Information Technology NEws

NASDAQ vs The DOW

If you thought all the major indexes moved together, think again. Between June 8 and the close on Friday June 26, the Nasdaq beat the Dow in 11 of 14 trading days.  During 8 of those days the gap was half a percent point or more.  The end result was that by the close on Friday, June 26th the Nasdaq was down only 1.7% while the Dow fell 9.3%. Although not as pronounced as the recent behavior, the Dow has lagged the NASDAQ during most of the pandemic.

Whereas the Dow contains only 30 members, the NASDAQ is made up of over 2,700 companies. To be clear, the term “The Nasdaq” refers the Nasdaq Composite Index which contains roughly 90% of the companies that trade on the Nasdaq Stock Exchange.  One common confusion is between the Nasdaq 100 Index and the Nasdaq Composite Index.  The Nasdaq 100

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A look inside Europe’s $7 trillion technology market

There’s no doubt US tech stocks have thrived in 2020, but a raft of their European counterparts have returned huge profits for investors during the first six months of this year.

Sinch, the Stockholm-based cloud telecoms firm, is up a teeth-kissing 170% year-to-date. Second-best is Dutch fintech play Adyen: its market cap grew from $223 billion to $389.4 billion, driving its stock price up by 74%.

The NASDAQ 100 (NDX) is commonly used as a benchmark for the US tech industry. 17 tech firms in Europe have outperformed the NDX this year.
The NASDAQ 100 (NDX) is commonly used as a benchmark for the US tech industry. 17 tech firms in Europe have outperformed the NDX this year.

Swedish accounting gem Fortnox just beat Germany’s TeamViewer for third place, but they were close, both up around 52% in the past six months. It’s far less than its US counterpart Zoom Video, but still impressive.

Dutch tech stocks lead Europe in 2020

In a bid to map Europe‘s 6.12 trillion ($6.95 trillion) technology market,

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LEVICK Announces Partnership with Jipyong

Global crisis management firm LEVICK has teamed up with Korea’s leading law firm Jipyong to provide unprecedented cross-border crisis management services to multinational corporations and global organizations. Their partnership coinciding with the global pandemic crisis is expected to yield a much-needed synergy between legal and public relations professionals and a fresh perspective on how companies should approach crisis management in the post COVID-19 era.

As the business environment changes rapidly and increases in complexity, companies are facing risks and crises which they have not confronted before – from natural disasters to political risks involving regulatory constraints, labor issues, consumer rights and privacy concerns. Unlike in the past when risk exposure could be contained through controlled public relations management, advancements in information technology and social medial have rendered corporations powerless before instantaneous and geographically limitless spread of information. Risk of exposure has become far more devastating and critical to corporate survival.

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After deadly clash, India bans 59 Chinese mobile apps over ‘security’

India on Monday banned 59 Chinese mobile apps, including the wildly popular TikTok and WeChat, over national security and privacy concerns two weeks after a deadly Himalayan border clash between the nuclear-armed neighbours.

Relations between the world’s two most populous nations have been strained following the deaths of 20 Indian troops in hand-to-hand fighting with their Chinese counterparts on the western end of the high-altitude, contested border in mid-June.

The apps “are engaged in activities… prejudicial to sovereignty and integrity of India, defence of India, security of state and public order,” the Ministry of Information Technology said in a statement.

“The government of India has decided to disallow the usage of certain apps… This decision is a targeted move to ensure safety and sovereignty of Indian cyberspace.”

The statement said the move was taken after the ministry received several complaints alleging theft of users’ data and violations of user privacy.

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