A new report from Wealth-X, a firm that tracks global wealth, concluded that there was a 2 per cent growth in the number of wealthy individuals as well as in their collective wealth globally. In 2018, the number of high-net-worth individuals globally was 23 million and they had a combined wealth of $62 trillion. The…
According to a report published in the Handelsblatt newspaper, with the aim of keeping Chinese telecommunication equipment manufacturer, the largest in the world, away from participating in the bidding process for the construction of the state of the art 5G network in Germany, the government there is trying to find out stricter security requirements and…
Missing revenues forecasts and sales targets is adding pressure to Cupertino’s human resource management strategy for 2019. As per a report from Bloomberg citing sources familiar with the matter at hand, Apple Inc is set to cut hiring for some of its divisions. The development comes in the wake of Apple Inc missing its sales…
A report by a top government-linked think tank has listed out foreign companies that have used “incorrect labels” while referring to Taiwan and Hong Kong. The report has prompted a stern reply from Taipei. In a development that marks China’s growing pressure tactics on Taiwan and Hong Kong, in a report, the Chinese Academy of…
The final design review process is a milestone for Boeing and Lockheed Martin’s alliance. A successful launch will mean the U.S. will not have to rely on Russia’s RD-180 engine for critical national security missions. In the space launch services market, Lockheed Martin Corp and Boeing Co are set to conduct a final design review…
A new artificial intelligence centre at its Tubarao site in Vitoria, Brazil has been opened by South American miner company Vale which is the amongst the largest mining companies in the world. The aim of setting up the center for the company was to “leverage the adoption of innovative and disruptive technologies in all areas…
The development marks Blockchain’s technology’s growing traction in the financial industry. In a development that marks Blockchain’s growing traction in the asset management industry, HSBC stated it had settled forex trades worth $250 billion (£194.15 billion) using blockchain in 2018. The development assumes significance since until now this sector had hesitations on embracing blockchain technology.…
According to news reports in the United States, the San Francisco utility company PG&E Corp could be headed towards bankruptcy because the company is facing possibility of liability for recent California wildfires worth billions of dollars. The organization has almost 16 million customers in central and northern California and the CEO of the company had…
Following the announcement by a Polish official that the country could reduce the amount of products of Chinese tech company Huawei by its public entities after a Huawei employee was arrested on allegations of spying in Poland, China said on Monday that “fabrications” about Huawei should be put to an end by countries The relationship…
There can an exodus of foreign executives working in the Japanese auto maker Nissan linked to the former and now jailed boss o f the company Carlos Ghosn, warn industry analysts following the sudden resignation of Jose Munoz who is amongst the highest-ranking foreign executives working with the company. This, they say, can be a…
