Saturday, November 27, 2021
Germany -- the country of beers, fast cars, sausages and Gold? Yes, the German government has the second biggest gold reserves in the world, behind the United States. Half of this is kept in the vaults of the Bundesbank, the German Central Bank, in Frankfurt. The other half is divided...
During a period of lockdown and recession, fewer companies failed. This was a result of a combination of furlough schemes to reduce wage bills, state-backed loans to provide liquidity and laws to avoid bankruptcies. This in return saved a lot of companies. But some say surviving in cheap debt and...
If you live in a developed country, did not lose your job and were lucky enough to be able to work from home during the pandemic, you are probably sitting on a pile of cash right now. And you are not alone. With restaurants, bars and stores closed, no possibility...
We now officially live in a subscription economy, and it’s worth trillions of dollars. The global live streaming market is predicted to hit $247 billion by 2027. By the end of next year, IDC expects that 53% of all software revenue will come through subscription models. Some analysts think the car subscription market is set to grow...
What time in human history do you think coincided with the greatest economic recovery? The answer, 100 years ago, the aftermath of world war one led to the roaring 20's, particularly, in the United States. As the nation's wealth doubled, the consumer society became mainstream and mass production really kicked...
Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter. The application was made in recent weeks and sets in motion a period of scrutiny that could...
U.S. tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15% corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists. The deal, reached last Saturday, was designed to reduce companies'...
HSBC said it would withdraw from US mass market retail banking by selling some parts of its business and winding down others. Europe's biggest bank has for years been trying to shrink its presence in some European and North American markets where it has struggled against competition from larger domestic...
Group of Seven countries (G7) are close to reaching agreement on the corporate taxation of multinationals, clearing the way for a global deal later in the year, the Financial Times (FT) reported. After the United States agreed to accept a minimum rate of at least 15 per cent, France, Germany and...
It's been months and you still can't buy a PlayStation 5. Not only that, Samsung is raising concerns about ship shortages for its phones. Samsung says it might skip the Galaxy Note this year and the company warns of a 'serious imbalance' in the semiconductor industry. And Foxconn says...
When Microsoft's Bill Gates said in 1994 that "banking is necessary, banks are not", financiers and analysts alike dismissed the claims as the wild musings of an over-imaginative techie. Fast forward a few decades and that vision is fast becoming reality. Grab is one of the most dominant super apps in...
Banks are one of the engines of the modern economy, but the way they work is under threat. Tech-payment giants and digital currencies are revolutionizing how people use money. And this could have dramatic consequences far beyond banking. It could affect consumer privacy, government power, and the stability of the entire...

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