Many countries of the world currently are in the negative rate environment.   Credit Suisse is one such bank that is under such a regimen. The banker has recently announced that it will no longer bear all the burden of negative rates but will pass it on to some of the richer customers who...

Telegram Group is forced to postpone the launch of its cryptocurrency due to a temporary ban on the sale of tokens in the United States, introduced after the lawsuit was filed in court by the US Securities and Exchange Commission (SEC). Telegram has warned investors participating in its ICO that...

Interbrand Consulting Company published an annual ranking of the largest global brands. The top three is unchanged – these are Apple, Google and Amazon. The most significant progress was shown by Internet companies, manufacturers of media content and luxury goods. There have been few changes in the...

Qatar Airways may replace the Boeing 777-8 wide-body aircraft with a larger 777-9 model, depending on how the machine will prove itself, Qatar Airways CEO Akbar Al Baker told Reuters. "If the performance of 777-9 is very close to the parameters of 777-8, then yes, we can replace the 8 with the 9,"...

Additional legal expenses cost Wells Fargo a portion of its profit. On Tuesday, 15 October 2019, Wells Fargo & Co revealed that it saw a slip of twenty six percent in its quarterly profit. The profit slump is seen as the lender had to shell out an additional amount as legal expenses for a...

Goldman Sachs witnesses 6% overall revenue drop. Goldman Sachs Group Inc claimed underwriting related weakness as well as lower fees for “advising on deals” pushed its quarterly profits down by twenty seven percent.   In the quarter ending on September 30, 2019, Goldman saw a drop to “$1.79...

US Harley-Davidson Inc. has suspended the production and supply of its first electric motorcycle due to a problem regarding equipment for charging it. The motorcycle manufacturer’s press release said the firm suspended production of the LiveWire model in order to test and identify the cause of the...

Japan’s SoftBank Group Corp. is planning to gain control over the shared office space company WeWork Companies Inc by giving the cash strapped company a financing package that it has already prepared, said a report published by the news agency Reuters quoting sources with knowledge of the matter....

German auto maker Daimler has been ordered to recall hundreds of thousands of diesel vehicles by the federal transport authority of Germany, the KBA, over issues related to the company violating emission rules, the auto company informed the media recently.   "We estimate that the recall will...