In the last quarter of 2019, the economies of France and Italy unexpectedly shrank, which slowed down the growth rate of the entire eurozone – which now is close to stalling, shows latest data. According to the European Union statistics… Read More ›
Month: January 2020
Airbus Settles Corruption Charges With UK’s SFO For €1bn
European aircraft manufacturer Airbus has agreed to settle corruption cases with regulators in the United Kingdom for a deal worth almost €1bn. This deal is the culmination of a long drawn investigation into allegations by UK’s Serious Fraud Office (SFO)… Read More ›
About 50 Million People Locked Won In Cities In China Due To Coronavirus
According to reports, more than 50 million people residing in Wuhan and the nearby cities at the center of the outbreak have been prevented from leaving the cities by Chinese authorities with increasing anxiety and concerns about the outbreak of… Read More ›
EssilorLuxottica’s $8 billion bid to acquire GrandVision faces full scare European Commission probe
On Friday, two sources familiar with the matter at hand have disclosed, EssilorLuxottica’s $8 billion (7.2 billion euro) bid to acquire Dutch GrandVision will face a full-scale EU antitrust investigation, following the latter declining to offer concessions during an initial… Read More ›
US Court Orders $1.1bn Fine On Over Patent Infringement
In what is believed to be one of the largest patent verdicts ever, a fine of $1.1 billion to a California university has been ordered to be paid by Apple and Broadcomin relation to charges of infringing wifi technology patents…. Read More ›
Fears Of Coronavirus Pushes Oil Market To ‘Tough And Uncertain’ Times: Royal Dutch CEO
While the global financial markets have been spooked by the rate of spread of the novel coronavirus, which originated in China, the energy companies and markets are still trying to assess the economic impact this outbreak could have. Since its… Read More ›
Virus Fears Force Global Airlines To Suspend Or Scale Back China Flights
An increase in travel warnings by various governments and a drop in demand for tickets from passengers bound for China because of the fast spread of the coronavirus outbreak, decisions to suspend or scale back more direct flights to China’s… Read More ›
Tesla extends profit run backed on record deliveries
Tesla has posted its second quarterly profit in a row following a record number of vehicle deliveries; it said it expects to deliver more than 500,000 units in 2020. With the news reaching the market on Wednesday, the electric carmaker’s… Read More ›
Jaguar Land Rover’s CEO Ralf Speth to step down in September 2020
In a report, the Financial Times said citing sources, Ralf Speth, Jaguar Land Rover’s Chief Executive Officer is scheduled to step down later this year in September when his contract ends; he will continue to remain in the company at… Read More ›
Impact Of Coronavirus On Chinese Economy Could Be Worse Than SARS
The very fast spreading of the coronavirus in China has forced the Chinese government take the unprecedented measure of extending the Lunar New Year holiday by as much as a week in some cases as well as the step of… Read More ›
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