The rush to stockpile products because of growing concerns over a possible no-deal Brexit among retailers and manufacturers in the UK is causing a shortage of food warehousing space. According to media reports quoting industry representatives, there is virtually no… Read More ›
Month: December 2018
China Confident About A Trade Agreement With The U.S.
China is confident that it would be able to come to an agreement with the United States on trade, said the second largest economy in the world on Wednesday. This was a sentiment similar to what US president Donald Trump… Read More ›
Japan’s Takada to acquire London-listed Shire for $59 billion
Following the takeover Takada will join the ranks of the world’s top 10 drugmakers and will gain expertise in rare diseases, at the cost of a mountain-load of debt. On Wednesday, shareholders of Takeda Pharmaceutical approved the $59 billion takeover… Read More ›
NZ’s Prime Minister Jacinda Ardern announces creation of NZ$100 million green investment fund
The fund targets manufacturing, electric vehicles, farming practices, and energy-efficient commercial buildings. On Wednesday, New Zealand’s Prime Minister Jacinda Ardern announced the creation of a $69.28 million (NZ$100 million) green investment fund that is aimed at boosting private-sector participation so… Read More ›
AIG names Mark Lyons as its Chief Financial Officer
Mark Lyons replaces Sid Sankaran who joined AIG in 2010. Sankaran will remain at AIG as an adviser through the year-end reporting process for fiscal year 2018. The American International Group Inc (AIG) stated, Mark Lyons will replace Sid Sankaran… Read More ›
China Development Bank Financial Leasing Co to finance purchase of 8 Airbus aircraft
China Development Bank Financial Leasing Co is the leasing arm of China Development Bank (CDB), HNA’s largest creditor. In a corporate filing, China Development Bank Financial Leasing Co, the aviation leasing arm of China Development Bank stated, it will finance… Read More ›
Tesla plans on ramping up production of Model Y
Tesla will use its Gigafactories in Nevada, U.S. and that in China to produce Model Ys. Producing locally to serve domestic consumers will significantly mitigate risks of import tariffs imposed by the United States and China in their trade wars…. Read More ›
Tokyo prosecutors to arrest Carlos Ghosn for yet another crime
As a result of the filing of fresh charges in a separate crime, Carlos Ghosn’s detentions is likely to be extended up to December 30, 2018. On Tuesday, Japan’s Sankei newspaper reported, prosecutors plan on arresting Carlos Ghosn on a… Read More ›
Qatar to withdraw from OPEC from January 1, 2019
The move mirrors the strategic shift in the fossil fuel industry from dirty polluting crude to liquefied natural gas. On Monday, Qatar’s energy minister Saad al-Kaabi stated, Qatar will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) from… Read More ›
Nextstar Media Group to acquire Tribune Media Co for $4.1 billion
A formal announcement is likely to be announced later today. According to sources familiar with the matter at hand, Nexstar Media Group Inc has reached an agreement to acquire Tribune Media Co for around $4.1 billion. Once the deal comes… Read More ›