Author Archives
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Chinese state backed China Unicom reports misleading fund raising figure, opens Pandoras Box
Although the misrepresentation has been quickly dismissed by China Unicom Hong Kong Ltd as a technical issue, the fact that China Unicom has the full support and backing of the Chinese state, it puts into doubt the veracity of the… Read More ›
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Swedish mobile telecom gear maker Ericson to lay off 25,000 employees outside of Sweden
This is part of its strategic cost cutting move to at least $1.2 billion by mid-2018. Svenska Dagbladet, a Swedish daily has reported citing anonymous sources familiar with the matter at hand, Ericsson is likely to lay off 25,000 employees… Read More ›
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Digital bitcoin exchange firm ShapeShift AG completes the acquisition of KeepKey Holder LLC
The deal will allow ShapeShift’s customers to transact in digital currencies without even visiting a website. ShapeShift AG, a Swiss digital currency exchange firm disclosed that it has acquired U.S. based KeepKey Holder LLC, a maker of digital wallets, in… Read More ›
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The majority of British companies have yet to make changes in their strategic planning vis-a-vis Brexit
The result of a survey conducted by Thomson Reuters on British CFOs is intriguing. As per the results of a survey conducted by Thomson Reuters on British CFOs, the vast majority of British businesses are not in synch… Read More ›
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Placing a nuclear warhead on an ICBM missile would be crossing a red line: South Korea’s President Moon Jae-in
This is the first time that the South Korean President has clarified on this matter. North Korea will now know there’s no turning back the clock if it were to continue doing its Don Quixote act. On Thursday, South Korea’s… Read More ›
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FCA joins BMW, MobileEye and Intel led alliance for self-driving vehicle technology
Joining the alliance is a strategic move since it will give FCA a leg up in sharing the enormous cost burden of autonomous self-driving vehicle technology. Fiat Chrysler has become the latest carmaker to join the self-driving alliance led by… Read More ›
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Elliott Management wants in-depth, open, truly independent review of BHP’s U.S. shale oil business
This is indicative that the money fuelling dirty fossil fuels will be better utilised elsewhere. This could also give rise to a slew of lawsuits that oil companies have been misleading shareholders on the impact of their business on global… Read More ›
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Britain’s wants access to EU’s single block market, frictionless border with Northern Ireland
Lawmakers from the UK’s Labour Party have termed the government’s negotiation’s approach as ideas which havent been really fleshed out. In an early attempt to resolve one of its complex aspects of exiting the European Union, Britain aims to have… Read More ›
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Center for Auto Safety appoints Jason Levine as its Executive Director
Levine has experience in this line given his past job postings and track record. On Tuesday, U.S. auto safety advocacy group – Center for Auto Safety – disclosed it has appointed Jason Levine, an an official with a track record… Read More ›
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Vedanta Resources positioning itself anticipating a hike in the demand for electric vehicles
The company;s portfolio is likely to allow it to improve and feed the demand for better battery technology and lighter, fuel efficient vehicles. To this end, its cobalt, zinc and aluminium mines in Zambia, Congo and India are likely to… Read More ›
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