Morgan Stanley said it will buy discount brokerage E-Trade Financial Corp in a stock deal worth about £10.7bn ( $13bvillion), the biggest acquisition by a Wall Street bank since 2008 financial crisis. Morgan Stanley CEO James Gorman enters into an ambitious course with a $13billion e-trade deal. In 2009 Morgan Stanley purchased Smith Barney…
Alstom, French high-speed rail supplier Alstom has agreed to buy Canadian Bombardier’s train unit in a €7.5bn deal, in the face of Chinese competition and growing demand in Europe, a year after their attempt to build a European rail champion with Germany’s Siemens division was blocked by regulators. Henri Poupart-Lafarge, born in Nancy, France, Alstom’s CEO…
Laundrapp, an on-demand laundry and dry cleaning service start-up founded in 2014, by one of City of London’s most successful entrepreneurs, collapsed into administration on Friday, wiping out all its investors, including Mr. Spencer. The founder of Interdealer broker ICAP and substantial donor to the Tory party was the main investor in the laundry service…
Cambridge world’s second best university by The Times Higher Education World University Rankings , ranked 3rd worldwide by Academic Ranking of world universities, 6th by QS and 7th vt US News. Cambridge’s reputation as global centre for innovation is damaged by the battle for technological supremacy between China and US, Several universities in the UK…
Rajeev Misra, , a London-based banker and the head of Soft Bank’s $100bn Vision Fund has lined up millions of dollars outside investment for a new hedge fund style vehicle, to pursue complex bets on publicly traded companies., with able support from Abu Dhabi’s state fund Mubadala, which in turn has helped to instil interest…
Savage X Fenty Rihanna’s clothing business has made waves in the fashion world by calling for inclusivity, diversity and taking fashion into a new level by striking a deal with Amazon Prime, and by putting female desire at the forefront. It’s about making women look good in their own eyes, no the eyes of someone…
More is an eloquent and detailed new history of the global economy from Philip Coggan, a senior economist journalist, and former Financial Times columnist – is very concerned that what compound economic growth has achieved is not even generally appreciated. More takes us through the development of the world economy starting with the first obsidian…
Britain is in discussions with China to put its troubled high-speed railway HS2 back on track after Beijing claimed it could build the line in only five years with reduced costs and to accommodate faster trains. This comes back in the hells after Boris Johnson’s government angered US President Donald Trump by giving Chinese telecoms group Huawei…
The fourth quarter ticket sales for US films in India were up 114 per cent on a year earlier while Bollywood’s box office take rose only 34 per cent. Hollywood superheroes encroach on Bollywood’s local dominance, as in the past American films struggled to make a splash in India, where Mumbai based Bollywood and other…
Richard Layard founder and former director of the centre for Economic performance at the London School of Economics, forget the GDP, we need to focus on trust, relationships and our mental health in nutshell it is about happiness, after looking across 3,096 USD counties that participated the 2016 US election, votes for Trump were better…