In order to accelerate dealmaking and lessen the country’s dependence on oil, Saudi Arabia is boosting the firepower of its sovereign wealth fund. Increasing its existing assets by about 17 percent, the SPA official news agency said that the Public… Read More ›
ECB President Mario Draghi said in an interview published on Wednesday that the spread of populist movements is threatening European integration and efforts to find joint responses to immigration, security and other shared concerns. EU citizens’ main worries were “now immigration,… Read More ›
U.S. District Judge Charles Breyer has scheduled the next hearing for Dec 16. The current hearing has been postponed since “may produce a resolution of the outstanding issues.” In a development that could add additional pressure to embattled auto maker… Read More ›
Although the move by Carrier to keep nearly 1000 manufacturing jobs at its AC plant in Indianapolis will boost the local economy, the economics of such a decision needs to be studied since this could lead to significant price rise… Read More ›
If the deal goes through, Albertsons will significantly boost its presence in the U.S. Northeast where Price Chopper already has market presence. The move could help Albertsons fight off online retail giants such as ALDI Inc., Amazon.com Inc. and Wal-Mart… Read More ›
If there is a cold snap in early December or January, most at risk of power shortages this winter are France and the U.K. among the European nations. According to European grid group Entsoe’s Winter Outlook report, France will need… Read More ›
In the annual financial stability review of Singapore’s central bank, the city-state’s property investors got a yellow card. “Before investing in property, investors should be aware that rising vacancy rates, declining rentals and impending interest rate increases mean that they… Read More ›
Samsung Electronics has stated that it is currently reviewing the framework and company structure under which its subsidiaries can be clubbed. South Korean giant Samsung Electronics has clarified today that at present it isn’t considering a merger between its holding… Read More ›
Delphi Automotive and Israel-based Mobileye will be using Intel’s System-on-a-Chip (SOC) solution for their joint production of a self-driving vehicle. Intel’s chips will also be at the heart of BMW’s autonomous vehicles. In a development that is likely to be… Read More ›
Theresa May sees a friend in Polish Prime Minister Beata Szydlo since Poland too has called for reforms within the EU; Poland has ~830,000 citizens living in in Britain who have been harassed following Britain’s historic vote. British Prime Minister… Read More ›
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