Fiat Chrysler is set to announce its intention vis-a-vis its diesel passenger vehicles on June 1, 2018. On Monday, the Financial Times reported, citing sources familiar with the carmaker’s strategy, Fiat Chrysler plans on eliminating diesel from all its passenger… Read More ›
Month: February 2018
Boeing prepares to fight Bombardier’s CSeries aircrafts through a joint venture with Brazilian aircraft maker Embraer
While Airbus has sided with Bombardier, in the Canadian aircraft maker’s dispute with Boeing, through this proposed joint venture with Embraer, Boeing aims at becoming the leader in the 70-seat to 130-seat regional jet market. Brazilian newspaper O Globo reported,… Read More ›
Rising cost of transportation pulling up food inflation in the U.S.
For consumers who have enjoyed low to negative food inflation over the years, the jump in food prices is likely to be a shocker. In the push for cost cut led higher margins, U.S. trucking companies and railroad operators are… Read More ›
Gartner Report Notes First Y-O-Y Quarterly Drop In Global Smartphone Sale Since 2004
There has been a decline of 5.6 per cent year-on-year in the sales of smartphones to end users globally in the December quarter of 2017 at 408 million compared to 432 million in the same period a year ago according… Read More ›
Entertainment Industry In Saudi Arabia To Get Government Investments Of $64 Billion
In the next decade, $64 billion (£46 billion) would be invested by Saudi Arabia for the development of its entertainment industry, says the kingdom. Just in the current year, pans for about 5000 events are underway that include one by… Read More ›
European Commission wants banks to reduce their NPAs through secured loans within 8 years
The draft proposal is aimed at significantly reducing the stock of bad loans in the European Union. On Friday, a source familiar with the matter at hand stated, the European Commission has prepared a draft proposal aimed at reducing the… Read More ›
Trump to meet EPA, key senators and cabinet officials on Tuesday to discuss changes to U.S. biofuel policy
The meeting comes in the wake of a Pennsylvania-based refiner blaming regulation for its bankruptcy. Four sources familiar with the matter at hand have disclosed, a meeting has been called early next week by U.S. President Donald Trump who will… Read More ›
Britain’s automotive regulations will align themselves with that of the European Union
The move is aimed at protecting Britain’s automotive industry and not disrupt its well-oiled supply chain. Britain’s health minister, Jeremy Hunt stated the country will align its regulations with the European Union’s in some areas, including the automotive sector, after… Read More ›
U.K. Lawmakers Consider Laws To Govern Cryptocurrencies As Inquiry Into It Slated To Begin
Examination of the advantage and benefits of cryptocurrencies and the possibility of what regulatory measures to be taken for the new technology is being considered by U.K. lawmakers as they launch an inquiry into multiple aspects of virtual currencies. The… Read More ›
Inappropriate Behavior Charges Force Ouster Of Top Ford Executive In America
Charges of inappropriate behavior has led to an immediate ouster of the head of Ford’s US operations, after an internal investigation into the allegations. Some of Raj Nair’s conduct had been “inconsistent with the company’s code of conduct”, said that… Read More ›