In June, European investors were withdrawing cash from mutual funds at the fastest pace in almost five years. The outflow was € 38.3 billion amid fears of a global trade war, the Financial Times reported. Equity, bond and money market funds based in Europe saw a net outflow of at least € 11 billion...

The United Kingdom government has been given urged to hold a public consultation in order to ascertain whether it can be feasible to put a ban on the import and sale of animal fur in the country after setting in Brexit. The call was given in an in an inquiry report that was published by the...

State Oil Company of Saudi Arabia Saudi Arabian Oil Co. (Saudi Aramco) intends to acquire a controlling stake in the petrochemical company SABIC, and possibly all 70% of shares owned by the sovereign fund of Saudi Arabia. This is reported by Reuters with reference to two sources familiar with the...

The board of directors at Fiat Chrysler Automobiles announced on Saturday that its ailing chief executive officer (CEO), Sergio Marchionne would be replaced for the position by high-ranking in-house executive Mike Manley.   It has been over a month that Marchionne, 66, has not appeared in...

According to a United Kingdom government report, the country’s telecom networks have been exposed to new security risks because of technical issues and issued with the equipment supply-chain of Chinese firm Huawei. Top of Form The debate over espionage around Huawei Technologies would be further...

Audi will be forced to limit production of cars from September this year due to the Dieselgate scandal, Bayerischer Rundfunk television and radio company reports with reference to the source. Earlier it was reported that investigations were being carried out in Germany in connection with the...

SoftBank Vision Fund is going to pour almost one billion dollars in Chinese SenseTime Group Ltd., as the fund wants to get a share in the world's most expensive AI startup. This is reported by Bloomberg. The fund founded by the Japanese SoftBank Group Corp., and SenseTime haven't defined the deal’s...

Amazon is in talks to take forward its new venture into the pharmacy sector. Amazon.com is conducting its “early talks” for investing into MedPlus, an Indian Pharmacy, reported FactorDaily, a news website of India, on Tuesday, July 18, 2018.   MedPlus Health Services has more than “1,500...

Tencent is stepping up its efforts to expand the payment service WeChat Pay in the US, reports CNBC. He noted that more large players will come to the market this year. WeChat Pay allows users to display barcodes on the smartphone via the Tencent-owned WeChat messaging application. The app scans...