A tech fund backed by Japan’s SoftBank Group has picked up one of the biggest stakes in India’s leading homegrown online retailer Flipkart, the Bengaluru headquartered firm said in a statement on Thursday. The SoftBank Vision Fund has invested in Flipkart via a mix of direct capital infusion and buying out stakes from some of […]
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US will use 'any appropriate measures' to combat North Korea, says Trump aide
Washington is ready to use “any appropriate measures” to defeat the growing threat from North Korea, according to one of President Donald Trump‘s key aides. Sebastian Gorka, who is deputy assistant to the president, said on Thursday that the White House will use any means necessary to defend the United States and its citizens from […]
Read moreChina has demonstrated a world first by sending data over long distances using satellites which is potentially unhackable, laying the basis for next generation encryption based on so-called “quantum cryptography. Last August, China launched a quantum satellite into space, a move which was called a “notable advance” by the Pentagon. Using this satellite, Chinese researchers […]
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Euro zone’s third largest economy is causing headaches for investors — and it might get a lot worse
When most of the euro zone seems to be flourishing, its third largest economy remains a major headache. Italy is dubbed by many analysts as the biggest threat to the stability of the euro zone economy, even though recent data have come in above forecasts. “Italy’s GDP (gross domestic product) year-on-year percentage change is only […]
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Glencore raises earnings guidance, sees electric vehicles boosting demand
Mining and commodities trading group Glencore raised its earnings guidance on Thursday and said it expected the increased take-up of electric vehicles and demand for storage to boost demand for its products. The company increased its full-year forecast for a profit measure called marketing adjusted earnings before interest and tax (EBIT) by $100 million to […]
Read moreLego has appointed Niels B. Christiansen to replace Bali Padda as chief executive, the Danish toymaker said on Thursday. Christiansen was chief executive of the unlisted Danish thermostat maker Danfoss until last month, a position he took up in 2008. Padda, who took over as chief executive for Lego eight months ago, was Lego’s first […]
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Trump’s North Korea strategy is straight from Putin's playbook, analyst says
Escalating tensions between the U.S. and North Korea have highlighted similarities between President Donald Trump and another political heavyweight: Vladimir Putin, according to one leading political analyst. The U.S. president has been accused of responding with undue aggression to continued threats from North Korea and its expanding military arsenal. Charles Hecker, a senior partner at […]
Read moreAmitabh Bachchan is an Indian movie legend who has been called “the undisputed Godfather of Bollywood” and is also known as “Big B,” having starred in almost 200 films. Aged 74, he is still prolific, with three movies coming out in 2017 alone. And he has credited the home of Indian movies, Mumbai, as a […]
Read moreChina’s steel prices are rising, and the government is getting worried about striking the right balance on the markets. China, the world’s largest steel producer, has been working to tackle overcapacity in the sector, as the government seeks to find economic growth outside of heavy industry and manufacturing, The cutbacks also come amid long-time claims […]
Read moreAs lenders in China release their financial report cards this month, investors can expect clearer signs on how well banks in the world’s second-largest economy are holding up against a government-led clamp down on swelling debt. The health of the Chinese banking sector is closely-watched as lenders hold more than 90 percent of total financial […]
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