Business

  • European Auto Industries Alliance With China Over Global Industrial Development

    European Auto Industries Alliance With China Over Global Industrial Development

    Leading European and Chinese automakers have pledged to strengthen their cooperation at the Brussels Summit, where their association; Chinese Association Automobile Manufacturers (CAAM) and the European Automobile Manufacturers Association (ACEA) have inked a cooperation agreement. Together, China and the EU respectively the largest and the second largest in the world account for about half of global sales and production in…

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  • Amazon Needs 50% Of Its Shipments To Be Carbon-Neutral By 2030

    Amazon does not have a genuine environmental record, but it is making some efforts. The Internet behemoth has issued a Shipment Zero program that plans for net zero emissions of carbon for deliveries. While it does not have a pipeline for attaining ideally carbon-neutral shipping, it hopes 50% of shipments to be net zero by end of 2030. It thinks…

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  • AI Used By Venture Capital Firm To Look For Startups Across Europe

    AI Used By Venture Capital Firm To Look For Startups Across Europe

    A London-located venture capital company that utilizes artificial intelligence (AI) to discover potential startups throughout Europe stated it had obtained $60 Million (EUR 53 Million) for its largest fund so far. InReach Ventures was established by Ben Smith, previously at team working tool of Microsoft, Yammer, and John Mesrie & Roberto Bonanzinga, both earlier at Balderton Capital. InReach has given…

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  • HSBC Missed The Earnings Forecast In Q4 2018

    HSBC Missed The Earnings Forecast In Q4 2018

    HSBC is one of the largest banks in Europe with reported earnings in billions every year. However, when the financial report was presented on Tuesday, it showed that HSBC had missed quite a few financial expectations for the year 2018, the turmoil in the global market during the 4th quarter being largely responsible for it. The bank showed a pre-tax…

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  • BT CEO Says Huawei Not A Cause Of Worry

    BT CEO Says Huawei Not A Cause Of Worry

    BT, telecoms group from UK do not see Chinese tech giant Huawei to be a possible threat to security. BT’s consumer brands CEO Marc Allera said that they have been involved in business affairs with Huawei for a long time now, however they never felt any concern for security issues. He said that they work with a number of security…

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  • Bond Yield, Rate Hike Estimate Readjusted By Wells Fargo

    Bond Yield, Rate Hike Estimate Readjusted By Wells Fargo

    Wells Fargo is finally adopting few changes as bond yields show impact on fears of global growth. In February 2019, the firm has made some cut in target of bond yields as well as forecast of interest rate increase of the Federal Reserve at the year end. Global head of the interest rate strategy of Wells Fargo mentioned that this…

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  • Subscription Car Service By Toyota Rewards You For Safe Driving

    Subscription Car Service By Toyota Rewards You For Safe Driving

    Toyota has joined hands with Sumitomo Mitsui Auto Service Company to roll a new vehicle subscription offering with gamification components in Japan. The initiative is dubbed as Kinto, and it will provide 2 tiers: the first, dubbed as Kinto One, will let you to drive one Toyota car over a 3-year course for anywhere from $420 to $900 each month.…

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  • Bumble Lets Users To Pay & Keep Them At The Vanguard Of The Match Stack

    Bumble Lets Users To Pay & Keep Them At The Vanguard Of The Match Stack

    Bumble rolled out a new feature dubbed as Spotlight that conveys a consumer’s profile to the top of swipe page by people for 30 Minutes. Consumers have to pay 2 Bumble Coins (or $1.99) to get hold of this feature. In addition to this, Spotlight does not call these consumers out in-app, so no other consumer knows why somebody is…

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  • Broadway Producers To Share Profit With Performers

    Broadway Producers To Share Profit With Performers

    Since Broadway business is getting swelled up, producers have decided to give share of their profit with performers. On February 8, 2019, there has been an agreement. According to which commercial producers that provide huge amount of capital for the biggest hits have agreed in sharing the profits with performers who give their level best to bring up successful shows.…

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  • Weakening Economy Lead To Rising Debts For Chinese Companies

    Weakening Economy Lead To Rising Debts For Chinese Companies

    The reports of slowdown about Chinese economy is very real as even though its government is trying to infuse cash into the markets by reducing reserve ratio of banks debts of several large corporates are growing say rating agencies. The details of GDP figures for last year that were released by Chinese government this week showed that its economy is…

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