Robinhood’s shares tumble after news of PayPal’s online brokerage services

Share of Robinhood Markets Inc fell by nearly 7% on Monday following a news that PayPal Holdings Inc may start an online brokerage service. Reports have also emerged saying, regulators were looking at imposing a potential ban on a practice that accounts for the bulk of the company’s revenue. Shares of Robinhood extended an early…

Israel Aerospace Industries teams up with UAE’s EDGE to make smart weapons against drones, unmanned vehicles,

On Thursday, in a statement Israel Aerospace Industries (IAI) said, it would jointly develop an advanced drone defence system with the United Arab Emirates’ state-owned weapons maker EDGE. With both countries formalizing relations in 2020, trade, commerce and defense relations have got closer over concerns over common foe Iran. In a statement, Israeli state-owned IAI…

EU companies should prepare for the worst over U.S.-China digital decoupling

In a statement European business groups have said, EU business must “prepare for the worst” over digital decoupling between the U.S. and the Chinese economy, which could significantly impact EU businesses in China. In a statement the European Chamber of Commerce in China and MERICS, a Berlin-based think tank said, U.S.-China political, trade and financial…

India takes resolute trade action to defend consumer data from harvesting Chinese apps

With India taking legal resolute measures to fight China’s harvesting of consumer data through apps and promptly banning those which do not comply to its security standards, China is starting to feel the pinch of loss of business and has opposed New Delhi’s move. The development comes in the wake of China making belligerent claims…

Trading in New Zealand’s stock market resumes following 4 consecutive days of offshore DDoS cyber attacks

On Friday, trading resumed at New Zealand’s stock exchange following offshore Distributed Denial Of Service (DDoS) offshore cyber attacks for four consecutive days. In a statement, the government said, national security systems had been activated to support the bourse. While the origin of the “offshore” DDoS attack is being investigated, the failure to stop the…

Car production in Britain will take significant hit if Brexit leads to tariffs with EU: Society of Motor Manufacturers and Traders

A British trade body has warned that the country’s annual car production is likely to drop by a third to 1 million by 2024 if Brexit leads to tariffs with the European Union; the output will be lost to other nations. Britons are staring at an elections in just over two weeks with Prime Minister…

Huawei incentivizing employees to help shift its supply chain away from the United States

On Tuesday, Huawei Technologies stated, it will disburse $286 million (2 billion yuan) in cash as rewards to staff who are working to help it weather a U.S. trade blacklisting. Huawei is trying in full earnest to find alternatives to U.S. hardware after the U.S. Commerce Department nearly banned it in May from doing business…