Adidas wants to become completely sustainable as soon as it can with respect to its products. The global giant of sportswear manufacturer has announced that it has committed itself of making use of only recycled plastic for its products by… Read More ›
Month: July 2018
Boeing Co wins orders for 14 777 freighter worth $4.7 billion
The Farnborough Airshow is an opportunity for both, Boeing Co and Airbus SE, to garner fresh orders. Although Boeing landed the first order from the show, Airbus is likely to soon catch up and zoom ahead. On Monday, at the… Read More ›
WTO needs rules on forced transfer of technology: European Council President Donald Tusk
European Commission President Jean-Claude Juncker and European Council President Donald Tusk are in Beijing to meet Chinese Premier Li Keqiang for the annual China-EU leaders dialogue. On Monday, Donald Tusk, the President of the European Council stated, the World Trade… Read More ›
David Solomon to become Goldman Sachs Group Inc’s next CEO
A formal announcement is likely to be made as soon as today, if not later this week. As per a report from the New York Times, Goldman Sachs Group Inc is likely to name David Solomon as its next chief… Read More ›
China registers highest trade surplus levels with U.S. in June since Dec. 2017
The data could potentially prolong and deepen the ongoing trade war. Official data from the U.S. shows, Beijing’s exports to the United States, have unexpectedly risen to record highs. China’s trade surplus with the U.S. peaked in June and could… Read More ›
China’s National Textile and Apparel Council opposes U.S. tariffs
China is ramping up direct and indirect pressures on Washington. On Friday, China’s National Textile and Apparel Council stated it was deeply concerned with the escalating trade dispute between the United States and China. As per a statement on its… Read More ›
China’s sourced soybeans from Brazil, avoided higher tariffed U.S. soy
With China, the world’s biggest consumer of soybeans, sourcing soybeans from Brazil, the price of Brazilian soy peaked in June. On Friday, according to data from China’s General Administration of Custom China’s import of soybean in June has jumped by… Read More ›
Broadcom’s proposes $19 billion acquisition of U.S. software firm CA
Earlier the Trump Administration had blocked Broadcom’s $117 billion hostile bid to acquire Qualcomm Inc citing national security concerns. But since then in a cunning move, Broadcom has re-domiciled from Singapore to the U.S, which places it outside of CFIUS’… Read More ›
Tiger Global builds $1 billion stake in SoftBank, calls it undervalued
SoftBank’s shares have appreciated by 54% in the last 5 years. Although its market capitalization is $87 billion, in comparison Alibaba has a market capitalization of $480 billion and the value of its shares have doubled since their listing on… Read More ›
Comcast raises its bid for Britain’s Sky to $32.5 billion
Tune in to the M&A channel to view the latest in the top prime time drama over Britain’s Sky. Topping Rupert Murdoch’s Twenty-First Century Fox’s bid for Britain’s Sky, Comcast Corp raised its offer to $32.5 billion. Previously, Fox had… Read More ›