It isn’t clear how these deals will have an economic impact given the fact that despite a 2012 WTO ruling, China has yet to issue operating licenses to Visa & MasterCard to operate in China. On Thursday, U.S Commerce Secretary… Read More ›
Month: May 2017
Quality-related issue in its engine part leads to Boeing grounding 30-40 of its 737 MAX aircrafts
The engine issue is only a quality assurance defect. Airbus’ A32neo jet is also powered by the similar LEAP-1A engine and its flying travelers without any reported hitch. On Wednesday, Boeing Co disclosed, it had temporarily halted the test flights… Read More ›
German grocery chains launch price wars with Wal-Mart and Amazon in the U.S.
German grocery chains, such as Aldi and Lidl are set to expand their U.S. footprint despite Wal-Mart and Amazon’s dominance in the grocery sector. In a significant development, German grocery chain Aldi Inc is aiming to beat Wal-Mart, the world’s… Read More ›
Brian Duperreault to be named AIG’s CEO
The announcement could come out anytime today, if not sometime later this week. The Wall Street Journal has reported citing sources familiar with the matter at hand, American International Group (AIG) plans on naming Brian Duperreault as its new chief… Read More ›
With $84 Billion Spree, Shale Drillers Are Outspending The World
In order to harvest fields that register fat profits even with the recent drop in oil prices, U.S. shale explorers are boosting drilling budgets 10 times faster than the rest of the world. According to analysts at Barclay’s Plc., compared with just… Read More ›
To Fend Off Populist Threat, EU Wants Tougher Global Trade Rules
In a fresh effort to fend off the inequalities of globalisation that have been seized on by hard-right nationalists such as Marine Le Pen of France, Europe will press the US and China for tougher world trade rules. The European Commission called… Read More ›
California’s 9th U.S. Circuit Court of Appeals to rehear AT&T’s data throttling speed lawsuit
If the FTC were to win this lawsuit, it would have wide-ranging implications for internet service providers. In an interesting turn of events, a U.S. court appeals in California has ruled that it will re-hear U.S. government claims that AT&T… Read More ›
Britain will benefit if its stays within EU’s energy market mix
Here are highlights of the Chatham House’s report which delves into Britain’s energy future. Chatham House, a think tank is of the opinion, it would benefit Britain if she were to remain in EU’s energy market and carbon trading scheme… Read More ›
The price of bitcoins touch a dizzying record high of $1,700
Increase in ICOs have had a significant impact on the price surge of bitcoins. With demands for the crypto currency soaring, bitcoins hit a record high on Tuesday helped by the creation of new tokens for raising funds for blockchain… Read More ›
Warding Off Screw Tops And Plastic, Fight Back On By The Once Tainted Cork Industry Of Portugal
Shares in Corticeira Amorim, the world’s largest cork producer, didn’t look like a great bet even a decade ago. Screw tops and plastic stoppers were the cheaper products that were being flirted with by its biggest customer, the wine industry,… Read More ›
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