The U.K. government is preparing 11 trade deals to reduce the economic impact of leaving the European Union. However, all this work might be in vain. The department led by Liam Fox cannot negotiate any trade deal while a member of the European Union – which is the case until 29th March of 2019. It […]
Read moreCurrency, United States Finance
A German discount store just upstaged an affluent grocer in fierce battle for UK market share
The intense competition being faced by U.K. grocers was laid bare on Tuesday morning with new data showing that discount retailer Lidl has trumped upmarket Waitrose in the battle for market share. The German discount retailer has seen its market share rise to a new record high of 5.2 percent in the twelve weeks to […]
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Tech giants like Amazon and Facebook more disruptive to banks than fintech start-ups: Report
Banks are faced with more competitive disruption from tech behemoths than financial technology (fintech) start-ups, according to a report by the World Economic Forum (WEF). Contrary to concerns surrounding small fintech firms drawing business away from the financial services sector, the report concluded that start-ups had less of an impact than expected. “Fintechs have changed […]
Read moreSamsung expanded its digital personal assistant Bixby to over 200 countries and territories globally on Tuesday, as it looks to step up its challenge to rival products like Amazon Alexa and Apple Siri. Bixby was unveiled earlier this year when Samsung introduced its flagship Galaxy S8smartphone. It was initially available in South Korea, then the […]
Read moreOne of China’s best-performing stocks this month is a tiny glass company you’ve never heard of — but nobody seems to know why. State-owned Luoyang Glass is the second-best performer in the Shanghai Composite so far this month, spiking 34 percent. The stock has also hit the 10 percent daily trading limit for the last […]
Read moreAdoption of electric vehicles is set to accelerate, and that’s going to run over a lot of losers, including within the auto industry itself, JPMorgan Cazenove said in a note on Monday. The shift toward electric vehicles is set to be a multi-year process, but once there’s a tipping point, likely on a shift in […]
Read moreThe head of the U.S. military’s Pacific Command said on Tuesday it was more important to use diplomacy to counter North Korea’s missile threat rather than consider what actions by the reclusive North might trigger a preemptive strike. Admiral Harry Harris was in South Korea to observe annual joint military drills with the South Korean […]
Read moreAn earthquake hit the tourist-packed Italian holiday island of Ischia on Monday night, collapsing buildings, killing at least two people and injuring dozens, officials said. Residents and tourists on the island off the coast of Naples ran out on to the narrow streets from homes and hotels. Fearing aftershocks, many decided to leave the island […]
Read moreOne of India’s tech darlings, Infosys, could fall out of favor with investors after its chief executive officer resigned unexpectedly on Friday following a clash between the company’s founder and the board of directors. Vishal Sikka announced his departure in an email to his employees — which he subsequently uploaded onto his blog — where […]
Read moreDalian Wanda Group said on Tuesday it had scrapped plans to buy Nine Elms Square in London, the latest setback for the Chinese conglomerate as Beijing tightens controls on overseas investment. St. Modwen Properties, owner of the London building, said on Monday it had completed the 470 million pound ($605.6 million) sale, without naming the […]
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