The Chinese ride-hailing firm is expecting to mop $70-$80 billion through its IPO. On Tuesday, a report by the Wall Street Journal stated citing sources familiar with the matter at hand, Didi Chuxing, a Chinese ride-hailing firm is in talks for holding its multi-billion-dollar initial public offering (IPO) sometime this year. Didi Chuxing is expecting…
11% of Germany’s total exports are destined for the U.S. On Monday, Carl Martin Welcker, the head of Germany’s engineering trade body stated a fresh attempt should be made at hammering out a free trade agreement between the European Union and the United States. Last month, U.S. President Donald Trump had announced a 10% tariff…
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…
JPMorgan’s blockchain platform was built using Quorum, a type of open-source blockchain that it has developed in-house and is looking to spin-off. On Friday, JPMorgan Chase & Co disclosed, it has field tested tested a new blockchain platform for issuing financial instruments with the National Bank of Canada and other large firms. The platform is…
Of the 87 million Facebook users who were affected by the personal data privacy breach, 3 million were from Europe. A spokesman for Hamburg’s data protection ombudsman stated, the city has opened non-compliance procedures against Facebook, the world’s biggest social network which in recent days have been accused of abusing its users’ data. In a…
Researchers at Singapire’s Nanyang Technological University (NTU) have programmed two robotic arms that can automatically assemble an IKEA chair. This opens up a new possibilities as well as improved cost savings for the Swedish company. In a significant milestone IKEA disclosed, it has installed robots in its Singapore plant which can assemble flat-packed furniture. As…
The Southeast Asian country has seen a 10.7% growth in total household wealth and this set to continue to grow by 10% in the next 5 years. On Thursday, Zurich-based Credit Suisse Group AG stated, it has received the green signal to launch its wealth management business in the Philippines. The move will allow it…
Amazon.com’s updated mobile app allows customers to browse, purchase and have their items delivered to their home country. Online shopping is now just a tap away! In a move that ups the ante against its peers, Amazon.com, the world’s biggest online retailer, has launched an international shopping feature that will enable customers across the world…
Since Carl Icahn’s stake is below the 5% limit, which warrants public disclosure of the stake amount, it isn’t clear as to what his agenda might be for taking this position. However, VMWare/Dell IPO is looming on the horizon. Billionaire investor Carl Icahn has acquired a stake below 5%, in VMware Inc, a cloud computing…
In the wake of increased incidents of near misses by unmanned vehicles and drones, a United Nations-led effort is making significant headway in the creation of a global drone registry where geo-fencing and blockchain technology is being used to ensure that drones listed in the registry are unable to fly near restricted airspace. Airlines from…
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