In a statement, the U.S. Department of Justice said, Novartis AG has agreed to settle U.S. government charges that it had made illegal transfers, in the nature of kickbacks, to doctors and patients, in order to boost drug sales. Swiss… Read More ›
Britain’s Vodafone has hired Jean-Francois Van Boxmeer, the current CEO of Heineken, as its chairman. He will succeed Gerard Kleisterlee from November 2020. Van Boxmeer, a Belgian, will join Vodafone as a non-executive director on July 28. Since 2005, Boxmeer… Read More ›
In a statement, General Motors Co stated, it was gradually restarting its transmissions and motors lines at its Mexican plants in Ramos Arizpe located in the northern state of Coahuila and in the central city of Silao. The assembly plants… Read More ›
In a report on Friday, an article from Britain’s The Times newspaper stated, Prime Minister Boris Johnson has instructed civil servants to draw up plans to end the UK’s reliance on China for vital medical supplies and other strategic imports…. Read More ›
There was a 99.7 per cent year on year drop in car manufacturing in Britain in the month of April because of the novel coronavirus related shutdowns. According to the industry body, Society of Motor Manufacturers and Traders (SMMT), the… Read More ›
One provides the canvas, the other produces the artwork. For two years now, the two companies have merged their operations, thus providing each other with new technological tools. In an industry where technological advance is key, the alliance between the… Read More ›
In a significant development, six U.S. sources familiar with the negotiations have disclosed, the United States is negotiating the sale of at least four sophisticated aerial drones to Taiwan. Armed with the SeaGuardian surveillance drones, that have a range of… Read More ›
On Friday Mitsubishi Motors Corp said its chairman Osamu Masuko has resigned due to health reasons and has handed over the role of the chairman to CEO Takao Kato as a temporary measure. Masuko, a veteran of the Mitsubishi conglomerate,… Read More ›
Japanese auto maker Toyota Motor Corp managed to pull out a very small quarterly profit which as the lowest for it in nine years as the company struggled to cope up with the hit to the global economy due to… Read More ›
German airlines Lufthansa has served notice to its German workers for compulsory lay-offs on Thursday as the embattled airline the job cuts were unavoidable as it had made a loss of 1.7 billion euros ($2 billion) in a single quarter… Read More ›
On Thursday, in a development that marks the challenges facing the Japan’s automaker Toyota Motor Corp, the carmaker posted a record 98% plunge in its first-quarter operating profit after the Wuhan coronavirus, which emerged from China, induced a slowdown in… Read More ›
In a statement, Canadian Finance Minister Bill Morneau said, he spoken with his counterparts from Britain and the United States and discussed the need to support global supply chains midst the coronavirus outbreak. The call hosted by Morneau also saw… Read More ›
On Thursday, in a statement Uber said it was in the process of acquiring Autocab, British tech company which sells booking and dispatch software to private hire firms. The deal has synergies stemming from the fact that it will allow… Read More ›
The results of a survey have provided some encouraging news for the United Kingdom economy. Data showed that the growth of businesses in the services and manufacturing sectors of the country in the month of June was the fastest more… Read More ›
Despite the novel coronavirus pandemic forcing closure of most of its entertainment parks all across the globe along with the closure of movie theaters and sporting events, Walt Disney Co managed to eked out an adjusted profit and avoid the… Read More ›
In a significant development, major advertisers, including Procter & Gamble, Ford Motor Co, and Unilever, and trade associations, have formed a partnership to develop industry standards for targeted advertisements. Targeted ads, a data driven strategy used to target consumers based… Read More ›
