FACEBOOK TAKES AIM AT E-COMMERCE WITH LIBRA

Facebook has unveiled plans to launch cryptocurrency called Libra next year as part of its efforts to expand beyond social networking. However, consumer privacy concerns and regulatory barriers may present significant hurdles for the move. Facebook has linked with 28 partners to form Libra Association, a Geneva-based entity governing its new digital coin to be […]

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RENAULT INTERESTED IN FIAT CHRYSLER MERGER OFFER

The French carmaker Renault has said it would study with interest a 50-50 merger proposal from Fiat Chrysler Renault said it would enter talks on a merger to create additional value while improving its manufacturing footprint. Investors cheered the prospect, with Renault’s shares soaring 15 percent in midday trading, and Fiat Chrysler stocks up more […]

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