In a long-delayed deal that will equip India’s air force with advanced fighter jets Indian Prime Minister Narendra Modi has finalized an order to buy dozens of warplanes from France. A contract to purchase 36 Rafale jets from Paris-based Dassault Aviation… Read More ›
As the United States languished in the middle of the pack of large economies, with relatively better growth and liberalization providing ballast to economies in Asia, the world’s largest economy just isn’t what it used to be, suggests a new… Read More ›
Societe Generale can face 2.2 billion euros in tax deductions since it had benefitted from the same earlier in 2010. The government of France has indicated that if the verdict from a court of Appeals were to rule that Jerome… Read More ›
The move consolidates Grab’s foothold in the Southeast Asian market. Grab, a ride-hailing company which is giving Uber the shivers in Asia, has partnered with a Singaporean startup which specializes in driverless-technology thus further strengthening its hold on the Southeast… Read More ›
Despite numerous sources of credit, Hanjin Shipping is still short of 270 billion won to unload all of its cargo. The non-unloading of its cargo is likely to impact the upcoming holiday shopping season. In a development that could act… Read More ›
The halt in production of its top selling model comes due to the breaking of a piston rod inside an engine of its plant. Volkswagen has stated that it will halt production of its Golf hatchback at its Wolfsburg factory… Read More ›
The sourcing delay comes midst United Technology Corp reducing its delivery target of 150 from 200. John Leahy, the Airbus Group’s Chief Operating Officer has stated that the company is confident in mitigating issues related to production delays of its… Read More ›
The charges relate to deficiencies of record keeping for the FY 2009-2012. The U.S. Commodity Futures Trading Commission has stated that it has ordered Barclays Bank PLC to pay $500,000 as settlement charges for deficiencies related to record-keeping. The agency… Read More ›
