Financial Markets

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Elon Musk Now Richest Man In The World

Soaring shares of car maker Tesla, sees Elon Musk overtaking Amazon's founder and CEO Jeff Bezos as the richest man…

2 weeks ago

President Trump Blacklists Eight Chinese Apps

Executive order signed by US President bans transactions with eight Chinese software applications including Ant's Alipay payment app

2 weeks ago

Elon Musk Leaves California, Moves To Texas

After threatening to pull Tesla out of California altogether, Elon Musk reveals he has personally left the US state and…

1 month ago

Facebook’s Libra To Launch In January – Report

Libra to launch as early as January, but the Facebook backed cryptocurrency will be scaled back even further after regulatory…

2 months ago

Elon Musk Overtakes Bill Gates As World’s Second Richest

Tesla share price rises continues to build the personal fortune of Elon Musk, placing him in second place behind Amazon's…

2 months ago

Elon Musk To Overtake Zuckerberg As Third Richest Person

Rising Tesla share price raises Elon Musk total net worth by $15 billion, putting him behind Jeff Bezos and Bill…

2 months ago

McAfee Raises $620 Million With Wall Street Return

Security vendor McAfee has returned to the public markets with an IPO that raised $620 million, below the $740 million…

3 months ago

Facebook Libra Hires Former HSBC Executive

Libra cryptocurrency project still progressing after it confirms it has hired former HSBC executive as chief financial officer

3 months ago

Apple Becomes First US Company Valued At $2 Trillion

Wall Street has gained its first ever American company valued at a whopping $2 trillion, in the form of iPhone…

5 months ago

Tim Cook Now A Billionaire After Apple Share Surge

Welcome to the club. CEO Tim Cook now said to be a billionaire after almost a decade in charge of…

5 months ago

HSBC Facing Chinese Backlash Over Arrest Of Huawei CFO

Chinese government-backed website joins other Chinese outlets in saying HSBC “maliciously” played a role in the arrest of the CFO…

6 months ago

Role Of Wirecard Supervisors To Be Probed By EU

The actions of financial supervisors responsible during the Wirecard collapse should be investigated, says senior EU official

6 months ago

Wirecard Munich HQ Searched By Police And Prosecutors

Fintech fraud investigation continues into Wirecard, as German police and prosecutors search bankrupt firm's Munich headquarters

7 months ago

Wirecard Collapses, Files For Insolvency

German fintech start-up Wirecard has filed for insolvency, becoming the first DAX member to fail after a financing scandal

7 months ago

Former Wirecard CEO Released From Jail

Former Wirecard CEO Markus Braun walks free after arrest on Monday for allegedly falsifying the accounts for the German fintech…

7 months ago

BT Suspends Dividend To Funnel Investment Into FTTP Broadband, 5G

For the first time in a decade BT suspends its dividend to free up cash for investment in fibre to…

9 months ago

Amazon Tells Investors To ‘Take A Seat’ As Spending Rises

Sitting in the sweet spot as Amazon takes advantage on demand for online goods, groceries and cloud services during Coronavirus…

9 months ago

Apple Profits Dip But Sales Rise, Amid Global Pandemic

Modest dip in quarterly profits at Apple due to closure of its retail stores in key markets during the global…

9 months ago

Coronavirus: Tesla’s Elon Musk Slams Pandemic Lockdown As ‘Fascist’

Tesla boss Elon Musk overshadows third quarterly profit at electric car maker Tesla, by calling lockdowns 'fascist' and 'not democratic'

9 months ago

Coronavirus: Google Profits Rise, But Warns Of Pain Ahead

Alphabet delivers strong set of quarterly financial results, despite advertising decline in March as global Coronavirus pandemic starts to bite

9 months ago

Coronavirus: IBM Pulls Annual Forecast As Client Priorities Change

Worldwide pandemic hits software sales, as IBM warns that its customer priorities are changing and it withdraws its annual forecast

9 months ago

Twitter’s Dorsey Survives Shareholder Revolt, Reconsiders Africa Move

Jack Dorsey survives intervention by activist shareholder group, after admitting he will reevaluate plans to move to Africa due to…

11 months ago

Twitter CEO Jack Dorsey Faces Ousting Attempt By Shareholder

Activist shareholder Elliott Management has reportedly taken a sizeable stake in Twitter and is seeking Jack Dorsey's removal

11 months ago

Facebook Cancels F8 Developer Conference Over Coronavirus

As shares on Wall Street and global market continue to tumble, Facebook cancels its annual developer conference due to coronavirus…

11 months ago

Microsoft Warns Of Coronavirus Impact

Redmond does not expect to meet its guidance for sales of Windows and Surface devices due to the coronavirus outbreak

11 months ago

FinTech Part 2: Building the FinTech Ecosystem

How are FinTech companies innovating? What's the tech that sits behind the development of their apps and support networks, and…

11 months ago

Apple Admits Coronavirus Will Impact iPhone Supplies

Coronavirus update. Apple admits it is experiencing “slower return to normal conditions” and warns of iPhone supply shortages

11 months ago

OECD Confirms Rewrite Of Global Tax Laws

Digital tax. 140 governments agree to rewrite cross border tax laws that will increase the tax paid by tech giants…

12 months ago

Facebook Shares Fall Amid Sharp Rise In Costs

Social networking giant delivers strong financial results, but investors took fright at big increase in expenses and costs

12 months ago

FinTech Part 1: A New Payments and Banking Landscape

As one of the fastest-growing sectors, FinTech is building technologies and services that will touch every consumer and business. In…

12 months ago