Saudi Aramco would be now allowed to list its shares at the London Stock Exchange after a new category was been approved for companies that traded on the LSE. There have been accusations against the LSE that it loosened corporate governance rules so that it can accommodate very large listing. The move put the “UK’s…
Xiaomi reported a loss of 43.89 billion yuan loss for 2017-2018. In the current financial year, 2018-2019, for the first quarter. it has reported a loss of 7 billion yuan. According to a draft prospectus, China’s Xiaomi has reported a $1.09 billion (7 billion yuan) loss ahead of its initial public offering (IPO). In 2017,…
The usage of temporary workers at Foxconn’s plants have been an issue that has dogged the world’s largest contract manufacturer for many years now. Following a report by a U.S. watchdog that working conditions at one of Foxconn’s factory in China, which makes devices for Amazon, was harsh, Foxconn, also known as Hon Hai Precision…
The hack occurred over the weekend. Coinrail has temporarily suspended trading in the virtual currency exchange. On Monday, with Coinrail, a South Korean cryptocurrency exchange, disclosing that it was hacked during the weekend, there followed an extended sell-off of bitcoin which saw it touch its 2-month low. In recent given the number of hacks involved…
The first insulating molecule which is believed to be more effective than a vacuum barrier has been developed by a team of international researchers and scientists consisting of scientists from Denmark, China and America. The new discovery is believed to be bale to make transistors in a computer chip much smaller and yet more powerful.…
In what is being considered to be one of the largest funding rounds for an unlisted group, a $14bn funding round was recently closed by Ant Financial. This funding tound has raised the valuation of the payments affiliate of Chinese tech giant Alibaba at over $150bn on a pre-money basis. Compared to the market cap…
Although many app-only banks have sprung up across Britain, Revolut outshines the crowd since it is the digital bank to integrate an investment platform into its app alongside everyday banking services. On Thursday, Britain’s digital-only bank, Revolut, stated as part of an efforts to further bring innovation and competition into the financial services sector, it…
Trump’s solar tariffs are likely to impose a high cost on the U.S. economy in the short term. In the long run, job creation is likely to be minimal since plants are increasingly moving towards automation. With U.S. President Donald Trump imposing stiff tariffs on solar panels, U.S. renewable energy companies have had to either…
TolunaInsight, which is being considered to be the industry’s first comprehensive, automated platform that offers consumer insights in real-time has bene launched by Toluna, as a part of its corporate rebrand that seeks to focus on the value proposition and market position of the firm. According to the company, this launch has helped the company…
There is requirement for diligent governance of municipal technology with the integration of connected technologies in smart cities as such cities strive to function more efficiently and enhance its q1uality of service. A new research on smart cities conducted by ISACA identifies a number of crucial aspects for consideration with respect to issues of security…
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