Dubai, companies team up with IBM on blockchain project
Dubai, one of the world’s largest trading hubs, has linked up with IBM to launch a scheme using blockchain computing technology to process transactions and keep track of goods being [...]
Uber CEO quits Trump's business advisory group
Uber Technologies Inc Chief Executive Officer Travis Kalanick quit President Donald Trump's business advisory group on Thursday amid mounting pressure from activists and employees who oppose the administration's immigration policies. Critics included [...]Facebook Q4 Profit Up 128%, Share Price hits All Time High
World's largest Social Media Site Facebook Inc has reported a 128% growth in profits for the fourth quarter to $3.57 billion from $1.56 billion it reported in the same period a year earlier. The results [...]Warren Buffett bought $12 billion of stock after Trump won
The failure of Warren Buffett's favored candidate to capture the White House has not dimmed the billionaire's appetite for stocks. The renowned investor has revealed that he has bought $12 billion [...]Trump travel ban stirs faint corporate outcry beyond Silicon Valley
Most US corporate bosses have stayed silent on President Donald Trump’s immigration curbs, underscoring the sensitivities around opposing policies that could provoke a backlash from the White House. While the [...]Volkswagen overtakes Toyota as the world's biggest carmaker
German carmaker Volkswagen (VW) nudged Toyota Motors from the top spot in global vehicles sales in 2016, results showed on Monday, Jan 30, in Tokyo, Japan. Toyota reported that its [...]Jack Ma’s Ant Financial Buys MoneyGram for $880 Million
Ant Financial, the financial technology company controlled by billionaire Jack Ma, stepped up its international expansion by buying U.S. money-transfer service MoneyGram International Inc. The $880 million transaction, Ant’s second [...]Uber fined $20M for misleading drivers about potential earnings
Uber has agreed to pay $20 million in a settlement with the US Federal Trade Commission (FTC) after it was found that the ride-sharing company made exaggerated claims about how [...]Emerging Markets PE firm Abraaj Group interested in Barclays Africa
Emerging markets focused Private Equity firm, Abraaj Group, has expressed interest in acquiring Barclays Group African business, Chief Executive Officer Arif Naqvi was on Tuesday quoted by Bloomberg. “It’s a very fine [...]Asia's oldest stock exchange BSE To raise $182 million in IPO
Indian stock exchange BSE Ltd's initial public offering (IPO) of shares next week may raise as much as 12.43 billion rupees ($182 million) for its investors, based on the indicative [...]Eastern EU has few migrants to bolster population sag
A double whammy' of emigration and unfavourable death and birth rates is depopulating eastern EU member states. The trend in several Central and Eastern European (CEE) countries for the death [...]BlackRock Inc. hires Buzzfeed Executive to lead global marketing
The World's largest Asset Management firm, BlackRock Inc. has hired a new global chief marketing officer from digital media company BuzzFeed as it works to bolster its business from individual investors. [...]
