Britain decided to leave the European Union in what was clearly a shock to the markets. A consensus put the possibility of ‘Brexit’ at 9% a mere few hours before the EU Referendum took place on the 23rd June. As results started flowing in, so did the markets tumble. Several index futures including the S&P and Stoxx were down 5%, hitting their lower limits for the day. The pound took a massive beating falling to a 31-year low. Brexit came at a time when markets have already been struggling due to a weak global economy and has added to the prevailing uncertainty.
INTRODUCTION The mega US$26bn acquisition of Linkedin by Microsoft, which will see world’s largest professional cloud joining hands with world’s largest professional network has caught the attention of users and professionals alike. Through the medium of this article, we attempt to break down various facets of the deal and try and make sense whether the... Continue Reading →