A Foxconn subsidiary, Foxconn Industrial Internet is its parent vehicle to raise sufficient funds to enable Foxconn to wean itself off from manufacturing devices for Apple Inc and instead align itself towards Made in China 2025 policy by entering into… Read More ›
Month: May 2018
Trump proposes heavy fine and management change at ZTE rather than impose sanctions on it
With U.S. lawmakers crystallizing their stance on ZTE, which they describe as a “serial and pre-meditated violators” of U.S. law, and given the national security implications surrounding the case, it would be interesting to see the results of the U.S…. Read More ›
Biggest Growth Threat Is Economic Nationalization, Say Global Business Leaders
The greatest treat to the business growth is the rise of economic nationalism as initiated by Brexit, Donald Trump and some populist policies, say business leaders around the world. This was concluded in a study conducted by accountancy firm KPMG… Read More ›
Trump’s Trade Push Gets Big Early Win As Import Tariffs On Auto Reduced By China
Reduction in import tariffs on automobiles was announced by China on Tuesday. The decision of the authorities of the largest car market in the world is being viewed as a measure to placate U.S. president Donald Trump in his efforts… Read More ›
Stacey Cunningham appointed first female CEO of the New York Stock Exchange
The development is significant in two ways: Cunningham’s appointment as NYSE’s first CEO and Thomas Farley’s departure from NYSE to head Far Point, a SPAC, that has the backing of Third Point LLC. In a first of its kind, the… Read More ›
The U.S. and China nearing deal to lift U.S. ban on ZTE Corp
The potential deal underscores the strategic importance tech know-how and market influence are to Beijing while Washington focuses on trade and slashing its trade deficit with China. As per two sources briefed on the talks between the United States… Read More ›
Boeing facing unionization at its South Carolina plant
The Boeing facility, employing 178 technicians, makes 787 Dreamliner jets. The Wall Street Journal has reported, Boeing’s workers at its South Carolina plant are set to vote on union representation later this month. The National Labor Relations Board (NLRB) has… Read More ›
$10.8 billion for Santos Ltd is ‘best and final’ offer: Harbour Energy
Habour Energy made it lucidly clear that it will no longer raise its bidding price prior to entering a Scheme Implementation Deed. On Monday, US private equity giant Harbour Energy stated its takeover proposal of $10.8 billion for Australia’s Santos… Read More ›
UAE to allow 100% foreign ownership of UAE incorporated firms by end of 2018
The move is part of a bigger, wider gameplan aimed at diversifying the country’s economy. According to a news bulletin by the United Arab Emirates’ news agency WAM, its cabinet has approved steps that would allow foreign investors to have… Read More ›
Cost to recruit global talent could rise by nearly 300% in UK
Falling back to the Tier 2 visa system, in the event of Britain failing to secure a bilateral agreement with the EU on the movement of people, is likely to be a costly affair given that Tier 2 visa applicants… Read More ›