Day: March 13, 2018

U.S. President Donald Trump blocks Broadcom Ltd’s acquisition of Qualcomm Inc

The strategic move by U.S. President Donald Trump, on national security concerns, effectively blocks China’s Huawei from being a dominant player in the emerging 5G mobile cell phone technology and allows other major players level-playing grounds in the setting up… Read More ›


Volkswagen’s CEO, Matthias Mueller, pay package soars to $12.47 million a year

Matthias Mueller’s pay package comes in the wake of VW almost doubling its 2017 operating profit despite being weighed down by the U.S. emission scandal. On Tuesday, Volkswagen, EU’s biggest carmaker, reported that it has hiked up its CEO, Matthias… Read More ›


Norweigian defense contractor Kongsberg Gruppen signs $1.93 billion deal with Qatar

The deal will see Kongsberg Gruppen supply military vehicles, weapons technology and help in the digitization of 490 armored vehicles. On Tuesday, Kongsberg Gruppen, a Norwegian defense contractor disclosed it has signed a letter of intent to supply equipment for… Read More ›