
Debdutta Ghosh
Business & Finance
Aiming to Build โLong Term Relationshipsโ, Microsoft Sells Patents to Xiaomi
As a part of what the two companies โ Microsoft and Chinese device maker Xiaomi say is the start of a long-term partnership and in a rare departure from its
Published on June 1, 2016
By Debdutta Ghosh
Business & Finance
Dell Buyout Valued at $24.9 Billion was Underpriced by 22 Percent, Rules U.S. Judge
Michael Dell and Silver Lake Partners may have to pay tens of millions to investors who opposed the deal for the computer maker as they have been ruled by a
Published on June 1, 2016
By Debdutta Ghosh
World & Politics
Japan Puts Military on Alert for Possible North Korea Missile Launch
Tension built up in South East Asia on Monday after South Korea said it had detected evidence of missile launch preparations by North Korea and Japan put its military on
Published on May 30, 2016
By Debdutta Ghosh
Business & Finance
Boeing Set to be Awarded ยฃ2bn Apache deal by UK MoD
With a ยฃ2bn contract for new Apache helicopters set to be awarded to Boeing, the UKโs Ministry of Defence is poised to hand another major deal to a US company.
Published on May 30, 2016
By Debdutta Ghosh
Business & Finance
How Bayer-Monsanto Deal Script was Rewritten by Four Words
Just four words, “there is nothing there”, were used by Monsanto Co President Brett Begemann when asked how the world’s largest seed company he helps lead might fit with German
Published on May 29, 2016
By Debdutta Ghosh
Business & Finance
Other Asian Banks had been Attacked by the Bangladesh Bank Hackers, says Cyber Firms
In addition to the 2014 hack on Sony Pictures, the attack on a bank in the Philippines have been linked to the hackers who stole $81 million from Bangladesh’s central
Published on May 29, 2016
By Debdutta Ghosh
Economics
Amidst Japanโs Warning of a Global Crisis, G7 Vows Economic Growth Efforts
While papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China, the Group of Seven industrial powers pledged on Friday
Published on May 27, 2016
By Debdutta Ghosh
Business & Finance
12 million U.S. vehicles Recalled by Automakers over Takata Air Bags
Expanding the largest-ever auto safety push, documents posted by U.S. regulators showed that more than 12 million U.S. vehicles for defective Takata air bags were being recalled by eight automakers.
Published on May 27, 2016
By Debdutta Ghosh
Economics
Amidst a Worsening Economy, Venezuela is Forced to Sell Gold
After Venezuela sold $1.7 billion of worth of Gold in the first quarter of the year to repay debts, the countryโs reserves of the precious metal have plunged to their
Published on May 26, 2016
By Debdutta Ghosh
Business & Finance
ECB Rules Show Bayer can get Financing from the Central Bank for Monsanto Bid
Based on the terms of the ECB’s bond-buying program, Bayer could have a second chance and could receive financing from the European Central Bank that would help to fund a
Published on May 26, 2016
By Debdutta Ghosh
Economics
IMF Agrees to Euro Plan Allowing Greece to get Pledge for Debt Relief
While leaving the important details for easing of a debt burden to be hammered out after Germanyโs federal election next year, Greeceโs creditors reached a preliminary accord for a debt
Published on May 25, 2016
By Debdutta Ghosh
Business & Finance
IT Services Unit of HP to Merge with Computer Sciences
With the aim of allowing the company to focus on its cloud services business and other fast-growing units, the struggling IT services business of Hewlett Packard Enterprise Co would be
Published on May 25, 2016
By Debdutta Ghosh
Business & Finance
Merger of Health Insurers Anthem, Cigna raises Doubts as it is Reviewed by Regulators
As news of management squabbles added to concerns over the proposed merger being review by antitrust regulators, growing doubts were expressed by Wall Street analysts about the pending $54 billion
Published on May 24, 2016
By Debdutta Ghosh
World & Politics
Monitor Notes Intensified Isis Attacks in Syria with 150 Killed in Syrian government-held cities
Monitors and state media of Syria said that on Monday, nearly 150 people were killed and wounded at least 200 others in the government-controlled territory that hosts Russian military bases
Published on May 24, 2016
By Debdutta Ghosh
Economics
Vote for Brexit will Bring risk of Year-Long Recession says UK Finance Ministry Report
In his latest attempt to focus voters on the potential hit to the economy from an “Out” vote, British finance minister George Osborne said that Britain could sink into a
Published on May 23, 2016
By Debdutta Ghosh
Business & Finance
In South China, Old-School Factories Stay Alive by Using Day Labor
A new strategy for surviving in Business – hiring workers by the day, is being used by some factories in southern China’s manufacturing heartland as they are squeezed by high
Published on May 23, 2016
By Debdutta Ghosh
World & Politics
Puzzling Twist Added to Fatal EgyptAir Flight by Smoke Alarms
French accident investigator BEA said that minutes before the EgyptAir Flight 804lost contact with the ATC, there were automatic radio messages about smoke in the front portion of the cabin
Published on May 22, 2016
By Debdutta Ghosh
