AcoDunja Markovic

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Alibaba's Ant Financial Raises $4.5 Billion In World's Largest Private Tech Investment Round

Alibaba's Ant Financial Services Group, one of the world’s largest online financial services companies, announced today that it has completed a US$ 4.5 billion Series B round of financing.<p>This latest influx of cash is the largest private-funding round for any internet company and according to …

Financial Services

No, Queen Elizabeth Doesn't Want Britain to Leave the EU

Buckingham Palace on Wednesday dismissed as “spurious” a newspaper report that Queen Elizabeth backs a British exit from the European Union, saying …

Bankers jostle to be junior as UK accountability rules kick in | Reuters

LONDON (Reuters) - New rules to hold bosses responsible for wrongdoing at British banks is deterring some bankers from taking on senior management roles and even prompting big-hitters to play down their own importance, say legal and compliance experts.<p>Scyscrapers of banks at Canary Wharf in London …

Driverless Cars Could Drive Car Insurance Companies Out Of Business

When autonomous vehicles rule the roads, they will eliminate the estimated 90 percent of traffic accidents caused by human error, which could save 30,000 lives per year and, according to an advisor to car insurance companies, wipe out car insurance companies.<p>“Cars are not going to crash nearly as …

Car Insurance

The Latest Trade Figures Out of China Are Gloomy

The latest trade figures out of China depict a dreary start to the year and may only heighten anxieties about a serious economic slowdown in the …