Credit World News

What will be the next strategy of Amazon and how are they going to execute it? That was the discussion when Alibaba came up with its triumphant $21.8 billion initial public offer proclaiming themselves as the most valuable ecommerce company in the world. During the first day of trading Alibaba was much ahead of Amazon and eBay combined. Alibaba’s e-commerce business includes wholesale, retail, group buying, and payments. . In the last 6 months they have invested $8 billion in startup firms and even entering into the US and European markets. Alibaba doesn’t have a warehouse; they don’t sell directly, they just give an open marketplace for the sellers. Sellers include small business owners and big brands where they sell their products through the site- in short Alibaba connect sellers and buyers. This method is totally against the traditional retailing, but has helped them to get more profit than Amazon with a margin of 40% with $2 billion of earnings in the first quarter. Amazon f...

The Scotts will decide whether they have to continue as a part of Great Britain on September 2014. When whole of Scotland goes for referendum on September 18, the Westminster will be in a sure dilemma about the future policies, if the Scotts vote yes for a separate country. Starting from shifting the Falsane Naval base now in Scotland, to the Olympic team who always bring more medals because of the Scottish talent. The war for identity started in the 14th century, continued till 1707 when Scotland finally united with Britain making Great Britain. Then onwards Scotts were not truly happy with the various policies adopted by the UK government, which mostly favored Wales and England. This dissatisfaction was triggered by the favoritism of late PM Ms Margaret Thatcher, who gets the maximum credit for uniting Scotts with her policies, especially for Poll Tax in 1989 and thus being the most hated person among the Scotts. This tax was a kind of community charge introduced by Tories (Cons...

Proactive Re Branding happens when a company is looking to reach an expected goal, especially when the growth has to be from the international market. The consolidation of the existing products and services is done for the consistency and also to save the money. This movement can appeal the audiences, and bring back the relevancy of the company. Reactive Re Branding happens when companies are looking for a particular event to happen like M&A, Negative Image, Legal issues, and major competition from other companies. For obvious reasons many bigger brands has embraced this technique which has helped them in increasing their brand value. J Crew, the American retailer company started in 1947, and which was very popular and successful, was facing crisis during 2003, and the company started its re branding efforts by appointing a new CEO, who was well experienced with brand ‘ Gap”. J Crew, as an initial step started off with a new catalogue which J Crew never had. Same time the...

Wearable gadgets are capturing all sectors of industry and finance sector is slowly adopting these gadgets.. The e trend in finance domain started with calculator, now it is Google Glass, and its companion app My Glass, Smart Watches, interactive t-shirts , washable ear phones in hood, USB necklaces, USB cufflinks, Fuel bands, iWallets, and Bluetooth Gloves are few in this series. Gadgets which are making maximum changes in finance domain maybe the smart glasses for eg Google glass. There are few European banks which are making their accounts viewable through Google glass for their customers. Westpac’s New Zealand office is even developing their on app for the customers. The company is looking for an app which gives their client a peripheral vision which will be like a real time experience. The smart watches are no less in using advanced technology, they send alert signals according to the changes in share market and they can also used in checking bank accounts. Wearable are chos...

This year the State of Colorado gained world’s attention when it became world’s first state –licensed place for marijuana business. Drug business across the world is growing every year causing greater threat to the entire humanity. In 2012 itself around 1, 90000 deaths were reported due to drug abuse, that too between the age group 15-64. Another alarming data is that, in the same year nearly 324 million people in 15-64 age groups used one at least illicit drug once. Around 39 million people have regular drug usage and having physical and psychological problems while only one in six of them have an access to medical facilities. The number of people who injects the drug will come around 13 million, which is 0.64% of the population aged 15-64. One amazing fact is that most of the drug users are from Eastern and South- Eastern Europe. It is very shocking to know that 14% of the drug addicts are infected with HIV due to the use of shared syringes. Majority of such HIV patients are fro...

Is the concept of Sharing Economy an answer to economic inequality? Under this shared economy the access to the products and services are shared between the consumers even though the ownership is limited. This opens a new array of opportunities for the sellers and the buyers. When assets and services are digitally available then there is no reason for this new trend to not gain popularity. Pioneered by eBay in 1995, as a peer to peer auction model, sharing economy or collaborative consumption started off with lot of inadequacies due to the lack of full-fledged support system during those days. The service offered by them was only for an auction of apparels. Starting from bartering, bike sharing, book swapping to seed swap, share taxi, virtual currency, all are shared in this mode of collaborative consumption. Collaborative lifestyles, product service systems and redistribution channels make this sharing economy lively and innovative. AirBnB, an online home rental marketplace for...

Digital mug shots, iris scan, and DNA reports are more extensively used by various governments these days to locate criminals and preventing crimes. Earlier the main method of identifying a criminal was strictly restricted to finger prints which are a main piece of forensic evidence. During the Afgan war the US expanded its biometric methods in preventing the crimes. History of biometric technology dates back to 14th century, in China. Barros, who was exploring China, found that the Chinese merchants were stamping children's palm prints and footprints on paper with ink so as to differentiate between young kids. This could be the most primitive known cases of biometrics in use and is still being used today. Fingerprints identification, is the talebearer, which the bomb makers and thieves mainly leav behind. There are millions of finger print database with many defense agencies like FBI, now they are preparing the database of facial recognition algorithms, iris match technolog...