Davos does not want to call bitcoin a currency even though it agrees that it is an interesting. That is what Davos appears to be clear about when it comes to bitcoin. At this year’s World Economic Forum, bitcoin has become a major topic of discussion from being a tech industry curiosity because of the…
Electric car maker Tesla’s founder and CEO Elon Musk has set a daunting target for his company which, if achieved, would set the company among the most valued companies within the next decade and Musk has reassured the shareholders that heh would be stay with the company and keep his compensation in line with the…
The global stock market is expected to be shaken up by the sale of IPO of the government-owned Saudi Arabian Oil Co. Aramco this year, according to money managers in the Middle East. The company is slated to offer the largest IPO ever that would give a valuation of about $1.5 trillion to the world’s…
A positive investor outlook for emerging markets (EM) was recorded in a poll of poll of investment managers and financial advisors by the Columbia Threadneedle Investments. This was a sentiment that followed those economies were one of the best performing assets in 2017. The level of optimism for the EM was 45 per cent and…
Based on suspicion of dubious transaction, some of the accounts of major bitcoin exchanges in India were suspended by a number of major banks in India which included the State Bank of India, Axis Bank, HDFC Bank, ICICI Bank and Yes Bank, according to media reports quoting sources reportedly with knowledge of the matter. The…
The Trump tariffs would negatively impact the solar industry, says SunPower CEO. A trade dispute with China is being attempted to be negotiated by the U.S. solar industry with China that includes an estimated $1.5 billion held by Washington even as U.S. President Donald Trump and his administration is al set to make an announcement…
Facebook is embarking on a multibillion dollar effort to obtain streaming rights for its top-flight live sport and is slated to recruit a senior broadcasting executive to lead the effort. Facebook had become frustrated after it could not secure its $600 million bid for the steaming rights for the Indian Premier League cricket matches and…
It is very commonplace to lease a car or an apartment but it is not quite an everyday affair to lease out daily household products such as a washing machine or a lightbulb. And this is just the aim of the circular economy. This system is so designed that materials and resources are made to…
Coca-Cola intends to make plastic waste “a thing of the past” and for this purpose the company would ensure that by 2030, its bottle will be composed of an average of 50 percent recycled plastic only. The soft drink giant has pledged to its expected responsibility to “help solve” the problem of global packaging waste…
While suffering from 22 straight quarters of declining revenue, IT giant IBM has set its foot strongly in the global could computing business as it reported its first revenue growth in five and half years. The cloud revenues of the company saw a rise of 24 per cent to $17 billion in 2017 and noted…
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