Google Inc’s Chief Executive Sundar Pichai is set to replace Larry Page as Alphabet Inc’s CEO. Page and Sergey Brin will continue to distance themselves from playing an active role in the management of the company they co-founded 21 years… Read More ›
Month: December 2019
Trade deal with China will have to wait till Nov. 2020
The U.S.-China trade war is likely to drag till at least the U.S. presidential election in November 2020. “I have no deadline, no,” said Trump to reporters in London, where he was due to attend a meeting of NATO leaders…. Read More ›
Study Claims Wealth Of Six Richest Britons Same A Poorest 13m
According to a new research into the increasing wealth inequality in the British society, the total wealth that is owned by the poorest 13 million is the same as that held by the six richest people in the United Kingdom…. Read More ›
Japan readying a $120 billion stimulus package
On Tuesday, according to two government officials with direct knowledge of the matter at hand, Japan is preparing an economic stimulus package worth $120 billion to support its weak economic growth. “The spending will be earmarked in a supplementary budget… Read More ›
Brazil in touch with USTR on surprise U.S. tariffs on Brazilian steel and aluminum
According to a source familiar with Brasil’s reaction to the surprise decision by U.S. President Donald Trump to restore tariffs on Brazilian steel and aluminum, the Brazilian government is in touch with the U.S. Trade Representative’s office and other agencies…. Read More ›
Cyber Monday sales in U.S. grosses a record $9.2 billion
Cyber Monday sales, riding on the back of a bumper Black Friday sales, are on course to bring in a record $9.2 billion, according to evening estimates. Shoppers have had nearly a month of offers and deals with retailers banking… Read More ›
Japan second biggest drugmaker Astellas Pharma to acquire Audentes Therapeutics for $3 billion
Japan’s Astellas Pharma Inc is set to acquire Audentes Therapeutics Inc for around $3 billion in a deal aimed at boosting genetic medicines – a key area of growth. Gene therapies are one of the hottest areas of drug research…. Read More ›
Measure of effectiveness of U.S. trade tariffs against China
In a development that underscores the measure of effectiveness of U.S sanctions on China’s economy, a Chinese newspaper the Global Times has reported citing sources with direct knowledge of the trade talks that Beijing’s top priority in the phase one… Read More ›
Airbus dismisses 16 employees following German investigation
According to a statement from Airbus’ spokesman, the airplane maker has dismissed 16 employees without notice following an investigation into the potential misuse of client documents. In September, prosecutors from Munich had launched an investigation after the company notified authorities… Read More ›
India to invest $1.39 trillion in infrastructure spending to boost economy: Finance Minister
In an effort to boost the Indian economy, the country’s finance minister Nirmala Sitharaman disclosed, she will unveil a series of infrastructure projects, later this month, as part of a plan to invest $1.39 trillion (100 trillion rupees) in the… Read More ›