Apple Inc Chief Executive Tim Cook is betting strong on growth in the company’s wearables business such as the noise-cancelling AirPods Pro while also hoping and end soon for the trade war between the United States and China. This was… Read More ›
Month: October 2019
Despite APEC Setback, Chinese Officials Optimistic Of Trade Deal Signing With US
The Asia-Pacific Economic Cooperation summit that was scheduled to be held in Santiago in mid-November has been cancelled by the Chilean government. This summit had assumed importance all across the world because the United States President Donald Trump and Chinese… Read More ›
Despite Media Backlash, Facebook Grows In Third Quarter
Facebook has once again showed that backlash in the media and among political and regulatory circles does not necessarily translate into poor business performance as the social media company reported growth in the third quarter of the current fiscal despite… Read More ›
Fiat Chrysler And Peugeot Merger Could Be Announced Very Soon
According to reports, it is likely that an announcement of the merger of the PSA Group, the French owner of Peugeot, and its US-Italian rival Fiat Chrysler will be made shortly. If the merger actually happens between the two companies,… Read More ›
Hong Kong’s economy falls into a recession
Hong Kong, Asia’s financial hub, is likely to see a large outflow of capital moving to Singapore. On Thursday, according to preliminary goverment data, for the first time since the 2007-2009 global financial crisis, Hong Kong, weighed down by an… Read More ›
Brexit contributing to slowdown in British car manufacturing
Already hit by falling sales in China, and from the U.S.-China trade war, the automotive industry is going through a turbulent time. On Thursday, an industry body in Britain disclosed, British car production has dropped by an annual 3.8% in… Read More ›
Toshiba sues former employee for fraud
Following detection of fraudulent transactions, Toshiba has filed a lawsuit against a former employee at its U.S. unit. On Thursday. Toshiba Corp said it has filed a lawsuit against a former employee of a U.S. unit for conspiring with a… Read More ›
Fiat Chrysler and Peugeot set to merge to create world’s 4th largest automaker
The boards of both companies hve agreed to the merger and a binding MOU is set to be signed in the coming weeks. On Thursday, in a joint statement, Peugeot’s owner PSA and Fiat Chrysler stated, they would merge by… Read More ›
EU Looking Into Possible Antitrust Breach By Apple Pay In Europe
The antitrust regulators of the European Union are seeking information from online sale companies about whether they were either directed or asked to consider the mobile payment service of Apple Inc in place of similar payment apps of rival companies…. Read More ›
Alphabet Misses EPS Estimates For Third Quarter, Shares Fall
Alphabet, parent company of Google, missed market estimates for earnings per share for the third quarter. But the company fared well in the other financial data released by it recently. The quarterly performance initially brought down Alphabet shares by as… Read More ›
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