Author Archives
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VW could be staring at another penalty on August 10
The $15.3 billion settlement does not include the 85,000 vehicles that use its 3.0 litre engine for typically found in its VW, Porsche and Audi brands. The $15.3 billion settlement is likely to get significantly bigger. According to German weekly… Read More ›
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Delivery Hero set to launch its IPO in 2017
Two American investors valued the company at 2.8 billion euros in its latest funding round, which took place last year. Europe’s biggest startup Delivery Hero, a German online food take away service, is likely to go public next year, according… Read More ›
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Japan’s Fair Trade Commission raids Amazon Japan
The raid was in pursuance of Amazon Japan’s suspected pressure tactics for boosting its online sales. In what can be considered as an indicator of trouble brewing in Amazon Japan, Japanese business daily, Nikkei has reported that the country’s Fair… Read More ›
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Viacom smashes analysts’ expectation, reports revenues of $3.11 billion
It is to be seen how this is going to be played/portrayed by Shari Redstone and Phillippe Dauman in the on-going court battle. The owner of Comedy Central, MTV and Nickelodeon, has reported a higher than expected revenues for this… Read More ›
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Brexit will impact Goldman Sachs’s operations
Goldman Sachs is in the process of restructuring its business so as to continue its operations in EU and Britain and service its clientele. In a significant development, the Goldman Sachs Group has disclosed that Britain’s historic decision to leave… Read More ›
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Bank of England cuts interest rates, revives bond buying program
Britain’s central bank has stated that it will take “whatever action is necessary” to stabilise the country’s economy. With the Bank of England cutting interest rates and reviving its bond buying program to cushion Britain’s economy from the shockwaves of… Read More ›
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Reduced tax breaks for 1.6L engine cars in China to negatively impact VW
Although China Association of Automobile Manufacturers (CAAM) is pushing to make the tax break permanent, any downward revision of the tax break will affect VW’s China operations. According to the head of VW’s China operations, the planned retraction of tax… Read More ›
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Facebook allows small businesses to sell through their FB pages
Through this strategic step, FB is trying to tap the fast growing economies of Asia as other markets are largely saturated. Social media giant, Facebook Inc. has disclosed that it will allow small businesses in emerging markets to sell their… Read More ›
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Time Warner’s revenues beat analysts’ forecast
An increase in viewership in HBO has helped it rake in more profits. Additionally, it has also taken a 10% stake in Hulu. The owner of CNN and Cartoon Network, Time Warner Inc. has raised its profit forecast for 2016-2017…. Read More ›
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South Korea suspends sale of most VW models
The move could hit VW hard since South Korea was one of its major market for its luxury brands, including Bentley and Audi. In a fresh blow to embattled car manufacturer VW, South Korea has suspended the sales of 32… Read More ›
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