Headwinds facing Huawei Technologies and ZTE Corp is likely to shoot up to gale force. In a development that comes in the wake of federal prosecutors investigating alleged stealing of trade secrets by Huawei from T-Mobile and other businesses, a… Read More ›
Following the ruling, UPS said it is seeking $1.99 billion (1.74 billion euros) in damages. In a development that potentially opens up the possibility of potential litigation against the European Commission, on Wednesday, the European Court of Justice annulled a… Read More ›
Banks shares have risen modestly giving hopes of a compromise Plan B for Brexit. On Wednesday, the share prices of British banks witnessed heavy losses in the wake of the parliamentary vote on the Brexit deal which saw one of… Read More ›
In recent times, social media platform Facebook has been criticised of its role in causing an erosion of the news business worldwide and hence the company would be investing $300 million over a three year period in local news globally… Read More ›
May’s Brexi deal faces strong headwinds in parliament. Today’s vote will not only decide her May’s career but also chart Britain’s economic and geo-political future in the days to come. On Tuesday, in a historic vote in the British parliament… Read More ›
Sri Lanka is struggling to repay its foreign debt which is at a record $5.9 billion. The current amount of $300 million can be expanded to $1 billion. On Tuesday, in a move that deepens China’s grip on the island… Read More ›
Britain’s economic future will be decided today in Parliament. Options range from reversing Brexit to a cliff hanger Brexit. As per a report from British tabloid ‘The Sun’, Prime Minister Theresa May is likely to force a second parliamentary vote… Read More ›
The options Air Canada is looking at includes Airbus A321XLR and the Boeing 737 MAX. A senior executive from Air Canada disclosed, the airlines is interested in further developing the usage of narrowbody aircraft for its transatlantic market and is… Read More ›
China’s trade surplus with the United States grew by 11.3% from the previous year. Customs data released on Monday shows, China recorded its biggest trade surplus with the United States which touched $323.32 billion – its highest since 2006. In… Read More ›
The bulk of the fall in industrial output in the Eurozone can be attributed to weak investment appetite for capital goods, durable consumer goods, and non-durable consumer goods. On Monday, in what amounts to a confirmation of the series of… Read More ›
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