China is promoting a tweaked version of the Belt and Road program that Beijing had starting in a bid to reduce the criticism it is facing as many believe that it can push many countries participating in this initiative into debt. Many are also unhappy with the lack of transparency, and there is a concern […]
Uber’s hunger for domination of the global ride-hailing industry took another step in the right direction as the San Francisco based company made a major inroad into middle-east with the acquisition of rival Careem for $3.1 billion. The acquisition is particularly interesting since the company is going to have its blockbuster initial public offering this […]
The economic slowdown in China and the decline in demand in the world’s biggest smart phone market may have hampered sales for many of the biggest manufacturers, but local companies are steadily chipping away at Apple’s dominance in the country. Chinese smart phone manufacturers are now making an all-out effort to offer customers in China […]
The initial public offering by Lyft Inc has been oversubscribed according to the commitments made until now by investors. This will probably help the popular ride-hailing startup fetch more than the $23 billion valuations it is looking for according to experts in the industry. This development is proof that investors are ready to ignore the […]
On Monday, oil prices were pulled in opposite directions by the economic downturn and the supply cuts spearheaded by OPEC along with the U.S. sanctions against Venezuela and Iran. This resulted in mixed oil prices on Monday. Brent crude oil futures went up eight cents to $67.24 per barrel, which is not far off from […]
WorldPay Payments which had been originally launched in the United Kingdom as Streamline and was later owned by Royal Bank of Scotland has been sold to Fidelity National Information Services (FIS) in a $43 billion deal. The entire deal consists of $35 billion in stock and cash, in addition to the debt that WorldPay has […]
