There is one nation in Europe that is showing signs of life amid a gloomy environment and uncertain political environment across Europe and with issues like Greece’s debt troubles and Italy’s banking crisis. Economists have point out to the media… Read More ›
Month: January 2017
With a $4.3 billion VW moves past U.S. diesel emission cheating crisis
The company has accepted increased scrutiny in the forms of various audits by external independent monitors. In a major development for Volkswagen AG, as part of a $4.3 billion deal with U.S. regulators, Europe’s biggest car manufacturer has agreed to… Read More ›
TheCityUK pushes for partial access to EU’s single bloc market
EU leaders have repeatedly warned that the four freedoms of the 28 member nation bloc, Freedom of people, of goods, of services and capital, cannot be cherry picked. In a significant development, Britain’s famed finance industry has given up its… Read More ›
Floor & Decors to come out with a $1 billion IPO
The U.S. new housing and housing repairs sector has, of late, seen robust growth. According to sources familiar with the matter at hand, Floor & Decor Holdings Inc, a U.S. based tile and flooring retailer, is getting ready to launch… Read More ›
To Rebuild Lost Trust in Italian Banks, Rescued Banks Propose Deal
As to Italian banks try to raise billions of dollars to cover bad loans , they have proposed a deal to settle shareholder lawsuits. Even as the deal could dent confidence even further, it is the latest episode in Italy’s… Read More ›
Blockchain Could Get Pushed into real world in 2017 by Anti-Establishment Wave
Blockchain – the technology that gave birth to the renegade digital currency bitcoin – could be pushed out of cyberspace and into the real world in 2017 by the wave of anti-establishment sentiment sweeping the Western world. some big backers… Read More ›
Tesla appoints Apple’s Chris Lattner to lead its Autopilot technology
The move comes midst Federal safety regulators probing Tesla’s Autopilot’s role in a fatal crash in Florida in 2016. Tesla has mentioned in a blog post that it has hired a software engineer from Apple Inc to oversee its efforts… Read More ›
Ford expects increased costs in 2017, more profits in 2018
Increased costs due to factors, including those related to the outcome of the U.S. elections as well as those related to the challenges of self-driving cars are likely to push up Ford Motor’s costs in 2017. GM, however, has provided… Read More ›
Boeing set to trim workforce in 2017
It would not be surprising if Boeing’s management had gauged Donald Trump’s protective policies early on and had let it be known that it would be trimming its workforce. After all, during the campaign trail Trump had been very loud… Read More ›
VW’s executive arrested in Florida on charges of fraud
The timing of the arrest is unusual given the extensive negotiations VW has had with U.S officials on ways to surmount and move past the diesel emission. The New York Times has reported that the Federal Bureau of Investigation has… Read More ›