A full blown crisis for the UK energy’s strategy was triggered after the project to build a nuclear power station in Wales was exited by Hitachi. This Japanese company was the second company to quit major nuclear projects in two months. After Hinkley Point C, the next in a line of new nuclear plants in…
A new report from Wealth-X, a firm that tracks global wealth, concluded that there was a 2 per cent growth in the number of wealthy individuals as well as in their collective wealth globally. In 2018, the number of high-net-worth individuals globally was 23 million and they had a combined wealth of $62 trillion. The…
According to a report published in the Handelsblatt newspaper, with the aim of keeping Chinese telecommunication equipment manufacturer, the largest in the world, away from participating in the bidding process for the construction of the state of the art 5G network in Germany, the government there is trying to find out stricter security requirements and…
Missing revenues forecasts and sales targets is adding pressure to Cupertino’s human resource management strategy for 2019. As per a report from Bloomberg citing sources familiar with the matter at hand, Apple Inc is set to cut hiring for some of its divisions. The development comes in the wake of Apple Inc missing its sales…
A report by a top government-linked think tank has listed out foreign companies that have used “incorrect labels” while referring to Taiwan and Hong Kong. The report has prompted a stern reply from Taipei. In a development that marks China’s growing pressure tactics on Taiwan and Hong Kong, in a report, the Chinese Academy of…
The final design review process is a milestone for Boeing and Lockheed Martin’s alliance. A successful launch will mean the U.S. will not have to rely on Russia’s RD-180 engine for critical national security missions. In the space launch services market, Lockheed Martin Corp and Boeing Co are set to conduct a final design review…
A new artificial intelligence centre at its Tubarao site in Vitoria, Brazil has been opened by South American miner company Vale which is the amongst the largest mining companies in the world. The aim of setting up the center for the company was to “leverage the adoption of innovative and disruptive technologies in all areas…
A report prepared for next week’s World Economic Forum in Davos, Switzerland, identified as the most urgent global t\risk to be the ever increasing tension between the world’s major powers which is creating roadblocks to get together collective action to take concrete measures against climate change. According to a survey of around 1,000 experts and…
Even as there is increasing political pressure on the Chinese technology giant Hiawei, its CEO and founder repeatedly emphasized on Tuesday that the company would not conceded to demands from Chinese government and agencies if they wanted to access customer data and the company would never allow that. The concerns of the US government about…
The development marks Blockchain’s technology’s growing traction in the financial industry. In a development that marks Blockchain’s growing traction in the asset management industry, HSBC stated it had settled forex trades worth $250 billion (£194.15 billion) using blockchain in 2018. The development assumes significance since until now this sector had hesitations on embracing blockchain technology.…
