The advisory firm Duff & Phelps claims that amidst a global trend of a global slowdown in 2017 with respect to corporate deal making or mergers and acquisitions as reported by many studies dwelling into the aspect of tracking of mergers and acquisitions, there is one country that has proved other wise and reported such…
While the global car-based “mobility services” as an industry generated zero revenues about a year ago, it is predicted to reach values of trillions of dollars by the year 2040 and China will lead the market in this significant transformation. This was revealed in a report titled Reinventing the Wheel: Mobility and Energy Future, by HIS…
Far Eastern International Bank had deficiencies in the way it implemented SWIFT, a banking software, which North Korean hackers exploited to steal $60 million. On Tuesday, Taiwan’s financial regulator fined Far Eastern International Bank $266,524 (T$8 million) for deficiencies related to its SWIFT system hacking incident. The fine comes in the wake of Taiwanese local…
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…
There is a “diverse” bacteria collection abroad the International Space Station, shows a new research, while being miles from the Earth. The research also noted remarkable similarity of the micro-organisms micro-organisms found at homes on earth with those found on the space station. These were among the most important finding of a study that examined…
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