Sending a clear signal to Beijing that Washington will oppose takeover deals that involve technologies with potential military applications, U.S. President Donald Trump blocked a Chinese-backed private equity firm from buying a U.S.-based chipmaker. The first announced deal for the buyout fund, which launched last year with a focus on technology investment, one of the…
While one’s personal data is worth a lot to an individual, it would be interesting to know how much worth it carries for the identity thief. According to an annual report on cybercrime by Secureworks, a unit of Dell Inc, the bitcoin equivalent of about $10 to $20 is the selling price for verified high-limit…
Analysts have conflicting views about the emerging market’s (EM) growth outlook despite the fact that this sector has continued to grow faster than developed markets and produced higher returns this year. According to a UBS report, compared to developed markets 2.25 percent, the gross domestic product growth is around 4.5 percent year on year for…
A further slide in the value of the cryptocurrency that left it over 30 percent away from the record highs it hit earlier in the month was started off after the Chinese bitcoin exchange BTCChina said on Thursday that it would stop all trading from Sept. 30. As investors and speculators flocked to domestic exchanges…
The European Union mentioned the United Kingdom once and avoided the word Brexit in a key six-thousand-word speech. redirecting all Brexit related issues to a team that only deals with Brexit has been the strategy of the European Commission – Europe’s leading Brexit negotiator, since the U.K. voted to leave the bloc. The Commission would rather talk about…
There can be a likely erosion of some 30 percent of banking jobs in the next five years because of developments in technology, said Vikram Pandit, who ran Citigroup Inc. during the financial crisis. In a television interview on Wednesday, Pandit, 60, said that the need for humans and staff in multiple bank roles such as…
With the aim of developing a blockchain-based application to improve the regulatory reporting of mortgage transactions, a partnership has been formed between New York-based software company R3 CEV and Britain’s financial watchdog and two large banks. Together with the Financial Conduct Authority, the Royal Bank of Scotland Group Plc and another global bank which did…
Noting the equivalent of doubling the population of China and India, the world’s population is anticipated to grow by 2.5 billion in just over the next thirty years. There would be considerable strain on world business that would be put on it in addition to an unprecedented demand for goods and services created by the…
According to a projection from risk modeling software company AIR Worldwide, combined insured losses of $20 billion to $65 billion could have already been created by Hurricane Irma. The losses and devastation in the hurricane hit areas in the United States and some selected islands in the Caribbean were included in the estimates made by…
The finance ministers of France, Germany, Italy and Spain said in a joint letter that instead of only taxing on the profits made as of now, they want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues. There are many countries in Europe that are frustrated at the low…
