Author Archives

• SoftBank’s Vision Fund’s venture in Saudi Arabia to create world’s biggest solar producing company

  By admin1 on March 28, 2018 • ( 0 )

  

  Although Saudi Arabia is one of the world’s sunniest countries, its solar power footprint is minuscule. This project, to a big extent, diversifies it economy, greenifies and balances its power generation industry which traditionally has been largely oil-fired power. As… Read More ›

• Uber settles class-action lawsuit with $10 million

  By admin1 on March 28, 2018 • ( 0 )

  

  As part of the court settlement, Uber will have to, in regular intervals, report its demographic data of its workforce, as well as develop a validated promotion assessment process. Uber technologies Inc has agreed to settle a class-action lawsuit, brought… Read More ›

• Chinese steel industry to cooperate with EU probe on imported steel

  By admin1 on March 27, 2018 • ( 0 )

  

  Faced with two fronts, the China’s steel industry perhaps could be persuaded to adequately alter its production and trading policy. The imposition of EU tariffs on Chinese steel could complicate matters if not significantly alter the face of the industry…. Read More ›

• U.S. wants access to Chinese markets, stop theft of intellectual property

  By admin1 on March 27, 2018 • ( 0 )

  

  With China’s trade surplus with the United States at $375 billion, it clearly has much to lose. The Trump Administration has demanded that China cut this surplus by at least $100 billion. As per a source familiar with the discussions… Read More ›

• Deutsche Bank looking to replace John Cryan, its CEO

  By admin1 on March 27, 2018 • ( 0 )

  

  Following a breakdown of communication between the Deutsche’s CEO and its chairman, Germany’s largest bank is looking ti replace its CEO. Their disagreement comes in the wake of China’s HNA becoming its largest shareholder. Wanting to improve its lagging performance… Read More ›

• Akzo Nobel to sell its Specialty Chemicals business to Carlyle Group GIC for $12.6 billion

  By admin1 on March 27, 2018 • ( 0 )

  

  The deal may have been aimed at avoiding a takeover from its rival PPG Industries. On Tuesday, Akzo Nobel disclosed that it will be selling its Specialty Chemicals business to U.S. private equity firm Carlyle Group and Singapore’s GIC for… Read More ›

• LVMH’s Louis Vuitton hires Virgil Abloh to design its new menswear collections

  By admin1 on March 26, 2018 • ( 0 )

  

  Fashion houses are increasingly adopting streetwear looks to attract younger shoppers. On Monday, LVMH’s Louis Vuitton brand, the biggest revenue generator of the French luxury goods group said, it has hired Virgil Abloh, the founder of Off-White, a streetwear label,… Read More ›

• Stocks markets across the world bounce back on easing trade war fears

  By admin1 on March 26, 2018 • ( 0 )

  

  News of U.S. Treasury Secretary Mnuchin planning a visit to China had eased fears of a trade war between the two giant economies. With the United States and China set to negotiate on trade, fears of trade wars between two… Read More ›

• South Korea offers $37 million in financial aid to GM Korea

  By admin1 on March 26, 2018 • ( 0 )

  

  The financial support of up to $37 million to small and medium sized companies who are affected by on of GM’s Korea’s plant, could be extended to more depending on the overall impact the closure will have on these companies… Read More ›

• Boeing decides to not appeal against U.S. International Trade Commission’s ruling in Bombardier’s CSeries jet case

  By admin1 on March 23, 2018 • ( 0 )

  

  The Canadian government is currently holding a tender, for fighter jets, worth between C$15 billion and $C19 billion.   As per a statement made by a Boeing’s spokesman, the airplane maker will not go on appeal against the U.S. trade… Read More ›