India’s largest mobile payments group, Paytm is to get $300m investment from Warren Buffett’s Berkshire Hathaway. The investment in One97 Communications signals Mr Buffett growing more comfortable with new technology and payments companies through Berkshire’s holdings in Apple and Visa. Paytm founded by a 40-year-old, Indian entrepreneur Vijay Shekhar Sharma, ranked as India’s youngest billionaire…
Yanis Varoufakis, the former Greek finance minister, clearly a fan of Adam Smith, gave a speech at the Edinburgh Book Festival, this week. His irritation with the rise of corporate power, oligopoly and monopoly which Smith was often concerned about. One of his quotes “People of the same trade seldom meet together, even for merriment…
Daikin industries the world’s largest air conditioner maker, with annual sales of ¥ 2.3tn (£16bn), is depending on Kanwal jeet Jawa, head of Indian operations, for the next phase of its global expansion. They are trying to use a novel way and break new ground in East Africa after its success in China and India. In…
Kofi Annan, Nobel peace Laureate, UN secretary-general for a decade during some of the testing times peace envoy and a global statesman from Ghana Kofi Atta Annan, born in the city of Kumasi, in what was the Gold coast in April 1938, served as the seventh Secretary-General of the United Nations from January 1997 to…
Homebase UK DIY retailer is to shed 42 unprofitable stores, 39 in UK and three in the Republic of Ireland, and up to 1, 500 jobs. Damian McGloughlin. The former Kingfisher manager who was appointed CEO of Homebase by its previous owners said the decision had not been taken lightly. “Homebase has been one of…
eBay launched in India on 2004 , failed to capitalise on India’s growing e-commerce market, last year made a cash investment of $500 million and sold its India unit to the local e-commerce giant Flipkart. On 14th August 2018, eBay India will stop taking orders and is now directing users to Flipkart to buy and sell.…
Google’s artificial intelligence business “DeepMind” is planning clinical trials of technology that can help diagnose eye disease more accurately than human doctors. In February 2018, DeepMind had developed AI technology that could analyse 3D retinal scans for signs of serious glaucoma or diabetic retinopathy after striking a partnership with Moorfields Eye Hospital in London. …
Vintage World War Two aircraft Junkers JU-52 crashed in the Piz Segnas mountainside in eastern Switzerland, near the Austrian border, killing 17 passengers and 3 crews who were on a sightseeing flight when it took off on Saturday afternoon at 5 pm. Operator JU-Air who has suspended all flights until further notice, said it was…
Snapchat is today launching new lenses that respond to voice commands. Snapchat is rolling out a series of lenses that will animate when users speak simple English world like “hi’’ , “love’, “yes”, “no” and “wow”, as opposed to taking some other action like opening their mouth or raising their eyebrows. By saying “HI” in…
Apple Shares hit the $1 trillion market value milestone on Thursday 2nd August 2018. The stock briefly hit the $207.05 per share price that was needed to bring it to the $1 trillion mark before retreating. The shares have soared after reporting better-than-expected quarterly earnings on Tuesday after the bell. The stock leapt 5.9 per…