The Indian government’s recent ruling regarding e-commerce companies had caused enormous problems for Amazon India and Walmart-owned Flipkart, both of whom had sunk billions of dollars into the country in order to own a slice of the market. It is widely believed that the Indian government imposed these rules to make the e-commerce space far […]
The Chief Executive Officer of British banking giant Standard Chartered believes that the economic slowdown in China and the associated issues related to the trade war with the United States is gradually receding in the country. The words of the bank’s CEO Bill Winters carry a lot of weight since the British bank has a […]
Biogen Inc saw $18 billion wiped off in value in the stock market as the pharmaceutical company, and its partner, Essai Co. Ltd, stated that they were suspending the trials for two drugs for Alzheimer’s treatment. This is a huge setback for Biogen as the successful testing of the experimental drugs could have propelled the […]
Billionaire Hiroshi Mikitani who is the founder of e-commerce company Rakuten in Japan may soon impose all its 17k workers to learn to code at least entry level programming. Mikitani is considering this step as his company is facing tough competition from other e-comm giants like Amazon. He wants all his employees to get updated […]
Brexit is possibly the biggest political event in the modern history of the United Kingdom and over the past two years, it has been the reason behind the gloomy business climate in the country. In a fresh development, it has emerged that business investment in the UK is all set to be cut down this […]
Hong Kong’s currency hit the lower end of its trading band over the past week, thereby requiring intervention that ran to $700 million. However, analysts do not believe that the currency intervention round will be over anytime soon. In the past ten years, the liquidity measure has swung between HK$71 billion and HK$71 billion. This […]
