Inditex is the world’s biggest clothing retailer. Its strategic decision to not provide discounts from September, unlike its peers, have contributed to its continued growth. Inditex, the world’s biggest clothing retailer, has reported a net profit of $2.7 billion (2.4… Read More ›
Kenneth Possenriede will be replacing Bruce Tanner who is set to retire in mid-2019. U.S. defense contractor Lockheed Martin Corp has announced, Kenneth Possenriede will be replacing Bruce Tanner as its chief financial officer. Tanner is likely to retire in… Read More ›
The move signals Daimler’s push to electrifying its near-future lineup. In a development that marks the electrification of its future lineup, on Tuesday, Daimler stated it would purchase battery cells worth at least $22.75 billion (20 billion euros) as it… Read More ›
Daniel O’Day is likely to joint Gilead Sciences sometime in 2019; a formal date has not been set. According to a source familiar with the matter at hand, Gilead Sciences Inc, a drugmaker, will appoint Roche Holding AG’s Daniel O’Day… Read More ›
Regardless of the heat faced by Carlos Ghosn, Hiroto Saikawa, and Nissan Motor in the financial misconduct, the key question here is how is this going to impact the Nissan’s alliance with Renault! According to sources familiar with the matter… Read More ›
In July 2018 during sample test checking, Nissan found various instances wherein fuel economy and emission testing did not match those set by Japan for domestic standard. A recall of the affected cars is likely. On Thursday, Japanese daily Nikkei… Read More ›
The court concluded that the Co-operative had misrepresented milk prices to milk suppliers causing them a loss. On Thursday, Australia’s competition regulator stated, the Federal Court of Australia has imposed penalties of $145,000 (A$200,000) against Gary Helou, a former managing… Read More ›
The arrest and the subsequent extradition to the United States is one of several headwinds facing Huawei. Countries across the world are taking steps to bar the usage of Huawei’s equipment from their core existing and future mobile operations. In… Read More ›
Following the takeover Takada will join the ranks of the world’s top 10 drugmakers and will gain expertise in rare diseases, at the cost of a mountain-load of debt. On Wednesday, shareholders of Takeda Pharmaceutical approved the $59 billion takeover… Read More ›
The fund targets manufacturing, electric vehicles, farming practices, and energy-efficient commercial buildings. On Wednesday, New Zealand’s Prime Minister Jacinda Ardern announced the creation of a $69.28 million (NZ$100 million) green investment fund that is aimed at boosting private-sector participation so… Read More ›
