Facebook and global advertising and public relations company WPP, has launched “ creative Ambassador Programme” in India that will empower WPP creative agencies to develop mobile first creative for their clients. Facebook and WPP will work together to instill rich creative expression on Facebook and Instagram that are beneficial for clients and people. Facebook is…
Alibaba, the Chinese ecommerce group, made an offer of HK $ 19.8 bn (£2.13bn $2.6bn) to take over a leading domestic departmental store NS Hong Kong-listed Intime Retail and redraw China’s $4.5tn retail industry. Alibaba aims to dismantle the division between online shopping and physical stores, using the big data collected from shoppers’ browsing and…
Chinese officials signalled that there were no active plans to sell further renminbi-denominated sovereign bonds after last summer’s Rmb 3bn ( £350m /$430m) auction by the Chinese finance ministry, as part of the internationalisation of China’s currency. A scheme to link the London and Shanghai stock exchanges is also put on the back burner, because…
Chinese corporate bond worth $45 million sold through an Alibaba backed online wealth management platform defaulted after a bank said letters of guarantee for the bonds were counterfeit. China Guanfga Bank Co Ltd (CGB) (GDDVB.UL) said guarantee documents, official seal and personal seals presented by the insurer of bonds are all fake. This…
With Britain Brexiting from the European Union, China has launched a direct rail freight service to London, as part of its drive to develop trade and investment ties with Europe. The Chinese government is keen to boost its economy in the face of slowing exports and economic growth. China Railway already runs a freight service from…
The Association of British Travel Agents (ABTA).has published 12 trending destinations to watch for 2017. ABTA’s report reveals almost 23 per cent of the population are expecting to spend more on their holidays, up from 20 per cent last year. Andalucia in southern Spain topped the destinations list followed by The Azores, Bermuda, Chile, County Kerry,…
In the US Amazon has filed a patent for massive flying warehouses equipped with fleets of drones that deliver goods to key locations. Ferried by airship, the warehouses would visit places Amazon expects demand for certain goods to rocket, like fast food and souvenirs to spectators near sporting events. The patent expands use of drones…
On Tuesday morning two planes IndiGo 6C-729 from Lucknow to Delhi with 176 passengers on board and a Spice Jet SG12 going to Hyderabad which was preparing to takeoff had a near miss at the Delhi’s Indira Gandhi Airport. According to the report there was miscommunication in the Air Traffic Control and the planes came…
Three gold loan companies from Kerala have grown from 195 tonnes two years ago to 263 tonnes by the end of September 2016. Between them, they have gold deposits in their vaults higher than the gold reserves of Belgium, Singapore, Sweden or Australia. Muthoot Finance, Manappuram Finance and Muthoot Fincorp accounts for approximately 30 per…
