In a statement the European Commission said, they have launched a preliminary investigation into Coca Cola Co. “We can confirm that the Commission has sent out questionnaires, as part of its preliminary investigation into Coca Cola,” said the Commission’s spokeswoman… Read More ›
Creativity
Tesla could establish presence in Russia: Elon Musk
On Friday, while adding an event via a video link, Elon Musk said Tesla was close to establishing a presence in Russia and was looking at options to see whether it could open a factories in the country. While Tesla… Read More ›
First quarter revenues of private jet company Wheels Up jumps by 68%
In a statement Wheels Up, a Private jet company, reported a whopping 68% jump in its first quarter revenues as well as a 56% bump in its active members, as a result of consumers opting to fly private due to… Read More ›
Byron Allen sues McDonald’s Corp for $10 billion for racial discrimination in allocating ad dollars
McDonald’s Corp has been sued for at least $10 billion by two companies owned by Byron Allen, a media entrepreneur, who has accused it of racial discrimination since it does not advertise enough with Black-owned media outlets. According to the… Read More ›
China selectively bans Tesla vehicles from government compounds
Two sources familiar with the matter at hand have stated, the Chinese government has told its employees not to park cars made by Tesla Inc inside select government compounds due to cameras being installed on the vehicle. So far, it… Read More ›
Ford bets on electric version of its best selling F-150 pickup truck to beat Tesla
Ford Motor Co is betting that its electric version of its best selling F-150 pickup can beat rivals including Tesla since the model provides newer technologies to a familiar model that fleet owners and businesses are already familiar with and… Read More ›
Construction management startup Procore Technologies raises US IPO range
On Thursday, Procore Technologies Inc, a construction software startup said, it has priced its U.S. initial public offering (IPO) at $67 per share, higher than the range it had announced earlier this month. California-based Procore Technologies is offering around 9.5… Read More ›
KKR acquires Britain’s John Laing Group for $2.84 billion, takes it private
On Wednesday, in a statement KKR, a private equity firm, said it aims to acquire John Laing Group in a deal that values the British infrastructure investor at around $2.84 billion (2 billion pounds). The development makes John Laing the… Read More ›
Vietnam temporarily suspends Foxconn’s plants after COVID-19 outbreak
In a statement, Vietnam’s People’s Committee of the northern province of Bac Giang ordered four industrial parks, including three which house the production facilities of Taiwan’s Foxconn to temporarily shut down because of a COVID-19 outbreak. The People’s Committee said these… Read More ›
Despite China’s anti-Australia rhetoric, Beijing continues to be Australia’s biggest trading partner
Despite China’s anti-Australia rhetoric, ongoing trade between the two countries is evidence of the ongoing relationship, pointed out Australian Prime Minister Scott Morrison. Beijing’s criticism of Australia is aimed at its domestic audience for political gains. While bilateral relationship between… Read More ›