Ola will face competition from Uber and Daimler-backed Bolt in the London. In a significant development, London’s transport regulator has permitted Indian ride-hailing company Ola to launch its service in the city. Bengaluru-based, SoftBank-backed Ola stated it has got a… Read More ›
Day: July 5, 2019
IG Metall accepts Bain and Carlyle’s takeover of Osram
IG Metall’s acceptance is contingent to Osram’s management sticking to its agreements on protecting jobs. On Friday, in a development that will pave the way for private equity firms Bain and Carlyle’s takeover of German lighting group Osram, Germany’s largest… Read More ›
U.S. trade action having desired effect on China
China will never publicly acknowledge the impact of U.S. trade action on its economy. But its desperation to hammer out a trade deal with the U.S. is telling. In a development that essentially underscores the pain U.S. trade action is… Read More ›
Riza Aziz, producer of “The Wolf of Wall Street” charged with 1MDB money laundering charges
Malaysia has charged, Riza Aziz, stepson of former prime minister Najib Razak, with 5 counts of money laundering. On Friday, Malaysia charged Riza Aziz, the co-founder of Hollywood production studio Red Granite Pictures that produced the Oscar-nominated film “The Wolf… Read More ›