Category Archive: News
North Korean hackers behind South Korean cryptocurrency attacks, say researchers
US-based researchers have established a link between a recent hacking operation targeting South Korean cryptocurrency holders and a Pyongyang-based hacker group. The hacker group, known as Lazarus, is the same outfit thought to have carried out the WannaCry attack and the high-profile assault against Sony Pictures Entertainment. Lazarus is believed to be at the heart […]
Davos 2018: Restoring faith in globalisation
Every year, more than 2,000 of the world’s wealthiest and best-connected individuals converge on the tiny mountain resort of Davos to discuss, debate and hopefully resolve some of the most important issues facing our planet. In January 2018, the World Economic Forum will host its 48th annual meeting, in a world that has changed markedly […]
The threat of water scarcity looms large
“Water, water everywhere, nor any drop to drink.” In Samuel Taylor Coleridge’s famous poem The Rime of the Ancient Mariner, a sailor finds himself trapped in the middle of the ocean, dehydrated and surrounded by useless salt water. Today, we are faced with a similar problem globally: while about 71 percent of the Earth is […]
Can going into business with friends ever work?
Never go into business with friends. We’ve all heard it before – this snippet of advice has been uttered countless times, given in grave tones that allude to apocalyptic scenarios. And with good reason. Yet that doesn’t stop some from attempting to make it work. When childhood buddies or newfound social allies decide to work […]
Departing German finance minister warns of global financial crisis
Wolfgang Schäuble, who is set to leave his post as Germany’s finance minister this month, has warned of increasing risks to the global economy that could lead to another financial crisis. In an interview with the Financial Times, the German politician said central banks’ post-crisis policies have created a danger of “new bubbles”. Schäuble said […]
Bank of Sabadell moves HQ out of Catalonia
Bank of Sabadell, the fifth-largest lender in Spain, has revealed it will move its headquarters to the southern city of Alicante, in the aftermath of the independence conflict in the region. The financial institution, which has more than 130 years of history in Catalonia, announced the decision on October 5, amid rising tensions between the region’s […]
Colorado leads the way for advanced industries in US
Not only are advanced industries (AIs) key drivers of the US economy, they are also the prime economic drivers for the state of Colorado. Comprising engineering and R&D-intensive companies, they deliver products and services in a wide range of markets, from aerospace to medical devices. To ensure the progression of this vital aspect of Colorado’s […]
JAB Holdings to buy Panera Bread for $7.5bn
On April 4, Krispy Kreme owner JAB Holdings signed a $7.5bn deal to acquire bakery chain Panera Bread – representing the biggest restaurant deal in US history. The news caused shares in Panera to jump 14 percent, reaching record highs of $312.98. The companies hope to close the deal in the third quarter of 2017, […]
US approves $43bn ChemChina-Syngenta deal
On April 4, the US Federal Trade Commission (FTC) approved a $43bn merger between Swiss chemical company Syngenta AG and China National Chemical Corp (ChemCorp). While Syngenta hailed the decision as a “major step” in the process, FTC approval carried the condition that each company must divest three types of pesticide: the herbicide paraquat, the […]
LSEG unlikely to win approval for €29bn merger
A proposed €29bn ($30.7bn) merger between the London Stock Exchange Group (LSEG) and Deutsche Börse is under threat after the LSEG warned it was unlikely to receive approval from the European Commission. As part of their conditions for approving the merger, Brussels-based antitrust regulators have ordered the LSEG to sell its 60 percent stake in […]
