While his aggressive and pugnacious style of working defined Uber, things went downhill following an investigation into the company’s management style. Travis Kalanick, co-founder and CEO of Uber Technologies Inc has resigned from the company under pressure from investors over… Read More ›
Month: June 2017
There are advantages to remaining within the European customs union
The life of Britain’s successful auto industry hangs in the balance. On Tuesday, Britain’s car industry set out its list of Brexit demands to British Prime Minister Theresa May’s government, warning that a return to WTO rules could permanently damage… Read More ›
EQT’s acquisition of Rice Energy will make the combined company the No. 1 natural gas producer in the U.S.
The deal places the combined company ahead of Exxon Mobil Corp. On Monday, EQT Corp, a U.S. oil and gas company disclosed it would be acquiring its peer, Rice Energy for $6.7 billion and create the biggest natural gas producer… Read More ›
Amazon’s acquisition of Whole Foods Market, the e-commerce giant is positioning itself to battle Wal-Mart
The U.S. groceries market just got hotter. Last year, when Wal-Mart Stores Inc acquired its peer Jet.com for $3 billion it created the world’s biggest brick-and-mortar retailer, eclipsing arch rival Amazon. Last Friday, Amazon.com Inc countered the move with its… Read More ›
Tech Cottage Industry For Spawn For India’s GST Launch Compliance
Massive changes for small businesses in India would have to be faced by the implementation of India’s new Goods and Services Tax (GST) as they will have to go online to file their taxes, even as the GST is set… Read More ›
Pimco Says Australian Dream Is Emerging Markets’ Best Haven
Pacific Investment Management Co. has some advice on where investors should be positioned when the year-and-a-half bull run in emerging markets comes to end at some point. The “Australian Dream” is the shorthand for countries with strong institutions where external… Read More ›
IEA Warns Operational Problems Caused By Arab Rift With Qatar
The International Energy Agency (IEA) warned Wednesday that “logistical headaches” could be caused by the ongoing dispute between several Middle East countries and Qatar. The political dispute has become an operational problem for lifters of Qatari crude, condensate and LNG… Read More ›
As Consumers Feel The Hit Of Brexit Vote Inflation, UK Retail Sales Fall Sharply
In what is the latest sign of the growing hit to the economy from rising inflation since the Brexit vote, British retail sales fell more sharply than expected in May, data showed on Thursday. In what is a heavier downturn that the… Read More ›
U.S. President Donald Trump being investigated for possible obstruction of justice
If only the Trump Administration could move past the drama and focus on getting the economy rolling… In a development that potentially has widespread economic concerns, on Wednesday, the Washington Post has reported citing anonymous sources that U.S. President Donald… Read More ›
Qatar signs $12 billion deal to buy 36 F-15 fighter jets from Boeing
U.S. President Donald Trump has accused Qatar of supporting terrorism. Although on the one hand, U.S. President Donald Trump criticised Qatar with supporting terrorism, on Wednesday, Qatar’s Ministry of Defence announced it had signed a $12 billion deal with the… Read More ›