McDonald’s Corp has been sued for at least $10 billion by two companies owned by Byron Allen, a media entrepreneur, who has accused it of racial discrimination since it does not advertise enough with Black-owned media outlets. According to the… Read More ›
Two sources familiar with the matter at hand have stated, the Chinese government has told its employees not to park cars made by Tesla Inc inside select government compounds due to cameras being installed on the vehicle. So far, it… Read More ›
Ford Motor Co is betting that its electric version of its best selling F-150 pickup can beat rivals including Tesla since the model provides newer technologies to a familiar model that fleet owners and businesses are already familiar with and… Read More ›
On Thursday, Procore Technologies Inc, a construction software startup said, it has priced its U.S. initial public offering (IPO) at $67 per share, higher than the range it had announced earlier this month. California-based Procore Technologies is offering around 9.5… Read More ›
On Wednesday, in a statement KKR, a private equity firm, said it aims to acquire John Laing Group in a deal that values the British infrastructure investor at around $2.84 billion (2 billion pounds). The development makes John Laing the… Read More ›
In a statement, Vietnam’s People’s Committee of the northern province of Bac Giang ordered four industrial parks, including three which house the production facilities of Taiwan’s Foxconn to temporarily shut down because of a COVID-19 outbreak. The People’s Committee said these… Read More ›
Despite China’s anti-Australia rhetoric, ongoing trade between the two countries is evidence of the ongoing relationship, pointed out Australian Prime Minister Scott Morrison. Beijing’s criticism of Australia is aimed at its domestic audience for political gains. While bilateral relationship between… Read More ›
On Tuesday, Germany’s antitrust watchdog said it has launched a new investigation into whether U.S. e-commerce giant Amazon.com Inc is exploiting its market dominance. “In a first step, we are looking at whether Amazon is of outstanding, cross-market importance for… Read More ›
According to a source familiar with the matter at hand, Amazon.com Inc is negotiating the potential acquisition of iconic U.S. movie studio MGM. The status of Amazon’s discussions with MGM is so unclear and it is possible that they may not… Read More ›
On Monday. Danone’s board of directors, is set to approve former Barry Callebaut CEO Antoine de Saint-Affrique’s nomination as its CEO. On April 22, De Saint-Affrique had announced that he was stepping down from Barry Callebaut, a Swiss chocolate maker, at the… Read More ›
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