urged and pushed them (banks) to…
An activist investor of the British online takeaway service platform Just Eat is putting pressure on the company get merged with a rival instead of the company looking for and appointing a new chief executive. An open letter, demanding a merger with another online food delivery company within the next few months, was sent to…
How would one react if someone said that a new dating application has been developed for animals? While some could be amazed, some could just term the concept to be fictional. But the latest matchmaking app that has been developed is indeed for animals. This app, which has been developed by UK farming start-up Hectare,…
In its attempt to further crack down on “fake news” just ahead of the crucial national level elections in India, social media giant Fecebook has said that it is further extending its fact-checking programme in India through third parties by involving very well known media names such as the India Today Group, Factly and Fact…
The growth for the French cosmetics giant L’Oreal for 2018, as reported last Friday, was the highest for the company in more than a decade. This growth was primarily driven by very strong growth in its new markets with a 24 per cent gain in sales in the Asia-Pacific region. There is currently no worry…
The computer network of the Australian parliament was attempted to be hacked which is being investigated by security authorities of the country. While there was “no evidence” that hackers have been able to access or steal any information, said the lawmakers, but their passwords are being changed as a precautionary measure. The attempt to hack…
The global furniture retailer Ikea is attempting to become more environment firnedly. As a part of its this effort, the company is testing out the possibility of offering used and patched-up furniture to customers in the UK. The first attempt for the sale of old and used furniture was made in Edinburgh as a pilot…
With the aim of bringing down its $50 billion debt burden that it had acquired in recent years, the US based computer manufacturer Dell Technologies Inc is contemplating selling off its U.S. provider of cybersecurity services – SecureWorks Corp. The current market valuation of SecureWorks is estimated to be about $2 billion according to a…
Thailand is more sensitive about the price of setting up its 5G networks than its national security. On Friday, despite calls from the United States to to its allies to bar China’s Huawei Technologies from building next generation mobile networks, Thailand launched a test bed for the Chinese telecom giant. Huawei is facing growing pressure…
The move is clearly aimed at boosting shareholder returns. On Friday, Sony Corp announced its first-ever major share buyback worth $910 million (100 billion yen). With the news reaching the market, its stock recovered from a hammering from investors who were spooked over its lackluster earnings. Sony’s announcement marked Japan’s second major buyback this week:…
