On Monday, Finablr said, Ernst & Young LLP has resigned as its auditor following the company not being able to accommodate some of the changes requested by it on time. This includes “changes to the composition of the payments group’s… Read More ›
Creativity
All Foreign investments proposals in Australia comes under purview of Foreign Investment Review Board
In a significant development, Australia stated, its Foreign Investment Review Board (FIRB) will assess all foreign investment proposals so as to prevent a distressed sale of corporate assets. On Monday, Australia’s Treasurer Josh Frydenberg stated, the temporary reduction to zero… Read More ›
Toyota extends factory shutdown in Europe till April 20
On Monday, Toyota Motor Corp said, it will be extending a suspension of production at its factories in Europe with the exception of Russia until further notice. A restart of operations could potentially start after April 20. Following the Wuhan… Read More ›
G20 to hold emergency video conference revolving around strengthening supply chains: Nikkei
On Monday, Japan’s Nikkei business daily said, the Group of 20 trade ministers will be holding an emergency video conference today wherein they will discuss cooperation related to supply chains. The group of ministers are likely to confirm cooperation to… Read More ›
Tesla slashes on-site staff at Nevada plant, NY plant to make ventilators
In a statement, the local county manager of U.S. electric carmaker Tesla Inc stated, the on-site staff at its Nevada battery plant will be slashed by 75% because of the Wuhan coronavirus. The development comes in the wake of Panasonic… Read More ›
DoJ approves Raytheon UTC merger subject to divestitures
In a statement, the U.S. Justice Department stated, it has approved the planned merger of United Technologies Corporation with Raytheon Co, subject to certain conditions. In June 2019, UTC agreed to combine its aerospace business with Raytheon in order to… Read More ›
GM extends North American shutdown of plants without stating restarting date
In a statement, General Motors Co disclosed, it will extend the shutdown of its North American plants beyond March 30. It did not set a restart date. In an e-mail to suppliers, General Motors said, “given the unprecedented circumstances, exactly… Read More ›
Britain increases capacity to test for COVID-19 with new deal with Roche
According to a Channel 4 news bulletin, Roche has struck a deal with Britain to increase the country’s testing capacity for the Wuhan coronavirus. The report, cites Britain’s health authority Public Health England as saying, the new COVID-19 testing machines… Read More ›
Growth Of Global Wind Power In 2019 Was Almost 20%
There was an almost 20 per cent growth in the wind power capacity across the world for 2019, following up on a year that saw record growth in offshore wind farms as well as in onshore projects in the United… Read More ›
G20 Will Do ‘Whatever It Takes’ To Fight Global Coronavirus Threat
The Group of 20 major economies of the world has decided to pump in $5 trillion into the global economy though national measures in order to try and ease the economic impact of the coronavirus pandemic while also pledging to… Read More ›
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