Business latest posts

British banking group HSBC plans to eliminate 10,000 new jobs

British banking group HSBC plans to eliminate 10,000 new jobs, the Financial Times reported Monday, two months after its ceo abruptly resigned and announced the cancellation of 4,000 jobs, amid the challenges of Brexit, trade war and Low interest. The layoffs mainly involve high-paying jobs and are part of a new cost-cutting campaign led by Read more

Business latest posts

New trade agreement announced between Washington and Tokyo

U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe on Wednesday announced the preliminary details of a new trade agreement between the two countries. Trump said he would open Japanese markets to $7 billion worth of U.S. products, adding that negotiators from both sides would continue the talks. At the signing ceremony with Abe Read more

Business latest posts

U.S. Consumer Confidence Below Market Expectations

Data released Tuesday showed that consumer confidence in the United States rose less than expected in September, with the Consumer Confidence Index issued by Conference Board registered about 125.1 points, below market expectations, which indicated that it recorded about 134.1 points. It is also lower than the previous reading of 135.1 points last August. This Read more

Business latest posts

Bitcoin falls to the lowest level against the dollar

Bitcoin’s digital currency fell about 15 percent against the U.S. dollar in late trading to a three-and-a-half-month low, and analysts attributed the decline to a lukewarm reception from investors to launch bitcoin futures. Beckett, an cryptocurrency platform of the New York Stock Exchange’s Intercontinental Exchange, listed the new ActBitcoin contracts on Monday. Analysts said the Read more

Business latest posts

How can blockchain technology change trade around the world?

When the blockchain appeared it seemed like a mysterious way to record cryptocurrency transactions, such as Bitcoin. But it soon turned into a revolution in the digital world, and various sectors, such as banks and healthcare, began to try to understand and take advantage of their potential. The “Blockchain Future Summit” in Dubai is the Read more

Business Technology

An Extraordinary Career

Steve Jobs’ vision of a “computer for the rest of us” sparked the PC revolution and made Apple an icon of American business. But somewhere along the way, Jobs’ vision got clouded — some say by his ego — and he was ousted from the company he helped found. Few will disagree that Jobs did Read more

Business Technology

The brilliant management strategy of Google

A recent BuzzFeed profile of Google’s new CEO, Sundar Pichai, paints a picture of Pichai as an even-keeled, relatively predictable kind of guy. Formerly Google’s product chief, Pichai became Google’s CEO in 2015, after the company reorganized its management structure. Google’s then CEO, Larry Page, became CEO of parent company Alphabet, which oversees Google as Read more

Business

Future Saudi king arrests

Prince Alwaleed, a nephew of the king and owner of investment firm Kingdom Holding, invests in firms such as Citigroup and Twitter. He was among 11 princes, four ministers and tens of former ministers detained, three senior officials told Reuters on Sunday. The purge against the kingdom’s political and business elite also targeted the head Read more