Amidst the growing criticism of the United Kingdom government to allow the take acquisition of UK based defence and aerospace company Cobham by a private equity firm of the United States at the dead of the night in a deal… Read More ›
Day: December 24, 2019
Reshoring Of Firms Due To US-China Trade War Boosts Office Rents In Taiwan
The business process of reshoring or the bringing back production and manufacturing in to the home country or the country of origin of a company from foreign shores has resulted in overcrowding of the office space market in Taiwan. Analysts… Read More ›
Australia’s Cotton On starts investigating usage of forced prison labor by China’s Zhejiang Yunguang Printing
On Tuesday, Australian clothing retailer Cotton On Group stated, it is investigating a Chinese supplier over fears that it uses forced prison labor. The development comes in the wake of British supermarket operator Tesco PLC suspending ties with the same… Read More ›
U.S. SEC investigating BMW on its sales practices
On Monday, German automaker BMW AG stated it is being probed by the U.S. Securities and Exchange Commission. The development comes in the wake of a report of a probe related to the company’s sales practices. “We can confirm that… Read More ›
California insurance regulators proposes reforms on group discounts in auto insurance
On Monday, the California Department of Insurance proposed reform measures which includes ways for insurers to include more people from low-income families. Currently insurers offer group discounts based on education, occupation, and other factors, to the detriment of low-income families…. Read More ›
Tesla gets $1.4 billion loan from Chinese banks for its Shanghai factory
According to three sources familiar with the matter at hand, Tesla Inc has entered into $1.4 billion (10 billion yuan) loan agreement with a group of Chinese banks, for its Shanghai car plant. Part of this amount will be used… Read More ›
Spirit Airlines Inc commits to buying 100 Airbus A320neo jets worth $11-$12 billion
On Monday, U.S. budget carrier Spirit Airlines Inc stated it aims to purchase 100 Airbus A320neo-family jets which are scheduled to be delivered to it through 2027; the agreement comes with options to purchase up to 50 additional aircraft. Spirit’s… Read More ›
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