alibaba single day record
Business
5

Alibaba Hits Single’s Day Record Sales Again – $25 billion

Alibaba is setting record from time to time. Now, another Single’s Day record has emerged when the e-commerce leader made sales of more than $25 billion in product on the Chinese largest online shopping date. In its full figure comes 163.8 billion RMB, which is approx. $25.4 billion. This has …

investors
Business

Finance Minister, CBN, Foreign Investors Disagree On Naira’s Future

Nigerian officials are progressively self assured that the naira’s problems are over for good. Some investors, however, have different opinion. As stated by Bloomberg, portfolio inflows have move upward in the past three months with crude prices increasing above $60 a barrel and money managers taking heart from a new …

Robotics
Business

Toyota Seeks More Investments In Israeli Auto Tech, Robotics

Auto giant Toyota Motor Corporation is attempting to find  more investments in Israeli robotics and vehicle technologies after its venture arm create a $14 million investment in Intuition Robotics in July. The startup, which makes robots for the elderly, was the first Israeli investment for Toyota AI Ventures, a new …

MTN
Business

MTN Focused On Preparing For Nigeria Unit IPO In 6 Months

MTN Group are concentrated on placing the basic work for an initial public offering of its Nigerian business and e process should be complete in the next six months, Rob Shuter chief Executive Officer said. “We have a lot of cosultants running around to get everything ready,” he said this …

amazon shares
Business

Amazon Shares Pass $1,000 With Q3 Financials

Amazon, not really known for upsurging quarterly gross estimates, announced a huge gross beat in its 3rd Quarter earnings report today. From the normal anticipation of just 1 cent per share,even when analyst forecast 3 cent, Amazon raised 52 cents per share, precisely equalling its past year earnings total. $43.74bn …

Business
2

Google Commits $1 Billion To Train United State Workers For High-Tech Jobs

The nature of work is becoming different on a global level at a quick pace. Sure, it’s not the first time work has been dramatically influenced by technology, but the growth of automation, robotics, AI and the like have the potential to displace jobs at an unprecedented rate. And Google …

Volkswagen
Business
1

Volkswagen Gave Electric Trucks A Big Push

Volkswagen’s dedication to electric vehicles grow bigger, both in its range and the size of the vehicles. Volkswagen Group, the parent company of big-name automakers like VW, Audi, and Porsche, just draw plans to electrify bigger vehicles like trucks and buses. VW Truck & Bus division head Andreas Renschler told …

Alibaba
Business
1

Alibaba Launches $15 Billion Overseas R&D Program

China’s top e-commerce company, Alibaba Group Holding Ltd, is launching a $15 billion drive to construct overseas research hubs as the deep-pocketed firm looks to participate with global leaders in e-commerce, logistics and cloud technology. The Alibaba ‘Damo’ academy would launch eight research bases in China, Israel, the United States, …

reform
Business
1

UK Left Out In IMF Global Economic Growth Reform

International Monetary Fund (IMF) has upgrade its expansion forecasts for all advanced economies except for united Kingdom. The world’s lender of last resort said in its latest World Economic Outlook that Brexit uncertainties were continuing to hold the UK back, keeping vital figures from its summer reduction. It predict a …

Forex
Business
3

China’s Forex Reserves Rise To USD 3.1 Trillion

Forex reserves of China, the highest in the world, move up for the eighth month in a row to over $3.1 trillion in September as pressure from capital outflow eased, according to official data released today. In January, the Forex reserves plunged below $3 trillion, but as the economy stands …

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