The fall of clothing prices in the United Kingdom resulted in the rate of inflation remaining at 2.4% for the third month in a row in June, shows data from the Office for National Statistics. It has been expected last… Read More ›
Day: July 19, 2018
US Business Being Scaled Back By Chinese Bike-Sharing Firm Ofo
Expansion plans in the United States is being scaled back by Chinese bike-sharing startup Ofo. The firm says that it was is in the process of laying off staff throughout the country even though it is less than a year… Read More ›
EU Antitrust regulators to launch full-scale investigation into Thales’ $5.6 billion bid for Gemalto
Thales did not offer any concessions to address overlapping concerns. On Thursday, as per two sources familiar withe the matter at hand, antitrust regulators from the European Union are set to launch a full-scale investigation into French aerospace and defense… Read More ›
Airbus garners 431 aircrafts orders from Farnborough Airshow
The Farnborough Airshow was a much needed boost for Airbus where its A320neo saw good endorsement, especially from its largest buyer AirAsia. On Thursday, Airbus SE stated it had orders and commitments for 431 aircrafts from the Farnborough Airshow, with… Read More ›
Guido Kerkhoff should be seen only as an interim CEO of Thyssenkrupp: Elliot Management
Elliot Management and Swedish activist investor Cevian are pushing for Thyssenkrupp to continue on its path of “structural evolution”, a change in its overall strategy as well as appointing a permanent CEO. In a move that is aimed at changing… Read More ›
Airbus SE wins orders for 10 A320neo jets for $1.1 billion
Airplane makers have garnered orders for nearly $50 billion from London’s Farnborough Airshow. On Thursday, Airbus SE stated it had won a provisional order for 10 A320neo planes worth $1.1 billion at list prices from an undisclosed customer. The announcement… Read More ›
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