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IMF forecasts global GDP growth to slow to 2.8% by the end of the decade 04/12/2024

ECB keeps all three key interest rates unchanged 04/12/2024

US Consumer Confidence Declines As Predictions For Inflation Rise 04/14/2024

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Business & Finance

Moving Towards Healthy Options PepsiCo Inc. Bids To Acquire Vita Coco

The deal between PepsiCo and Vita Coco still rests on uncertain ground. PepsiCo Inc. is conducting acquisition talks with All Market Inc. The former manufactured soft drink and the latter owns Vita Coco, a “coconut water brand”, with its “celebrity investors” like “Madonna and Matthew McConaughey”....

Big Push For Selling Ads To Drugmakers Being Made This Summer By Facebook

There are media reports, based on source information close to Facebook that this social media giant is hosting an invitation-only summit dedicated to health on June 6 in New York. As a matter of proof, a section of the media even tracked down a screenshot of the invitation. "Health in the era of...

A Look Into The First Quarter Of 2017 Reveals Tech Giants As ‘Aggressive Buyers’ Of AI Start-ups

Experts think that established companies will create “platform services” while AI start-ups will “migrate more to applied intelligent apps”. CB Insights reports that totally thirty four “artificial intelligence startups were acquired” in the very first quarter of this year, whereby marking double...

BlackBerry Exploits Connected Vehicles Systems’ Vulnerability To Boost Its Revenue

BlackBerry to move onto vehicle security business against hackers, says analyst’s note. The Company of BlackBerry Ltd. has taken on board “at least two automakers” in its collaborative venture of developing a “security service” capable of “remotely” scanning vehicles to look for “computer viruses”....

WD increases the bid for Toshiba's main business

Manufacturer of hard drives Western Digital has increased its offer for Toshiba’s semiconductor business purchase. Earlier, Western Digital offered about $ 14 billion for Toshiba Memory, which develops and sells flash memory chips. Now the bid has been increased to $ 17.8 billion. Western Digital...

Blackstone collects $ 40 billion for Trump’s infrastructure projects

The Saudi Arabian Sovereign Public Investment Fund (PIF) has agreed to invest $ 20 billion in a new Blackstone infrastructure fund, reported WSJ and Bloomberg. Blackstone intends to attract another $ 20 billion from other investors. Taking into account the debt financing, the new fund will be able...

Huntsman & Clairant In A ‘$20 Billion’ Merger To Create A Global Chemical Firm

New firm ‘HuntsmanClariant’ will provide “substantial financial strength and flexibility”. Huntsman and Clairant are in a merger agreement, whereby both the chemical companies reported about its merger plans of creating a “global firm” under the name of HuntsmanClariant with a value of “$20...

Netflix price grew by 22,000% since the IPO. But why?

Netflix held an IPO 15 years ago. Then, the company was valued at $ 300 million, and the giant’s current market value approached $ 68 billion. Netflix shares have grown almost 13,000% since the moment they entered the stock exchange, and market capitalization climbed by 22,000%. What is the secret...

Tax Concessions Offered To Apple By India To Expand Production: Reuters

To better allow the import mobile handset components intended for use in local manufacturing tax free, the Indian government has offered to allow Apple Inc certain concession, reported the news agency Reuters quoting a top government official. Increasing of the local value addition over a...

Apple's market cap approaches parity with Chinese banks

The market value of Apple is close to total capitalization of the five largest Chinese banks - China Construction Bank, Agricultural Bank of China Ltd., Industrial and Commercial Bank of China Ltd., Bank of Communications and the oldest Chinese bank, Bank of China Ltd. Each of them is listed among...