In the modern world where gadgets are powered by battery sources, an important source of such power are lithium ion batteries that keep out devices – from smartphones to electric vehicles, functional. The growth and popularity of these types of batteries has been accorded to their light weight, high energy density and ability to be…
A new report on the growth of billionaires in the world noted that a new billionaire is created China every week. The report also found that there was an increase of 19 per cent in the collective wealth of the world’s billionaires – with their accumulated wealth reaching a whopping $8.9 trillion last year. In…
Nokia is planning to lat off a large number fits staff globally as the company now preparing for the fifth-generation networks, said the company on Thursday. While no details on the actual number of employees that the company was looking to lay off was provided by it, according to Dow Jones Newswires, the lay offs would…
An increase in price of aircraft fuel and higher operating expenses saw a 49 per cent drop in the earnings of American Airlines Group Inc. (AAL) for the third quarter. However, the bottom line results still exceeded the estimates of Wall Street, the top line was lower than the consensus estimates. The announcement of the…
For General Electric, the manner in which it has been delivering dividends throughout its 119 tear old history has made the once dependable company proud. However that reliability has now dwindled for GE. But now the new boss of the company Larry Culp could be forced to cut the dividend because of the financial condition…
According to a warning issued by the United Kingdom’s ferry firm Stena Line, traders could bypass Great Britain and there could be an impact on food supplies in case of a no-deal Brexit. Ian Hampton senior executive at the global ferry operator said that there is “very little readiness” at ports and “anxiety is high”.…
According to a report in the BBC, an investigation by consumer group Which? has found that people are being offered free goods in exchange of positive product reviews by a section of online sellers. The representative of the organization conducting the investigation joined a number of “rewards for reviews” groups and was promised free items…
Even through Facebook claims that the social media platform has been hijacked by bad actors and that it is taking measures to mitigate the threat, the investors are not taking those assurances at face value. Compared to the high that it had hit in July, Thursday’s stock price of the company was 30 per cent…
Oil major ExxonMobil has come out in financial support of climate change in a very surprising and unconventional move. There have been accusations levelled against Exxon for quite many years of the oil major of being insensitive to climate change. The company announced a donation of $1 million – to be paid over two years,…
It was ten years ago that RBS had to be injected with £45bn bailout package that was funded by taxpayer’s money. But according to the head of the lender – Ross McEwan, it would take another decade for the bank to regain the lost reputation. It should however be noted that currently, the cash reserves…
