China’s central bank said it is investigation market manipulation, money laundering and unauthorised financing. Chinese exchanges trading in currency have seen the price of Bitcoin fall more than 18%. Beijing is trying to crack down on money flowing out of the country illegally, as yuan’s weakening has prompted several people in China to try to…
Supreme brand Louis Vuitton unveiled its collection last month, and especially young rich people in London, Los Angeles, and Tokyo camped overnight outside stores hoping snap up the designer T-shirts and Hoodies, with Louis Vuitton stamp of approval. Many wanted to make a quick buck by reselling these valuable highly coveted name on the eBay…
The Wisdom Of Finance gives a new perspective on one of the world’s most misunderstood professions. Is there really wisdom in finance? Non-finance might argue that financiers are a greedy and reckless bunch of selfish and wealthy people who are reckless and lawless. Mihir Desai, an asset manager who teaches at Harvard business and law…
Third seed Swiss, Roger Federer became the first man to win Wimbledon eight times and extend his record to 19 Grand Slam titles with victory over Coratia’s seventh seed Marin Cilic, 6-3, 6-1, 6-4. Cilic struggled with a blister on his left foot and broke down in tears during second set. Thirty-five-year-old Federer, finished the match…
Valentina Valdimirovna Tereshkova, Soviet Cosmonaut becomes the first woman to travel into space, after 48 orbits and 71 hours, she returned to earth, having spent more time in space than all the U.S. astronauts combined to that date. Textile worker Valentina born to a peasant family in Maslennikovo, Russia, made her first parachute jump and…
Garbine Muguruza, 23-year-old, Spaniard, beat her “role model” Venus Williams to win her first Wimbledon final. Muguruza, who had failed to reach a final in the 23 tournaments since she won the French Open last year defeated five-time champion Williams 7-5, 6-0 and became the second Spanish woman to win the Wimbledon singles title. Muguruza…
Pearson is set to raise £780m ($1bn) from the sale of a 22 per cent stake in Penguin Random House to co-owner German media mogul Bertelsmann, which would reinforce German media group’s global domination of world of book publishing. Pearson Education is a British-owned education publishing and assessment service to schools, corporations and students. Over…
Brazil’s banking clans could to pay over £827m 3.5bn reals for Shares in Havaianas flip-flop maker Alpargatas for a majority stake in Havaianas. Proceeds from a sale of Alpargatas, whose shares are up sharply this year, could help pay down the heavy debt load of owners, who are also implicated in a corruption scandal. Cambuhy Investimentos…
Countess Eva Ekeblad was a Swedish noble and agronomist who discovered Vodka from potato, moonshine, potato wine and the method of extracting starch from potatoes paving way for gluten-free baking. She also discovered a method of bleaching cotton textile and yarn with soap in 1751. She was the first female member of the Royal Swedish…
Samsung to displace Intel Corp from the No. 1 spot in Semiconductor sales. Samsung Electronics reports record quarterly profit on the back of sales of memory chips and display panels for the quarter ending in June 2017. The Korean Electronics giant have overtaken Intel as the largest chipmaker thanks to neverending de3amnd for chips…