The development seals the deal which both countries entered into in Nov. 2018 for 44 Terminal High Altitude Area Defense launchers, missiles and related equipment. According to a statement by the Pentagon, Lockheed Martin Corp has been awarded a $2.4… Read More ›
Creativity
Will take “long hard look” at British operation in case of a cliff-hanger Brexit: Ford Motor
Ford builds only engines in the UK. It does not build any cars. On Tuesday, U.S. carmaker Ford Motor stated, it would have to take a “long, hard look” at its British operations, including two of its engine factories, if… Read More ›
China cuts VAT rate to boost slowing economy
China, the world’s second-largest economy, is growing at its weakest pace in almost 30 years. Its trade war with the U.S. is significantly having a deep impact on its economy. Consumer brands across China, including Apple Inc, have lowered their… Read More ›
Canaccord Genuity Group Inc to restructure capital market business over Brexit-related uncertainties
Canaccord Genuity Group Inc expects significant job cuts in its capital market business in the UK however, it will not effect its wealth management business in the UK or Europe. In a significant development, Canaccord Genuity Group Inc stated it… Read More ›
Irish manufacturing activity grows at a steady pace: PMI
Stockpiling and ramping up operations ahead of Brexit has helped in boosting production levels. As per the results of a survey released on Monday, Irish manufacturing activity grew at an almost identical rate in March compared to February. An increase… Read More ›
Swiss freight forwarder DSV A/S to acquire Panalpina for $4.62 billion
The development marks the end of a more than two month takeover battle designed to build scale in the consolidating transport sector. On Monday, Swiss freight forwarder DSV A/S disclosed, it will be acquiring Panalpina in a $4.62 billion (4.6… Read More ›
New Zealand’s PM Jacinda Ardern likely to discuss Huawei on her 1-day China tour
Among the things she is likely to discuss with China’s President Xi Jinping and Premier Li Keqiang are, potential upgrade to the 2008 FTA and NZ’s transparency on blocking Huawei Technology’s bid to create a 5G network in the country…. Read More ›
Thyssenkrupp & Embraer selected by Brazil to build 4 corvettes
Thyssenkrupp did not disclose the value of the deal. On Friday, German industrial conglomerate Thyssenkrupp stated, it has been selected by Brazil’s navy along with domestic aircraft maker Embraer to build four corvettes. “We are very honored by the Brazilian… Read More ›
AstraZeneca Plc and Daiichi Sankyo Co Ltd sign lucrative cancer drug deal
The deal sees Britain’s AstraZeneca Plc led by Pascal Soriot sharing development and commercialization costs for the drug worldwide. For AstraZeneca the deal makes sense as it will replenish its pipeline as its cancer drug sales grow. In a significant… Read More ›
Dutch citizens file U.S. lawsuit against Boeing over Ethiopian Airlines crash
The U.S lawsuit, filed in a Chicago federal court, was filed by Musoni’s three minor children, who are Dutch citizens residing in Belgium. A lwuaist has been filed against airplane maker Boeing Co in a U.S. federal court in what… Read More ›