Author Archives

• Swiss freight forwarder DSV A/S to acquire Panalpina for $4.62 billion

  By admin1 on April 1, 2019 • ( 0 )

  

  The development marks the end of a more than two month takeover battle designed to build scale in the consolidating transport sector. On Monday, Swiss freight forwarder DSV A/S disclosed, it will be acquiring Panalpina in a $4.62 billion (4.6… Read More ›

• New Zealand’s PM Jacinda Ardern likely to discuss Huawei on her 1-day China tour

  By admin1 on April 1, 2019 • ( 0 )

  

  Among the things she is likely to discuss with China’s President Xi Jinping and Premier Li Keqiang are, potential upgrade to the 2008 FTA and NZ’s transparency on blocking Huawei Technology’s bid to create a 5G network in the country…. Read More ›

• Thyssenkrupp & Embraer selected by Brazil to build 4 corvettes

  By admin1 on March 29, 2019 • ( 0 )

  

  Thyssenkrupp did not disclose the value of the deal. On Friday, German industrial conglomerate Thyssenkrupp stated, it has been selected by Brazil’s navy along with domestic aircraft maker Embraer to build four corvettes. “We are very honored by the Brazilian… Read More ›

• AstraZeneca Plc and Daiichi Sankyo Co Ltd sign lucrative cancer drug deal

  By admin1 on March 29, 2019 • ( 0 )

  

  The deal sees Britain’s AstraZeneca Plc led by Pascal Soriot sharing development and commercialization costs for the drug worldwide. For AstraZeneca the deal makes sense as it will replenish its pipeline as its cancer drug sales grow. In a significant… Read More ›

• Dutch citizens file U.S. lawsuit against Boeing over Ethiopian Airlines crash

  By admin1 on March 29, 2019 • ( 0 )

  

  The U.S lawsuit, filed in a Chicago federal court, was filed by Musoni’s three minor children, who are Dutch citizens residing in Belgium. A lwuaist has been filed against airplane maker Boeing Co in a U.S. federal court in what… Read More ›

• British parliament to vote on May’s diluted Brexit package today

  By admin1 on March 29, 2019 • ( 0 )

  

  May’s floundering efforts to get her Brexit deal approved has resulted in a few diplomats opining that Britain was most likely headed for chaotic tumble out of the EU. The bloc is likely to push ahead with contingency preparations next… Read More ›

• Trade deals only for those who are signatory to Paris climate accord: Nathalie Loiseau

  By admin1 on March 28, 2019 • ( 0 )

  

  Nathalie Loiseau quit her job as European affairs minister and is running for the European Parliament. On Thursday, Nathalie Loiseau, the leader of French President Emmanuel Macron’s European election campaign, stated she opposes trade deals with countries who are not… Read More ›

• Office Depot & Support.com Inc to pay total fine of $35M to FTC

  By admin1 on March 28, 2019 • ( 0 )

  

  While Office Depot will pay $25 million, Support.com will be paying $10 million. The U.S. Federal Trade Commission stated, Office Depot Inc and Support.com Inc, a software firm, have agreed to pay $35 million to settle its charges that they… Read More ›

• EU’s securities and markets watchdog imposes $5.78M fine on Fitch

  By admin1 on March 28, 2019 • ( 0 )

  

  20% of Fitch subsidiaries in France, Britain, and Spain had been affected by the conflict of interest. On Thursday, the European Union’s markets watchdog, the European Securities and Markets Authority (ESMA), has fined credit rating agency Fitch a record $5.78… Read More ›

• Volkswagen strikes strategic partnership with Amazon for industry cloud

  By admin1 on March 27, 2019 • ( 0 )

  

  Volkswagen’s tie up with Amazon will help improve production at its factories. According to a report by Germany newspaper Sueddeutsche, the European Union’s biggest carmaker Volkswagen has struck a strategic partnership with Amazon.com Inc to create a kind of “industry… Read More ›