In what was his first public address since he was first arrested last year, ousted former Nissan chairman Carlos Ghosn, through a video message, accused some of his former colleagues of “backstabbing” him to remove him from the post of… Read More ›
Day: April 9, 2019
UBS Estimates Closure Of 75000 Stores In US By 2026 Due To Online Growth
The Swiss bank UBS has predicted that the proliferation of e-commerce business, companies and platforms would result in eth forced closure of more stores across the U.S. for businesses like clothing retailers, consumer electronics companies and home furnishing. “Store rationalization… Read More ›
Demand for Aramco’s international bond exceeds $30 billion
Saudi Arabia’s Aramco debut bond, which opened on Monday, will close on Wednesday. Saudi Aramco has opened the books for its first international bond issue, which took place on Monday, said sources familiar with the matter at hand. Aramco did… Read More ›
GE fined $58M for providing misleading data
GE had provided the misleading data during its bid to acquire Danish rotor blade maker LM Wind in 2017. The European Commission has levied a fine of $58.4 million (52 million euros) on U.S. conglomerate General Electric for providing misleading… Read More ›
London jury dismissed in landmark Barclays-Qatar case
Judge Robert Jay told the entire jury that their services are no longer required. In a landmark case revolving around fraudulent transactions perpetuated by four former Barclays executives who had been accused of paying Qatar undisclosed fees to help rescue… Read More ›
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