United States
Ford to invest $9B in US plants
As part of the labor agreement, the US automobile major Ford has decided to invest $9 billion in plants located in North America. Similarly, General Motors (GM) has also assured the labor union on investment of $1.9 billion and Fiat Chrysler to invest $5.3 billion as part of the contracts signed with the labor union.
Investcorp buys hedge fund of SSARIS
Bahrain-based Investcorp Bank BSC has acquired hedge fund business from SSARIS Advisors LLC. The acquisition of hedge fund from the fund business of the US company will enhance product range of Bahrain's bank as the business is expected to add $800 million in discretionary and advisory assets to Investcorp Bank.
The new accurate way to measure the world’s wealthiest countries
New World Wealth (NWW), a South Africa-based market research consultancy, released the lists of wealthiest countries, ranked by using its own new method.
Snapchat video reaches 6 billion views a day
Messaging app Snapchat announced it is generating 6 billion video views every day. The number is three times the number of daily views in May.