Business & Finance
Access to Redstone Denied to Viacom Board, says the Company
Access to controlling shareholder Sumner Redstone has been blocked by his daughter Shari and hence the board members of Viacom Inc have been unable to meet with the media mogul,
Published on May 22, 2016
By Debdutta Ghosh
Economics
A ‘go-your-own-way’ Approach likely to be agreed Upon by G7 in Absence of New Ideas
The stage for G7 advanced economies could become one for agreement between the countries to “go-your-own-way” response to address risks hindering global economic growth at their finance leaders’ gathering due
Published on May 20, 2016
By Debdutta Ghosh
Business & Finance
Fiat Chrysler Partnership not to be Expanded: Google Self-driving CEO
Confirming that the Silicon Valley technology company Google was still in talks with other potential partners, the company said very recently that it has no plans to expand its partnership
Published on May 20, 2016
By Debdutta Ghosh
Business & Finance
Move Made by Bayer for Monsanto Heralding Global Agrichemicals Shakeout
As high inventories and low commodity prices spur consolidation in the global agrichemicals industry, German drug and chemicals giant Bayer AG has made an unsolicited takeover offer for Monsanto Co,
Published on May 19, 2016
By Debdutta Ghosh
Business & Finance
With Home and Allo, Google Doubles Down on Artificial Intelligence
Doubling down on artificial intelligence and machine learning as the keys to its future, Alphabet’s Google Inc unveiled its answer to Amazon’s Alexa virtual assistant along with new messaging and
Published on May 19, 2016
By Debdutta Ghosh
Business & Finance
Can virtual reality translate into real profits?
Real profits from virtual reality are being expected by a growing number of U.S. companies. Virtual reality that so far has mostly been found in video games, is being incorporated
Published on May 18, 2016
By Debdutta Ghosh
World & Politics
Bill Allowing 9/11 Victims to Sue Saudi Arabia Passed in US Senate
Setting up a potential showdown with the White House, which has threatened a veto, the U.S. Senate passed legislation that would allow families of Sept. 11 victims to sue Saudi
Published on May 18, 2016
By Debdutta Ghosh
Science & Technology
A New Wave of Eczema Therapy Showcased by Pfizerโs Anacor Deal
For millions who suffer from eczema, a common skin condition which causes infection-prone rashes that can feel like having poison ivy 24 hours a day, Pfizer Inc’s purchase of Anacor
Published on May 17, 2016
By Debdutta Ghosh
Economics
For the First Time in 40 Years, U.S. Discloses Saudi Holdings of Treasuries
After keeping them a close secret for more than four decades, the US Treasury Department released a breakdown of Saudi Arabiaโs holdings of U.S. debt. According to data the Treasury
Published on May 17, 2016
By Debdutta Ghosh
Business & Finance
Slow Sales New Challenge for Boeing’s 787 Dreamliner
After having faced challenges since its early days with production delays to batteries that smoked and burned, Boeing Co’s high-tech 787 Dreamliner is now facing a challenge of slowing sale.
Published on May 16, 2016
By Debdutta Ghosh
Business & Finance
U.S. IPO may be Considered by Uber China Rival Didi as Early as 2017: Bloomberg
If media reports are to be believed, it might not be loon before Apple Inc. is able to reap the benefits of investing $1 billion in Chinese car-hailing service Didi
Published on May 16, 2016
By Debdutta Ghosh
Economics
Brexit minister accuses Bank of England of ‘Dangerous Intervention
A Tory minister campaigning for Brexit has termed as โincredibly dangerous interventionโ that has increased financial instability, the Bank of Englandโs warning that leaving the EU could lead to a
Published on May 15, 2016
By Debdutta Ghosh
World & Politics
Mutual Trust Damaged by Pentagon report on Chinese military: Beijing
China called the U.S. Defense Department’s annual report on the Chinese military as being a deliberate distortion that has “severely damaged” mutual trust and have severely condemned the report. The
Published on May 15, 2016
By Debdutta Ghosh
Economics
IMF Sees no Economic Upside to Brexit, Warns of Downward Spiral,
The impact of Britain leaving the European Union would range from “pretty bad to very, very bad” and that there were no economic positives to it taking the step, said
Published on May 13, 2016
By Debdutta Ghosh
Business & Finance
Second Bank Faces Malware Attack while BAE Claims Bangladesh Bank heist similar to Sony Hack
While global financial network SWIFT disclosed a previously unreported attack on a commercial bank, the hack at Sony Corp’s film studio in 2014 was connected to the cyber heist of
Published on May 13, 2016
By Debdutta Ghosh
Business & Finance
Low-cost SUVs to be made by Hyundai to Battle Chinese Rivals: Reuters
News Agency Reuters reports that from next year, three low-cost sport utility vehicles (SUVs) would be launched in China by Hyundai Motor and affiliate Kia Motors. China is the largest
Published on May 12, 2016
By Debdutta Ghosh
Business & Finance
Reports of Takeover Interests Causes Monsanto Shares to Jump
