New Age Vehicles (NEVs) automakers are being wooed by China as it tries to mitigate pollution from gas guzzling traditions vehicles. Armed with incentives and friendly regulations, Beijing has applied it 2 child policy on automakers restricting their local footprint… Read More ›
Month: November 2016
Audi sees potential for 1 diesel model in its product mix in the U.S.
Discounting fears that the sale of its diesel cars will not hit levels before the emission scandal, Audi opines that there could still be a place for a diesel model in its product mix in the United States, since after… Read More ›
SpaceX aims to provide high-speed internet access via satellite link to any location in the world
According to its filling with the FCC, SpaceX’s solution could make fibre optic, cable connection and other terrestrial means of internet access redundant. The fillings do now disclose costing and financing details. According to newly filed documents with the U.S…. Read More ›
Last Year Cybercrime had Hit 54 Million Europeans
A report from Norton by Symantec has warned that many of the people in Europe ere complacent about cybercrime even as the report stated that more than 54 million Europeans were affected by cybercrime in the past year. The cybersecurity… Read More ›
As Demand Picks up, a very Slow and Steady RecoverySeen in Global Shipping Industry
A market recovery in the shipping sector was signaled as the Baltic Dry Index (BDI) reached its highest level since August 2015. The Baltic Dry Index (BDI) is an indicator of the shipping costs for bulk commodities. With overcapacity bringing… Read More ›
Viacom set to acquire Argentina’s Telefonica for $345 million
The deal, subject to regulatory approval, is a strategic one for Viacom since the Argentinian pay channel has a subscription base of 26.8 million subscribers, covering 95% of Argentina. The channel has a strong following in the Americas as well…. Read More ›
Exxon negotiating with Chad over exemplary fine of $74 billion
Exxon has appealed against the ruling and is in the process of negotiating an exit package. Bloomberg has reported citing a lawyer for Exxon stating that the company is in negotiations with Chad over a record $74 billion fine imposed… Read More ›
European Commission clears Abbott’s $25 billion acquisition of St. Jude Medical Inc.
The merger in this sector only goes to underline the pressures felt by medical equipment manufacturers to increase the depth and width of their product basket and make them readily accessible to hospitals. According to source familiar with the matter… Read More ›
Hopes of OPEC Output Cut Helps Oil Prices Rise 2 Percent
Buoyed by rising optimism that OPEC will agree later this month to cut production to reduce a supply glut, oil prices rose around 2 percent on Tuesday and they bounced back from multi-month lows. After hitting a three-month low of… Read More ›
Inflation to be Fueled by President-elect Trump’s Spending Plans and Gold Consequently to Get Boost
Gold could be helped in gaining price as there us expectations that inflation in the U.S. would rise due to President-elect Donald Trump’s plan to spend on big projects, said a fund manager on Tuesday. The prices of metals have already… Read More ›