International Finance

Category : Business Leaders

Business Leaders

Microsoft to acquire LinkedIn

IFM Correspondent But even after the deal is sealed, LinkedIn will continue to function independently June 14, 2016: Microsoft on Monday announced a $26.2 billion deal to acquire professional networking platform LinkedIn for $196 per share. The market gave a mixed reaction to the announcement. While shares of LinkedIn surged 47 percent to near $193,...
Business Leaders

myPINpad appoints a new member to its board of directors

Card and payments expert Robert Courtneidge joins June 10, 2016: myPINpad, a UK based technology company, which enables multi-channel and multi-factor authentication on unsecure devices such as mobile phones and tablets via the Cardholder PIN, announced it has appointed Robert Courtneidge to its Board of Directors. Courtneidge brings over 25 years of experience in the...
Business Leaders

‘Lazada and Alibaba partnership will bring significant synergies’

Giovanni Puglisi Interview with Riccardo Basile, Chief Commercial Officer of Lazada Group June 6, 2016: Lazada is Southeast Asia’s undisputed retail giant. However, data by Rocket Internet, the Germany-based company behind Lazada, reveals that despite strong revenues, the e-commerce giant has struggled to generate profit. The company’s latest financial results show €275 million in revenue...
Business Leaders

SoftBank to sell Alibaba shares, raise $7.9 billion

But will continue to be the largest shareholder of the ecommerce giant June 3, 2016: Japan’s SoftBank announced that it will sell at least $7.9 billion in shares of China-based ecommerce giant Alibaba to raise capital. Softbank is Alibaba’s largest shareholder. It owns about 32 percent of the shares. The transactions will bring the figure...
Business Leaders

Zapper strengthens leadership team

Jon Birt and Jason Cooling join Zapper, both have over 25 years of experience June 2, 2016: Zapper, a global data insights and mobile payment platform, appointed Jon Birt as its retail sales director. Birt has over 25 years of retail account management experience. He specialises in managing the convenience and symbol group sectors, which...
Business Leaders

Cifas appoints a new chairman

Lady Barbara Judge will take up the role in September May 31, 2016: Cifas, the UK’s fraud prevention service, announced the appointment of Lady Barbara Judge as the organisation’s new chairman.  Lady Barbara will officially take up the role in September 2016, when she succeeds the outgoing chairman, Ken Cherrett, who is standing down after...
Business Leaders

ebizmarts appoints MD for UK, Europe

John Fitchett to grow the adoption of ebizmarts’ omnichannel cross-border payment interfaces May 30, 2016: ebizmarts, a leading point of sale (POS) provider for the Magento retail ecosystem, announced the appointment of John Fitchett as managing director of UK and Europe. Fitchett brings a deep understanding of payment gateway infrastructures and technologies to the fast-moving...
Business Leaders

Debris of EgyptAir flight found

However, it is still unclear why the accident took place May 23, 2016: The first images of wreckage and debris of the EgyptAir flight that crashed into the Mediterranean Sea last week have been released. The Airbus A320, which was carrying 56 passengers and 10 crew members, had just crossed from Greek airspace into Egyptian...
Business Leaders

Saudi oil minister removed after 20 years in the job

He has been replaced by Khaled al-Falih, who heads Saudi Aramco IFM Correspondent May 12, 2016: After announcing reforms to overhaul the economy in April, Mohammed bin Salman, the deputy Crown Prince of Saudi Arabia announced a government shake-up. The Prince announced the removal of veteran oil minister Ali al-Naimi. He has been removed after 20...
Business Leaders

Cochin airport takes off on solar power

World’s first solar powered airport has more electricity than it needs Suparna Goswami Bhattacharya May 10, 2016: As the plane hovers over Cochin airport in India, you will be astonished to see a large number of solar panels in the vast compound. There are more than 46,000 of the reflective panels tapping the rays from...