Highlighting the drive for further consolidation in the agro seed sector, news reports that Bayer AG and BASF SE were interested in acquiring the world’s largest seed producer saw shares
Published on May 12, 2016
By Debdutta Ghosh
Business & Finance
Face Off for Google and Oracle over Innovation Label in Android Retrial
A $9 billion copyright retrial has brought Oracle Corp and Google face to face in a legal battle over program copy rights. In the law suit Oracle has accused Google
Published on May 11, 2016
By Debdutta Ghosh
World & Politics
Turkey President says they killed 3,000 Islamic State fighters in Syria, Iraq
While claiming that no other country is fighting Islamic State as Ankara is, President Tayyip Erdogan of Turkey said that the country has killed 3,000 Islamic State fighters in Syria
Published on May 11, 2016
By Debdutta Ghosh
Business & Finance
Supply Disruptions Outweighing Brimming Storage Can Result in Gain in Oil Prices
Worries over brimming inventories and a looming refined products glut were overweighed by some 2.5 million barrels of daily production that have been taken off the market due to the
Published on May 10, 2016
By Debdutta Ghosh
Business & Finance
As an IPO Looms, Saudi Aramco Prepares for Global Expansion
As the Saudi Arabia’s state-owned oil giant Aramco prepares for a partial privatization pushed by a government intent on diversifying the economy, the giant oil company is also seeking to
Published on May 10, 2016
By Debdutta Ghosh
Economics
China’s Overseas M&A Push to be Boosted by Simpler Merger Code
In a move likely to further boost record overseas acquisitions by Chinese companies, China is planning to allow Chinese companies to vie for the same target and to remove the
Published on May 9, 2016
By Debdutta Ghosh
Business & Finance
As Markets Eye Saudi Reshuffle, Oil Jumps on Canada Wildfire Outages
The raging huge wildfire in Cana has contributed to a significant tightening of markets over the past weeks as Canada’s oil sand region knocked out over a million barrels in
Published on May 9, 2016
By Debdutta Ghosh
Economics
Ownership of Self-driving Cars’ Data not clear according to Fiat Chrysler
FCA Chief Executive Sergio Marchionne said recently that in their collaboration on self-driving vehicles, Fiat Chrysler Automobiles and Alphabet Inc’s Google have yet not been able to determine who would
Published on May 7, 2016
By Debdutta Ghosh
World & Politics
Searching Questions for Baidu Raised by Reliance on China Health Sector
The faultlines in the company’s business model, which relies heavily on income from the country’s lightly regulated health sector was exposed by the death of a student following experimental cancer
Published on May 7, 2016
By Debdutta Ghosh
Economics
Crackdown on International Tax Evasion Launched in US following Panama Papers
In response to recent disclosures in the Panama Papers revealing the scale of offshore financial activity, US President Barack Obama is launching a crackdown on international tax evasion. The US
Published on May 6, 2016
By Debdutta Ghosh
Business & Finance
Apple’s Tim Cook will Meet Chinese Government Officials in his Soon to be Made Visit to the Country
At a time when it is facing some setbacks in its most important overseas market, Apple Inc Chief Executive Tim Cook plans to visit Beijing later this month to meet
Published on May 6, 2016
By Debdutta Ghosh
Science & Technology
South Africaโs Giant Telescope โ SALT, is Proving its Worth
In what is being described as the latest co-discovery that has astronomers eager to use the largest optical telescope in the southern hemisphere to unlock the galaxy’s secrets, South Africaโs
Published on April 30, 2016
By Debdutta Ghosh
Business & Finance
Worst Week since 2013 for Appleโs Stocks
After influential shareholder Carl Icahn revealed that he had sold his entire stake in the company and as following extensive worries festered about a slowdown in iPhone sales, Apple Inc
Published on April 30, 2016
By Debdutta Ghosh
World & Politics
China’s Challenges to U.S. Backed by Russia Over Asian Flashpoints
Amid mounting tensions on the Korean Peninsula and in the South China Sea, Russia offered support for Chinaโs opposition to U.S. actions in two of Asiaโs biggest security flash points.
Published on April 29, 2016
By Debdutta Ghosh
Business & Finance
U.S. Steel Accusations Groundless, China’s Baosteel Group Says
China’s Baosteel Group rubbished as being groundless the allegations that included by allegations of having stolen commercial secrets that were leveled by U.S. Steel Corp against the company and the
Published on April 29, 2016
By Debdutta Ghosh
Business & Finance
$2.3 Billion Impairment Booked by Toshiba on Nuclear Business in FY 2015
In what was a much-anticipated move to address lingering doubts over its book-keeping, Japan’s Toshiba Corp said on Tuesday that it booked an impairment charge of 260 billion yen ($2.34
Published on April 26, 2016
By Debdutta Ghosh
Business & Finance
Multiple Cyber Fraud Incidents Happened earlier says SWIFT: Reuters
SWIFT says that it was aware of “a number of recent cyber incidents” where attackers had sent fraudulent messages over its system, warned the global financial network that banks use
Published on April 26, 2016
By Debdutta Ghosh