More than 10.000 jobs at Xerox would be lost at its joint venture with Japan’s Fujifilm as the Japanese firm takes control of the photocopier company. The companies said that an agreement to merge operation of Xerox with that of… Read More ›
Month: January 2018
Launching A Global Effort To Stop Tax Offshore Tax Evasion Urged To Be Initiated By UN
There are growing warnings about the UK continuing with its policy of shielding its overseas territories from getting transparent financially and it is amidst this environment that the United nations has been called on by the Tax Justice Network to… Read More ›
Amazon Enters Healthcare Sector Through A Joint Venture With Other U.S. Companies
E-retailer Amazon is getting into the healthcare sector through a joint venture. The new firm, aimed to reduce costs for their U.S. employees, will be promoted jointly by Amazon, JP Morgan and Berkshire Hathaway. The firms said that the independent… Read More ›
Australia To Be First International Venture For Indian Ride Hailing Firm Ola
In wheat would be the first international venture for Indian ride-sharing company Ola, the company is all slated to enter the Australian market. The company has plans to launch its services for t in the three large cities of the… Read More ›
Tractica Report Predicts Unit Sale Of Autonomous Trucks And Buses To Touch 188,000 Annually By 2022
The assumption that many industries are most likely to be disrupted by commercial, access to availability and adoption of self-driving vehicles is almost ensured because in recent years, autonomous vehicles have attracted am explosion of interest. And the trucking sector… Read More ›
‘Oligarchy list’ could potentially damage image and goodwill of Russian businesses and firms
Russian stocks have largely shrugged off the risks of new U.S. sanctions which center around this list. On Tuesday, Kremlin’s spokesman Dmitry Peskov stated that with Washington choosing to place people close to the Kremlin as part of an ‘oligarchy… Read More ›
Production cut for Apple’s iPhone X is overstated: iPhone X component maker Murata Manufacturing Co
The Nikkei had earlier reported a 50% cut in iPhone X’s production target. A senior executives from Japan’s Murata Manufacturing Co stated that the production cut for Apple’s iPhone X, is overstated. Murata, which supplies components for the iPhone X,… Read More ›
Canon reaps rich dividends thanks to its strategic diversification move
With consumers preferring cameraphones rather than compact cameras, Canon has diversified its products to cater to corporates clients; its operating profits have surged to record levels. On Tuesday, Canon Inc stated, it expects its operating profit to rise by 27%… Read More ›
European business software giant SAP to acquire U.S. cloud sales management software Callidus Software Inc for $2.4 billion
The move underscores SAP core strategy of leaning on cloud-based solutions to drive up its margins and revenues. On the sidelines of SAP, Europe’s top tech company, posting results that were on the lower side of market expectations, the firm’s… Read More ›
U.S. Justice Department and CFTC charges 3 banks and 8 individuals with “spoofing” of U.S. futures and commodities market
The series of lawsuits mark the growing trend of the Justice Department holding individuals accountable for their roles in corporate wrongdoings. The U.S. Justice Department along with the Commodity Futures Trading Commission (CFTC) have filed a civil and criminal lawsuits… Read More ›
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