There have been allegations that some of Britain’s most revered cultural institutions have broken its code of ethics in the way they dealt with one of their commercial sponsors, BP and the allegations are being investigated by the Museums Association, reported… Read More ›
Month: April 2016
Qatar’s push for seat Balked by VW executive committee: Reuters
A request that has met with substantial opposition, shareholder Qatar has asked Volkswagen for a seat on the company’s executive committee as they are frustrated with the pace of reform at Volkswagen, reported Reuters quoting two sources familiar with the… Read More ›
France’s smart maneuvering landed it a lucrative defense contract
The contract would have originally gone to Japan, but France with her smart quick made the contract her own. In 2014 when the Japanese Prime Minister met his Australian counterpart to make a $40 billion deal for the manufacturing of… Read More ›
Eurozone Economy Speeds up En-route to Recovery
The official statistics state that the eurozone’s economy grew by a faster-than-expected 0.6% in the first three months of the year. The growth was above analysts’ expectations 0.4% and from the 0.3% rate recorded in the previous quarter the growth… Read More ›
His Entire Stocks in Apple Cold by billionaire Investor Carl Icahn
Citing the risk of China’s influence on the stock, Carl Icahn, the the billionaire activist investor who has long been one of the most prominent voices declaring the company to be undervalued says he has sold his entire stake in… Read More ›
Germany in talks with Panama in the wake of the Panama Papers
After the leak, Panama has come increasingly under international scrutiny with countries wanting increased cooperation and transparency. In the wake of the leak of the Panama Papers, Germany’s Chancellor Angela Merkel has spoken at length with Juan Carlos, Panama’s President… Read More ›
The Eurozone’s economy registers significant growth
Despite deflationary tendencies snapping at its heels, the Eurozone registered a strong economic growth principally by the economies of France and Spain, its growth was 3 times the growth registered by the U.S. economy. In this year’s first quarter, the… Read More ›
Delta Airlines places orders for 37 A321 from the Airbus Group SE
The deal is worth $4.25 billion. In addition to this, it has also placed an order for 75 CS100 aircrafts from Bombardier Inc. In order to help replace its ageing fleet of aircrafts, Delta Airlines has reported that it has… Read More ›
Scottish Power awards Siemens to build EU’s largest offshore wind farm
This is in line with the British government’s efforts to incentivise low-carbon power production. In a move that would enthuse green energy backers, Siemens has won a five year contract worth $1.2 billion (833 million pounds) to build and service… Read More ›
Comcast enters into preliminary talks to purchase DreamWorks Animation
Many have unsuccessfully tried to acquire DreamWorks Animation, will Comcast succeed where others have failed? The Wall Street Journal has reported citing sources familiar with the matter at hand, that the largest cable operator in the U.S., Comcast Corp, has… Read More ›