Category: Business

According the reports, Thomson Reuters is in the process of cutting 3,200 jobs or 12 per cent of its workforce, to scale down costs over the next two years.  The news and information company made the announcement at its annual investor day conference in Toronto. Background  Thomson Reuters Corporation is a Canadian multinational mass media…

Microsoft briefly reclaimed its title as the world’s most valuable company from its longstanding rival Apple, almost two decades after it sat atop the stock market rankings. Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington. It develops…

Elon Musk has agreed to step down as chairman of Tesla’s board for three years as part of an agreement with the SEC to resolve a securities fraud case. He will also pay a $20 million fine. Tesla is an American automaker founded in 2003 by Elon Musk. It specializes in electric cars, lithium-ion battery..

Uber and Grab reached an agreement to allow Uber’s share of Southeast Asia to be acquired by Grab, resulting in increased market share for the latter. However, Singapore, and other countries in the region,n are wary of this creating an anti-competitive environment. Singapore is the first to levy significant fines on both countries..

Fintech is widely seen as a disruptor of the traditional asset management industry with their heavy use of technology, low overhead and their millennial appeal. However, it remains to be seen if fintech firms can remain sustainable in the long-run with their narrow focus on millennial clients. The Millennial generation…

Money managers are realizing the benefits of consulting charitable organizations for specialized knowledge regarding the social aspects of their sustainable investments. Impact investing is an asset management strategy where social and environmental values are valued as much as financial..

The impending reclassification of S&P 500 sectors will cause upheaval among tech companies like Facebook and Alphabet, and impact investor portfolios. S&P Dow Jones Indices is reclassifying its industry taxonomy – the Global Industry Classification Standard (GICS). The high growth tech..

The Big Four Accounting firms – Deloitte, KPMG, Ernst and Young, and Pricewaterhouse Coopers – are increasingly under pressure to split off their audit business from their other business lines amid global scandals of negligence and misconduct. The Big Four provide audit services to 99 percent..

Daniel Zhang will replace founder Jack Ma as chairman of Alibaba in September 2019, adding the role to his job as chief executive of China’s most valuable company. Second to only China’s Premier Xi Jinping, Jack Ma is one of the most recognizable faces in China. He is the CEO of the highly successful e-commerce…

Amazon has briefly become the second US-listed firm to have a market value of more than $1 trillion (£779bn). Bezos is now worth over $165 billion, ahead of Bill Gates, whose wealth is at just over $98 billion. Amazon is an American electronic commerce and cloud computing company that was founded on July 5th, 1994.…