The global grounding of all the aircraft of Boeing’s 737 Max has hit the cash flow of General Electric. The United States based manufacturer of the engines that also supplies to this popular aircraft model from Boeing warned that the… Read More ›
Month: July 2019
Samsung Q2 Profits Fall 56%, Warns Of ‘Challenges’ Ahead In Chip Business
A global price decline for its memory chips and consequently revenues apparently has caused a 56 per cent drop in the second quarter operating profits for the biggest smartphone maker of the world and the South Korean tech giant Samsung…. Read More ›
Saudi Arabia Urged By Football World To End Football Match Broadcasting Piracy
Saudi Arabia has been called on to take action to prevent the illegal broadcasting internationally of foot ball matches by a sophisticated, homegrown pirate TV and streaming service in the country. This appeal to the Middle Eastern country was made… Read More ›
Impossible Food expands production facilities for plant-based burgers
The plant-based burgers space is booming with demand for healthy environment-friendly food far exceeding supply. On Wednesday, Impossible Foods, a plant-based burger maker, announced its partnership with OSI Group, a major meat supplier, as it increases its efforts to meet… Read More ›
Roche extends $4.3 billion takeover offer for Spark Therapeutics to September 3
The decision comes in the wake of continuing regulatory scrutiny by antitrust regulators in the UK and U.S. over its takeover offer. Following a continuation of regulatory reviews in the United States and Britain, Roche and Spark Therapeutics announced another… Read More ›
Decision on license to U.S. companies for doing business with Huawei by next week: Wilbur Ross
The U.S. is likely to grant special licensees to U.S. companies who are seeking to maintain non-national security related business ties with China’s Huawei. According to a statement by U.S. Commerce Secretary Wilbur Ross, the Trump administration may respond by… Read More ›
Philippines’ San Miguel Corp set to win $145 billion new airport project
The new international airport, which will be built over a 50 year concession period, will cater to 100 million passengers per year. On Wednesday, as per a government official from Philippines, San Miguel Corp, a conglomerate is set to win… Read More ›
Huawei Sees Trouble Ahead Despite Revenue Rise
Despite the ban on it by the United States government which prevented the Chinese telecom and tech giant Huawei from accessing products form a host of its suppliers in the US, the company has reported a sharp increase in its… Read More ›
For Environment Activists, The Deadliest Country In The World Is The Philippines
According to a new research, for people defending their land and environment, the most dangerous place in the world now is the Philippines and has replaced Brazil in this notoriety. This study squarely reflects that type of administration that is… Read More ›
Beyond Meat manufacturing facilities stretched due to heightened demand
With a phenomenal surge in demand for Beyond Meat’s products, the company has had to revise its full year profit earnings. Although Beyond Meat Inc’s shares have slipped just three months after its IPO, demand for its plant-based burgers and… Read More ›
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