Author Archives

• Australia to exclude telecom equipment suppliers with ties to foreign governments from its 5G market

  By admin1 on October 30, 2018 • ( 0 )

  

  Given that 5G will become a critical infrastructure since it will connect everything ranging from smart gadgets to automobiles, telecom equipment suppliers will be scrutinized for their ties to foreign governments. In what could possibly explain Australia’s move to ban… Read More ›

• France and Italy signs military shipbuilding deal

  By admin1 on October 30, 2018 • ( 0 )

  

  French defense company Leonardo favors a joint venture with Italian defense shipbuilder Fincantieri for a military shipbuilding deal: Italian news agency Corriere della Sera. As per a report from Italian news agency Corriere della Sera, the joint venture that has… Read More ›

• William Ackman’s Pershing Square Capital Management takes a stake in Hilton Worldwide Holdings, again

  By admin1 on October 26, 2018 • ( 0 )

  

  In 2018, William Ackman’s Pershing Square Capital Management has been one of the few activist investor hedge funds which has managed to deliver high returns. In a significant development, for the second time in two years billionaire investor William Ackman… Read More ›

• Britain’s central bank directs all banks to build Brexit cushion by March 2019

  By admin1 on October 26, 2018 • ( 0 )

  

  The move has the twin objectives of cushioning Britain in case of a cliff-hanger Brexit as well as provide sufficient room for maneuvering to British lawmakers who are yet to hammer out a Brexit deal with the EU. In a… Read More ›

• New York sues Exxon Mobil Corp for misleading investors on the risks posed by climate change

  By admin1 on October 25, 2018 • ( 0 )

  

  Cities across the U.S. as well as countries are suing oil companies for misleading investors for years on the risks posed by climate change on their businesses. The state of New York has sued Exxon Mobil Corp alleging that it… Read More ›

• Sikorsky Aircraft Corp wins $717 million contract from the Pentagon

  By admin1 on October 25, 2018 • ( 0 )

  

  Sikorsky Aircraft Corp, a unit of Lockheed Martin Corp, will have to provide repair support and logistics for CH-53 and MH-53 helicopters. The Pentagon has awarded Sikorsky Aircraft Corp, a unit of Lockheed Martin Corp, a $717 million defense contract… Read More ›

• Honeywell International Inc wins $1.04 billion contract from Pentagon

  By admin1 on October 25, 2018 • ( 0 )

  

  The contract is for providing support and components for a range of auxiliary power units for 7 kinds of aircraft. As per a statement by the Pentagon, Honeywell International Inc has won a $1.04 billion contract for support of auxiliary… Read More ›

• Deutsche Bank to place assets in safe-haven liquidities rather than cash: CFO

  By admin1 on October 24, 2018 • ( 0 )

  

  This minor change in asset holding strategy is likely to result in improved results, reduced risk tolerance, and at reduced costs. As part of a strategic decision to boost profitability, Deutsche Bank’s Chief Financial Officer stated, it plans on holding… Read More ›

• Masayoshi Son cancels his visit to Saudi investment conference

  By admin1 on October 23, 2018 • ( 0 )

  

  In purely financial terms, the disappearance and killing of journalist Jamal Khashoggi’s at the Saudi Embassy in Turkey could turn out to be a costly affair for Saudi Arabia. On Tuesday, the Wall Street Journal reported citing a conference representative,… Read More ›

• France’s Total to announce retail network partnership with Saudi Aramco: Total’s CEO

  By admin1 on October 23, 2018 • ( 0 )

  

  In April 2018, Total had shown interest in the Saudi petrol station market. This collaboration follows up on the earlier MOU it had signed with the Saudi oil and gas giant. On Tuesday, Patrick Pouyanne, the Chief Executive of French… Read More ›