Australian airline Qantas wants to start a 20-hour flight between London and Sydney and will be placing orders for planes that would be capable of that sometime next year. The company was in advanced stages of negotiations with the plane… Read More ›
Month: September 2018
Danske Bank’s CEO Thomas Borgen quits midst a $234 billion money laundering scandal
Investors concerns were largely driven by the potential involvement of U.S. authorities which led to the nose diving of Danske’s shares. On Wednesday, Thomas Borgen, Danske Bank’s CEO quit following a money laundering scandal which involved $234 billion (200 billion… Read More ›
Sale of GlaxoSmithKline India’s 72.5% stake in Indian subsidiary GlaxoSmithKline Consumer Healthcare could fetch upwards of $4 billion
Among the bidders, Coca-Cola, Nestle and Unilever. Given Nestle’s position, and its considerable market presence in the malt-drink sector in India, its synergies matches well for GSK’s Horlick’s brand. According to 4 sources familiar with the matter at hand, Coca-Cola,… Read More ›
Beijing will use trade war to replace imports, promote local industry, accelerate development of high-tech industry: state media
Clearly not amused by Trump’s escalation of the trade war, China’s state-owned media tabloids have a positive stance that tries to exploit the trade war to Beijing’s advantage. It is to be seen whether China is willing to walk the… Read More ›
Android OS Would Be Available In Cars Of The World’s Biggest Auto Alliance
Google’s Android OS will be powering media displays in millions of cars worldwide from the beginning of 2021. This would be possible because of a partnership of the US based tech company’s recently struck partnership with the Renault-Nissan-Mitsubishi Alliance which… Read More ›
China Increases Import Tariffs On $60bn Of US Goods
Responding to the latest increase in duties aimed in a dispute over China’s technology policy by the United States President Donald Trump, China announced increasing of tariff on $60 billion of U.S. products. The Chinese measure was announced soon after… Read More ›
Boohoo Chief To Get £50m Bonus When Stocks Grow By 180%
An incentive package that can be as high as £50m was signed off by the major shareholders of the fast growing UK based fashion retailing company Boohoo for its new chief executive in case the company is able to reach… Read More ›
Adidas To Make Customised Shoes For Gold Wining 12 Fingered Indian Athlete
Sport apparel giant Adidas will design and deliver specially made athletic shoes for Asian Games gold-medallist Swapna Barman from India. This is because this celebrated athlete has 12-toed feet. This will be done in collaboration with the sports governing body… Read More ›
Trade war could last for 20 years: Jack Ma
Jack Ma’s remarks on the escalating trade war between the U.S. and China, were made at an investor conference. On Tuesday, during an investor conference, Jack Ma, Alibaba’s co-founder and chairman said, he expects trade frictions between China and the… Read More ›
Donald Trump fires fresh salvo at China, imposes 10% tariffs on Chinese imports worth $200 billion
In a strategic move aimed at positioning itself in a stronger position during negotiations, U.S. President Donald Trump has imposed a 10% tariff on Chinese exports to the U.S. for goods worth $200 billion. The tariff is applicable to the… Read More ›