South Korea is witnessing a rise in passenger footfalls in international routes. South Korea’s biggest low-cost airline Jeju Air Co Ltd stated, it plans on purchasing 40 Boeing 737 Max 8 airplanes worth $4.4 billion at list prices. The deal… Read More ›
Creativity
Northrop Grumman wins $490 million U.S. defense contract
The contract revolves around the sale of a Global Hawk to Japan. As per a statement from the Pentagon, Northrop Grumman Corp has been awarded a $490 million U.S. defense contract for the sale of a Global Hawk unmanned surveillance… Read More ›
Carlos Ghosn, Chairman of Nissan Motor Co, arrested
Carlos Ghosn is suspected to have under reported his income in his tax filings. Carlos Ghosn, Chairman of Nissan Motor Co Ltd has been arrested by prosecutors from Tokyo for alleged violation of Japan’s financial instruments and exchange act. As… Read More ›
Theresa May rallies business houses to support her draft Brexit deal
May’s deal focusses on a key issue, the immigration system, which was a significant factor in the Brexit referendum. Facing dissenters from within her own party, British Prime Minister Theresa May has scrambled to win support from business leaders for… Read More ›
Global trade facing heightened risks from new cold war: French finance minister Bruno Le Maire
One of the ways out of this pickle is to reform the World Trade Organization, opined French finance minister Bruno Le Maire. On Friday, French Finance Minister Bruno Le Maire stated, the world is facing a cold war over trade…. Read More ›
Rolls Royce continuing with Brexit contingency plans: CEO Warren East
Rolls Royce is focusing its efforts to continue doing business irrespective of the manner Britain departs the EU. On Friday, Britain’s airplane engine maker Rolls-Royce stated, it was continuing with its contingency plans vis-a-vis Brexit. The development comes midst growing… Read More ›
France preparing to install transport and customs measures as a failsafe to Brexit deal
With 4 lawmakers resigning from British Prime Theresa May’s government, the draft Brexit-deal is in peril. On Friday, French Transport Minister, Elisabeth Borne stated, France is preparing various measures, including those dealing with customs checks and controls at ports, in… Read More ›
Chinese-born German engineer caught in industrial espionage
In 2017, China passed the National Intelligence Law which places a duty on all its citizens to act as “intelligence organs” of the state security and support the national intelligence network. In a development that underscores growing concerns among German… Read More ›
Brexit Minister’s resignation deals a body blow to the British Pound
Following the resignation of Britain’s Brexit minister Dominic Raab, the forex, derivatives and money markets are seeing a bloodbath. Following the resignation of Britain’s Brexit minister Dominic Raab in protest of Prime Minister’s draft Brexit deal, the pound nose dived… Read More ›
Germany could ban Chinese firms from its 5G auctions
While in the past German policies have been guided by business interests rather than strategic factors, surely Germany, Europe’s biggest and strongest economy, has gained from history’s strategic insight and will take the right decision. Senior German officials are telling… Read More ›