U.S. President Donald Trump is set to announce additional tariffs on China following an investigation into its trade policy and violation of U.S. intellectual property rights. On Thursday, the office of French President Emmanuel Macron told his Chinese counterpart Xi… Read More ›
Month: March 2018
Reckitt Benckiser Group withdraws from race to acquire Pfizer Inc’s consumer healthcare business
With Reckitt Benckiser out of the race, it is advantage GlaxoSmithKline Plc. Reckitt Benckiser Group, a British consumer goods group, has withdrawn from discussions with Pfizer Inc over buying its consumer healthcare business. According to sources familiar with the matter… Read More ›
Autoliv’s CEO to head its electronics business after spin-off
Autoliv plans on spinning-off Veoneer – its electronics business, which focuses on driver assistance software, radar products and vision systems. On Thursday, Autoliv, the world’s biggest maker of airbags and seat belts, stated that Jan Carlson, its chief executive, would… Read More ›
Bayer snags EU’s antitrust approval for its $62.5 billion acquisition of Monsanto
While Bayer has already received approval from Brazil and conditional approval from China, its acquisition of its peer Monsanto is currently awaiting review by Russian and U.S antitrust authorities. In the latest mega mergers that will reshape the agrochemicals industry,… Read More ›
Best Buy Inc ends relationship with Huawei
Huawei is likely to fall back to its old strategy of selling its smartphones in the U.S. only through open channels. As per a source familiar with the matter at hand, Best Buy Co Inc, the largest U.S. consumer electronics… Read More ›
Airing Of Undercover News Report Results In Suspension Of Cambridge Analytica CEO Alexander Nix
Following undercover reports which showed Cambridge Analytica CEO Alexander Nix discussing potential bribery and entrapment, he was suspended by the company which has now become infamous for misuse of personal data of 50 million users of Facebook in the U.S…. Read More ›
Hefty Tax Bills Being Faced By Investors In Crypto Currencies
Experts are of the opinion that very soon taxes could be levied on the gains that traders and investors make from the trading of cryptocurrencies and with the highs that some of the digital currencies reach. Starting with less tan… Read More ›
EU firms scaling back their presence in UK
Lack of clarity on the UK’s long term relationship with EU is clouding supply chain decision-making beyond March 2019, the date the UK will formally break relationships with the EU. As per a survey, 1 in 7 business from EU… Read More ›
EU lawmakers aims to punish non-EU airlines for unfair competitive practices
Airlines from China, Russia, the Gulf region, and Turkey could face punitive EU measures arising out of the final version of this regulation. In a significant development, an European Parliamentary committee stated, non-EU carriers could see their rights to fly… Read More ›
U.S. government drops demand for U.S. auto content in NAFTA negotiations
With this bone of contention being amicably resolved, NAFTA negotiations can continue. Two leading newspapers, The Mail and The Globe, have reported citing sources, that the U.S. government has dropped its demand all vehicles manufactured in Canada and Mexico for… Read More ›