Serai aims to be the LinkedIn for global trade which links manufacturers to component suppliers. In a significant development, HSBC Holdings Plc is backing the launch of Serai, a Hong Kong-based technology startup that aims to “connect small-and-medium-sized manufacturers with component suppliers in different parts of the world as part of its trade banking push”.…
The move is aimed at tweaking CNN’s digital and will entail more funds being sunk into it as well as changes in HR. As per a report from the Wall Street Journal, John Stankey, the AT&T executive who is the CEO of WarnerMedia, plans on revamping CNN’s digital operation, and plans on infusing more money…
Marks & Spencer has entered into a joint venture with online supermarket pioneer Ocado and has thus forayed into the online full delivery service market. On Wednesday, British retailer Marks & Spencer (M&S) has agreed to form a joint venture with Ocado, an online supermarket pioneer. The development assumes significance since it would provide M&S…
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.…
With this move, Apple will create 20,000 jobs in the U.S. and will plough in more than $10 billion, apart from the $1 billion for its new campus, over the next 5 years. Apple Inc stated, it would sink in $1 billion for its second campus in North Austin, Texas; it would also invest a…
With Dublin as its new European headquarters, Bank of America will operate through its branches in Amsterdam, Brussels, Frankfurt, London, Madrid, Milan, Paris and Zurich. On Monday, Bank of America stated, having received the necessary court and regulatory approvals, it has completed the shifting of its market and banking operation from London to Dublin. The…
After Icahn’s latest purchases, he has become the second biggest shareholder of Dell’s tracking stocks. In a strategic development, activist investor Carl Icahn has reportedly increased his stake to 8.3%, up from 1.2%, in Dell tracking stock as he looks to block a proposed plan to take Dell public again. In July, Dell Technologies had…
As per a report by the NYT, SpaceX could potentially take a stake in Tesla and partially help finance the buyout. As per a report by the New York Times, Tesla Inc’s CEO Elon Musk has no plans to relinquish his role as chairman and chief executive officer of the company. NYT’s interview of Musk…
As per a study conducted by the United Nations, adopting blockchain technology could potentially boost the turnover of importers and exporters by 44% while slashing their cost by up to 31%. On Monday, in a significant development, HSBC Holdings Plc disclosed it has successfully completed the world’s first trade finance transaction using blockchain technology. The…
The EU has indicated that Britain is likely to gain access to its single market bloc following the transitional deal hammered out by negotiators from both sides. On Monday, Britain’s John Phillip Glen, stated that the European Union has indicated that it is willing to provide some form of access to Britain’s financial sector after…
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