China has confirmed that it has detained two Canadian men in what appears to be retaliation for the arrest of Huawei’s chief financial officer.

The US Senate has passed a resolution stating Crown Prince Mohammed bin Salman is responsible for the killing of journalist Jamal Khashoggi.

Theresa May’s hopes of getting EU leaders to help her push her Brexit deal through parliament have been dealt a severe blow as she prepares to return home and face her party.

The UK’s big four auditors will next week face an unprecedented move to limit their market share and allow smaller rivals to gatecrash their self-confessed oligopoly as regulators shake up a sector rattled by a string of corporate collapses.

Mike Ashley has been rebuffed by Debenhams after he offered a £40m loan to bail out the struggling department store amid speculation it had “zero chance of survival”.

 

Brexit uncertainty has pushed a key measure of the housing market to a six-year low, according to surveyors.

Shares in Superdry have plunged by more than a third after it issued its second profit warning in less than two months – blaming mild weather for a potential £22m hit to its bottom line.

TECHNOLOGY TOP STORIES

Bengaluru tops among Asian cities for technology enterprises

The Indian technology capital has been named the best location in Asia for technology companies to operate, according to a Colliers International report

Following it are Singapore and Shenzhen– in terms of starting and expanding technology operations in Asia, said the report on Wednesday.

Joe Verghese, Managing Director, Colliers International India, stated that: “Bengaluru’s boost comes from its socio-economic strengths that has set it to be the fastest-growing in Asia with an average predicted annual GDP growth of 9.6% till 2022.”

He also emphasized that as the natural hub for technology start-ups, Bengaluru has attracted the highest quantum of start-up investments at an annual average of $4bn over the last three years.

The report named “Top Locations in Asia: Technology sector” identified that “Bengaluru scores 68% in the ranking and comes first overall. Bengaluru is the largest office market in the country with total Grade A stock of 141 mn square feet (13.1 mn square metre) spread across multiple micromarkets.”

The report also stated that Bengaluru is set to become the fastest-growing city in Asia over the next five to ten years and will reap benefits from a wide and deep talent pool. The other Indian cities which figure among the top 10 are Hyderabad and Mumbai. Hyderabad ranked seventh, while Mumbai ranked tenth. Delhi-NCR, on the other hand figured at the 11th position.

-GBO Correspondent.

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