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According To S&P, China's Fiscal Stimulus Is Becoming Less Effective 04/19/2024

Florida Woman Who Alleged Baby Powder From J&J Triggered Her Cancer Loses Lawsuit 04/19/2024

S&P downgrades Israel's ratings to 'A+' from 'AA-' due to rising geopolitical risks 04/22/2024

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Business & Finance

Data Breach Cover-Up By Uber Attracts Britain Regulators’ Concerns

The fate of Uber on the compromise of customer privacy policies, as the company failed to notify its customers as well as regulators, remains to be decided while the regulatory body said that companies could be subject to “higher fines” for deliberate concealing of breaches. On Wednesday, the “data...

Market Research Claims Premium Denim Jeans Market Boosted By Innovation In Product Designs

There would be a growth of more than 8% CAGR for the period between 2017 and 2021 in the global market for premium denim jeans, predicts a Technavio market research analysis. The latest report om the market arrived at the conclusion after conducting an analysis of the current scenario and...

Barnier: British banks will lose their passport rights in the EU

The EU's chief negotiator for Brexit, Michel Barnier, pointed to a number of restrictions for Britain, warning that banks will lose their passport rights for work in the EU, and demanding a solution to the border issue of Northern Ireland, reports Bloomberg. "The legal consequence of Brexit is that...

Saudi Crackdown On Corruption Forces Many Saudis Billionaires To Seek Ring Fencing For Their Assets

In the eventuality that the Saudi authorities decide to widen their declared crackdown on corruption, restructuring of their business is what wealthy Saudis are seeking to achieve in order to ring fence their assets from such an eventuality, according to media reports quoting people with...

Plans To Expend More On The Holiday Season Made By Almost Half Of Younger American Consumers

A recent market study has found that most consumers are only willing to spend about the same amount that they had spent last year during the holiday shopping season this year also. But the demographic segment that is most likely to exhibit an enhancement in spending are young adults in the age...

Death Of Brick And Mortar Stores Seems Far Off Yet, Despite Amazon

Tools that would induce betting for the decline of the brick-and-mortar retail were handed over to the stock market investors just before Black Friday and for the kick-off to holiday season shopping. But these were not up for sale on Amazon as yet. Investors were allowed to bet on...

Mad rally: Bitcoin broke all records

The most popular crypto currency in the world, Bitcoin, rose to a record $ 8 thousand, even though less than a week ago it showed a rapid decline. Experts believe that such high volatility is inherent to the market of crypto-currencies since Bitcoin’s value depends on the news background. According...

Japanese megabanks are facing huge problems

The mega-banks of Japan have a problem. It seems that they simply cannot cut their expenses fast enough, writes Bloomberg. Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc., may have surprised investors by reporting on Tuesday an increase in profits in the second quarter,...

Iron Ore At The Center Of A Fight Between Hong Kong And Singapore

It is being called a war over iron ore. Singapore Exchange Ltd.’s leading position in the futures commodity market for iron ore is being challenged by Hong Kong Exchanges & Clearing Ltd. which is starting futures for the same – a commodity that has been a popular way to bet on...

Softbank to pay $ 10 billion for Uber's shares

Uber concluded a deal that could bring huge investments from a consortium led by the Japanese conglomerate Softbank and Dragoneer, the BBC reports. The size of potential investments is not disclosed, but reportedly the amount can reach $ 10 billion. It is noted that the funds received will...