The Deutsche Bank AG has a plan to reduce its operations in the United States according to sources who have bene quoted in the media, and as a part of that plan, the lender is set to lay off dozens of its employees and is to and consolidate its space at its Chicago office. The…
China has to face some challenges to maintain its economic growth rate over the 5 per cent mark through the next few years. The second largest economy of the world should not pin its hopes only on the continuance of the recovery of the global economy to drive its economic growth. But it is a…
Analysts at UBS said in a note Friday that if the current trade tensions between China and the United States enhances further and turns into a full-blown trade war, there can be steep drops in global stock markets which would not be desirable for investors. The Swiss bank had estimated through its calculations that profits…
A first systematic analysis has revealed has noted that damaging impacts of humanity have impacted about 87% of the world’s oceans. There is virtually no ocean that remains that is able to harbour naturally high levels of marine wildlife except for some of the remotest areas of the Pacific Ocean and the poles. the researchers…
The prices of carbonated drinks would be increased by Coca Cola, the company announced on Wednesday, and United States President Donald Trump’s trade war was partly responsible for the move by the global confectionary company, said its CEO James Quincey. Quincey blamed “broad based” cost increases for a price hike that is most likely during an earnings…
A declaration that highlights and underscores the importance of an “open world economy” where there is benefit for countries from globalization was signed by the leaders of the Brics emerging economies. An “open and inclusive” multilateral trading system as dictated by the World Trade Organization rules was also supported by Brazil, Russia, India, China and…
The founder and the former chairman of the pizza chain Papa John’s wants access to documents relating to his exit form the company and has moved court for this purpose. Earlier this month, founder of the firm John Schnatter had to resign from the company following his use of the N-word during a conference call.…
There has been a sharp decline in the operating profits of the Finnish information technology company Nokia for the second quarter of the current year. This was announced by the company in its interim report filed by the company earlier this week. There was a fall of a very significant fall of 42 per cent…
Google released a USB key that has been developed inhouse by the tech giant and which, the company said, would be helpful in enhancing the security of online login for its users. This new solution developed by Google is being described as an innovative approach that is very contextual of the current times and has…
Auto maker Ford will spend about $11 billion in its efforts to bringing in big changes to its core auto business in the years to come. The company however did not provide much details of the planned change sin its business operations. But the development of self-driving cars has become one of the primary focuses…
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