While this will come into effect during future negotiations, it is to be seen how this will impact its agricultural sector. On Friday, in a statement South Korea’s finance minister stated, given its enhanced economic status, it is ready to… Read More ›
Day: October 25, 2019
Mark Gifford appointed as chairman at British department store group Debenhams
Celine Jersey Topco is the parent of British department store group Debenhams. According to a statement from British department store group Debenhams, Mark Gifford, a former chief financial officer (CFO) at House of Fraser, has been appointed as the chairman… Read More ›
Tesla begins selling China-made Model 3 with autopilot in China
Tesla’s quarterly profit has come as a pleasant surprise to investors. According to Tesla Inc’s website, the U.S. carmaker has started selling its Chinese-made Model 3 electric vehicle with an autopilot function, which has a starting price of $50,310 (355,800… Read More ›
South Korea grounds 9 Boeing 737 NG planes after finding structural cracks
The U.S. FAA has ordered all aircraft operators globally using Boeing planes to inspect for structural cracks. On Friday, in a statement South Korea’s transport ministry stated, it has grounded nine Boeing Co 737 NG planes after checks found structural… Read More ›
Three major U.S. retailers pull J&J’s baby talc powder from shelves
If the development has cascading effect and more retailers pull J&J’s baby talc powder from shelves, it could significantly impact its earnings. Already J&J is facing lawsuits over allegations of asbestos in its talc. Following U.S. healthcare conglomerate Johnson &… Read More ›
Nokia Facing Troubles To Keep Pace With Pace Rival 5G Companies, Shares Drop 20%
It is becoming increasingly increasing difficult for the Finnish telecom company Nokia to keep pace with its rivals in the 5G mobile connectivity industry. That was probably reflected when the profit outlook for the current year as well as for… Read More ›
US Lawmakers Grill Facebook’s Zuckerberg Over A Host Of Issues
The policy of the social media company Facebook of not fact checking political ads was severely criticized by lawmakers in the United States while interviewing Facebook CEO Mark Zuckerberg in a Congress hearing. Zuckerberg was also accused by the lawmakers… Read More ›