Author Archives
-
Japan’s Mercari acquires Origami as cashless payments spreads in Japan
On Thursday, Mercari Inc, a fleamarket app operator stated, it has decided to acquire QR code payment app operator Origami for an undisclosed sum. The deal marks the latest consolidation in the industry even as cashless payments take off in… Read More ›
-
Bernard Looney to be BP’s CFO
In a statement, BP stated, Brian Gilvary, its finance chief who will be stepping down in June 2020 after eight years of service in the company, will be replaced by Bernard Looney, who incidentally will become the company’s chief executive… Read More ›
-
Petrobras loses $2 billion tax dispute
In a statement, Brazil’s state-run oil firm Petrobras said, it has lost an appeal over $2.14 billion (9 billion reais). The case relates to a tax dispute which dates back to 2011 and 2012. Petrobras said, it will stick to… Read More ›
-
Michigan settles with Tesla, allows direct delivery of vehicles to customers
According to a source familiar with the matter at hand, Tesla Inc has reached a settlement with the U.S. state of Michigan to allow it to directly deliver its electric vehicles to customers in the state. Tesla will be allowed… Read More ›
-
Britain’s TalkTalk sells fiber optic network to CityFibre for $260 million
On Tuesday, British broadband supplier TalkTalk stated, it has agreed to sell its fiber network to CityFibre for $260 million (200 million pounds). TalkTalk said it had agreed to a wholesale agreement with Goldman Sachs-backed CityFibre for its residential and… Read More ›
-
Uber sells Uber Eats India to Zomato in exchange for 9.99% stake in Zomato
Uber has sold its online food ordering business in India to Ant Financial-backed Zomato in exchange for a 9.99% stake in Zomato. The deal essentially limits its exposure to the Indian market where it has struggled to grow. The all-stock… Read More ›
-
Chinese strategy of wearing down opponent with prolonged negotiations not working, EU won’t meet China halfway in investment talks: EU Trade Chief
During a press conference held by business lobby group BusinessEurope, EU trade chief Phil Hogan made it amply clear that the European Union wants China to protect foreign investment and increase access to its investment market in 2020. The EU… Read More ›
-
U.S., South Korea and Japan eyeing investments near South China Sea
South Korea, Japan and the United States are keen to invest in Indonesia’s Natuna Islands with Indonesian President Joko Widodo stepping up efforts to rebuff foreign claims over the resource-rich waters in the South China Sea. In a statement, Indonesia’s… Read More ›
-
Bayer close to settling Roundup herbicide cases: mediator
In an interview to Bloomberg, Ken Feinberg, the mediator who is negotiating between cancer victims and Bayer stated, the the German pharmaceutical and life sciences company is close to settling more than 75,000 cancer claims related to its Roundup herbicide,… Read More ›
-
China to roll out more fiscal support measures with economy facing pressures: China’s head of the National Bureau of Statistics
On Friday, China’s chief of statistics bureau stated, Beijing will maintain a proactive fiscal policy and a prudent monetary policy in 2020 and will roll out support measures since its economy faces downward pressures. During a press conference in Beijing,… Read More ›
manageria.biz 