Business & Finance
BlackRock investment company sets to expand in China
One of the world's largest investment companies, BlackRock Inc., held a series of negotiations with the Chinese Internet giant Tencent Holdings on a partnership to expand its presence in China, reports Dow Jones, citing sources. According to sources, the parties discussed BlackRock tools for...
US Awarded Tariffs Right By WTO On $7.5 Billion Of EU Goods In Airbus Subsidy Case
The United States has been awarded permission to impose tariffs on $7.5 billion of European goods by the World Trade Organization (WTO) and many analysts fear that this could be the beginning of another trade spat between the tow trading partners on both sides of the Atlantic Ocean. The...
Samsung Ends Smartphone Manufacturing In China
The South Korean electronics giant Samsung Electronics Co Ltd announced on Wednesday that it would end production of its mobile phones in China. The company said that its fortunes and market share in the largest smartphone market in the world were being hit significantly by local Chinese rivals....
Danske Bank is leaving Estonia
Danske Bank is winding up operation of its Estonian branch, whose employees are suspected of large-scale money laundering. “In accordance with the approval of the Estonian Financial Supervision Authority, Danske Bank has virtually ceased banking in Estonia. Now all attention is paid to ensure the...
PayPal becomes first foreign company to enter Chinese payments market
PayPal Holdings Inc, the American payment system, will become the first foreign company of its kind to gain access to the PRC payment services market through the purchase of the local company Gopay Information Technology Co. The People’s Bank of China (PBC, the country's central bank) has allowed...
40% Rise In UK In Number Of Bank Transfer Scams In The Past Year
There has been a rise of about 40 per cent in the last one year in the amount of money that had been stolen by criminals through bank transfer scams in the United Kingdom and currently the amount being stolen every month is more than £1m, claimed official data published by the UK. ...
Easy Visas And Other Relaxations To Be Implemented By Saudi Arabia To Open Its Tourism Sector
Since the downturn in the global oil market three years ago, Saudi Arabia has been trying to reduce the dependence of its economy on revenues from oil. As a part of that vision, the kingdom is not set to open up some of its closed doors to international tourists. The kingdom...
Jaguar Land Rover to stop production in the UK because of Brexit
The company intends to suspend production in the UK due to the exit of the Kingdom from the EU. Jaguar Land Rover decided to suspend production in the UK because of Brexit. Four factories of the company will halt the operation in the first week of November in order to mitigate the consequences of a...
US authorities accuse owner of Tinder of imposing paid services
The US Federal Trade Commission filed a lawsuit against Match Group, which owns a number of dating services, including Tinder. The regulator is accusing the company of using fake accounts to encourage hundreds of thousands of users to purchase a paid subscription. The United States Federal Trade...
Indian Investments Being Reviewed By Softbank Following Wework Valuation Debacle
After the debacle faced by the American office renting form WeWork just before the launch of its initial public offering (IPO) because of a substantial fall in valuation compared to what the Japanese investment conglomerate SoftBank had made when it had invested not long ago in the company, the...
