Gland Pharma’s backers include U.S. based KKR & Co LP while Shanghai Fosun Pharma has Guo Guangchang, China’s best known entrepreneur, as its founder. According to sources with direct knowledge of the matter at hand, the Shanghai Fosun Pharmaceutical Group… Read More ›
Month: July 2016
Numerous British surveys shows the impact of Brexit on Britain’s economy
This is a good time to invest in properties in Britain. Property prices have taken a direct hit following Brexit. The impact of Britain’s historic decision to leave the European Union is now making its presence felt across Britain with… Read More ›
Travel to Europe could be Upended by JetBlue’s New Airbus
A European expansion that could start by 2019 is the target of JetBlue and the airline is positioning itself to grab some of that market share. 15 Airbus A321neo, the new engine option aircraft, would be converted to the A321LR,… Read More ›
At Heart of 1MDB Case is Saudi Royal Oil Group
The PetroSaudi International has been left grappling with questions by the US authorities over its dealings with the scandal-racked 1MDB, the Malaysian state wealth fund. This Saudi company that was co-founded by a Saudi prince and claims to a “partner… Read More ›
India replaces China for Apple’s growth engine
Its growth rate in India has jumped by 51%. In a development that has soothed the ruffled feathers of industry analysts, Apple has reported that it has sold more iPhones than Wall Street had estimated thus enabling its revenues to… Read More ›
Britain woos companies with a discount of upto 90% for oil and natural gas
The region that it has now opened up was subjected to a seismic testing campaign last year. In a bid to contain the fallout of its historic vote, Britain has now drastically reduced its rental fees in its latest tender… Read More ›
VW settles U.S claims with $15.3 billion
However, VW is still on in the all clear. It will have to wait till October 18 wherein U.S. District Judge Charles Breyer will pronounce his verdict in a final approval. In a significant development in Volkswagen AG’s history, a… Read More ›
Zenefits settles with Tennessee regulators for $62,500
However investigations are still ongoing at Washington, Massachusetts and California. The company will count itself lucky if it can get off as lightly as this. According to officials from the state of Tennessee, Zenefits must pay the state $62,500 for… Read More ›
SK Hynix reports drop in second quarter profits
The launch of premium electronic products in the third quarter are likely to lend support for its DRAM and NAND chips. South Korean memory chip manufacturing giant, SK Hynix Inc. has reported a fall in its second quarter profits, its… Read More ›
Amazon exploring possibility of using drone delivery tech in UK
According to the Federal Aviation Administration separate regulation will be required before this service can commence in the U.S. In a significant development, Amazon.com has reported that it has entered into a partnership with the British government so as to… Read More ›