Europe

Goldman Sachs Removes Bonus Cap for UK Bankers

After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers.


US Accuses Russia of Quietly Shipping Refined Petroleum to North Korea at Levels Violating UN Cap

The US has revealed that Russia has been discreetly supplying refined petroleum to North Korea at levels that seem to exceed UN Security Council limits...

Uber Sued by London Black Cab Drivers for £250 Million Over Taxi Booking Rules

Uber is facing a multi-million-pound lawsuit filed by nearly 11,000 black cab drivers in London, England...

Joe Biden Administration Sanctions Hundreds of Companies to Choke Russia's Supplies of Military Technology

The administration of President Joe Biden has announced nearly 300 new sanctions targeting international suppliers of military equipment technology accused of helping Russia in its war against Ukraine..


Latest News

ARM Holdings Plc Looks Into Automotive Industry Due to Slowdown in Smartphone
ARM Holdings, the chip designer will try its endeavor into automotive industry. The company planned its diversification amidst the slowdown in revenue from smartphone sector and a decline in its stock
Global growth concerns hammer down Europe stocks drop for 7th day
For seven sessions in a row, European stocks suffered losses amid growing concerns about the global economy growth. The lower oil prices, disappointing quarterly results and sluggish global markets ar
Steve Cohen's hedge fund investing in trading talent
Reeling under pressure, the hedge fund segment is facing talent crunch to render its services more qualitatively. Considering the need of the hour, billionaire Steve Cohen-owned hedge fund Point72 Ass
Hedge funds betting on risks in US bluechips debt
The bonds are gaining momentum amid sluggish financial markets and uncertainty about the global economy. Majority of hedge funds are betting on the $4.5 trillion market as the safest for US corporate
Samsung To Unveil Galaxy S7 And S7 Edge, May Hit Market in March For Around £600
Samsung is probably going to unveil Galaxy S7 and S7 Edge as its new flagship smart phones in the WMC to be held within February 22 to 25. Introduction of Galaxy S6 variants hasn’t become much fruitfu
Volkswagen's trucks division trucks mulls over IPO, expansion
Volkswagen's heavy truck division is exploring several options for enhancing business growth. The trucks division is studying initial public offer (IPO) plan and acquisition route to achieve higher gr
Statoil's dividend irks major wealth fund
The Norwegian government is reeling under pressure owing to oil price drop. The lower oil price is eroding revenues for the government. The Norwegian government is counting on state's dividends from S
BaFin Shuns Transactions of Maple Bank For Tax Dodging Allegations, NBC Pledges For Repatriation of Dividend Fund Taken
BaFin has imposed an embargo on Sunday shunning all transactions of Maple Bank. The embargo comes followed by investigations by the regulator on the allegation of tax dodging. However, National Bank o
Credit Suisse CEO Suggested Bonus Reduction After Billion Dollar Loss
As Credit Suisse booked its first full-year loss since 2008 on Thursday, CEO Tidjane Thiam asked his bonus to be reduced. The financial group reported a worse than expected net loss in 2015.
Wiper, alternative messaging app for costly movies
Messaging app Wiper has raised a total of $4.5 million seed funding from its investor Michael Choupak adding $2 million dollars. The service launced $4.99 monthly subscription fee to preview and watc
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