Alibaba Group Is All Set to Invest $15B in Global Research and Development

Alibaba Group is one of the most successful sales service providers across the nation. Finally, it has confirmed its future plan. They will be investing more than $15 billion over the next three years in the field of global research and development, which they have named as Alibaba DAMO Academy (Discovery, Adventure, Momentum and Outlook). The tech …

A $500 Billion ‘Liar Loans’ Looming Threat to Financial Stability of the Country

Australia’s most respected banking analyst, Jonathan Mott from UBS is of the opinion that one-third of the borrowers who took out a mortgage in the last one year gave some false financial information to their lenders. This lack of completely factual financial information can now threaten the entire financial system of the country. This is …

HPE Beats the Market Expectations in Its Q3 Results

When HPE (Hewlett Packard Enterprise Co) published its Q3 financial results on Tuesday, it beat the market expectations.  Wall Street was expecting non-GAAP earnings of 26 cents, while the company reported 30 cents a share. It reported revenue of $8.2 billion as against the expectations of $7.49 billion. Meg Whitman, the CEO of the company said, “The results …