India Builds International Financial Center for Foreign Investments Posted May 15, 2018 India hopes to encourage foreigners to invest in the country by developing an international financial center. Called Gujarat /ˌgʊdʒ əˈrɑt /…
Facebook Loses Money Following User Information Leak Posted May 7, 2018 Facebook shares have recently suffered a massive loss after the media reported that a third party was able to access its users' personal information. In 2017, …
Disney Announces Business Reorganization Posted April 30, 2018 Disney has announced its plans for reorganization to further expand its business. Last March, the entertainment giant revealed that it will reorganize its business structure an…
Consumer Spending in UK Retail Stores Decline Posted April 20, 2018 Consumers continue to decrease their spending in retail stores in the United Kingdom. The British Retail Consortium, a UK association responsible for sales data, has released i…
Report: Alcoholic Beverages in UK Cheaper than Three Decades Ago Posted April 12, 2018 Alcoholic beverage prices in the United Kingdom have become more affordable, according to a recent report. The Institute of Alcoholic Studies (IAS) revealed that the cost of al…
Cryptocurrency Poses Threat to Bank of America’s Business Posted April 9, 2018 Bank of America (BofA) has recognized cryptocurrency as a threat to its business. In February, BofA announced that it will no longer entertain credit card transactions involvin…
Twitter Reports Profitable Quarter for the First Time Posted March 22, 2018 Social networking service Twitter reported its first-ever profitable quarter in its 12-year history. In the final quarter (Q4) of 2017, the company reportedly made $91 million—…
Walmart and Rakuten Team Up for E-reader, E-book Deal Posted March 14, 2018 Walmart, one of the biggest US retailers, has struck a deal with Japanese e-commerce giant Rakuten. With this deal, Walmart became the official US distributor of …
Chinese Company Might Buy J&J’s Diabetes Care Unit Posted March 7, 2018 Multinational corporation Johnson & Johnson (J&J) reportedly has plans to sell its diabetes care unit to Sinocare Inc., a Chinese diabetes device manufacturer. In Janua…
Walmart Increases Minimum Wage for Employees Posted February 25, 2018 Walmart, the world’s largest private employer, has imposed an increase in its starting salary and expanded some of its benefits. The retail giant has increased its mini…