For the 41st time, India’s domestic air traffic is seeing double digit growth. India’s Mumbai-based Jet Airways Ltd disclosed it plans on purchasing 75 Boeing 737 MAX narrowbody jets from the U.S. airplane maker. Jet Airways did not disclose in… Read More ›
Creativity
Deutsche Bank nominates 4 members to its supervisory board
The development comes midst questions being raised by major investors over the future leadership at Germany’s biggest bank. On Wednesday, Germany’s largest lender, Deutsche Bank stated John Thain, a veteran U.S. banker is being nominated to its supervisory board. The… Read More ›
Cement maker LafargeHolcim loses key investor from its board
Key personnels from cement maker LafargeHolcim are set to step down from its board at its 2018 AGM. On Wednesday, Cement maker LafargeHolcim stated Thomas Schmidheiny, its largest most influential shareholder who has been the driving force behind merger which… Read More ›
China raises anti-dumping tariffs on diethylene glycol and ethylene glycol
A range of U.S and European companies, are likely to be affected by this measure, including DowDuPont, Equistar, BASF, Eastman, Sasol and Ineos. On Wednesday, China’s Ministry of Commerce said, Beijing will raise anti-dumping tariffs on diethylene glycol and ethylene… Read More ›
Landmark Transfer Pricing tax suit – Coca-Cola vs the U.S. IRS
The lawsuit is drawing loads of eyeballs since it could set a precedent for MNCs over their transfer pricing mechanism. In a lawsuit, closely watched by tax experts, that marks a growing signs of tension between the U.S. Internal Revenue… Read More ›
Beijing imposes additional tariffs on U.S. exports
Beijing move will impact $3 billion U.S. exports to China. China’s finance ministry stated, Beijing has imposed additional tariffs of up to 25% on 128 U.S. products including including certain nuts, wine and frozen pork, in response to U.S. duties… Read More ›
Christian Strenger, founding member of Germany’s Corporate Governance Commission calls investors to vote against Wolfgang Porsche’s re-election to VW’s board at its AGM
Although Christian Strenger has a a small stake in VW, as the ex-CEO of DWS, Deutsche Bank’s asset management arm, and being the founding member of Germany’s Corporate Governance Commission, he has a prominent voice. German newspaper Frankfurter Allgemeine Sonntagszeitung… Read More ›
Trump’s attack on Amazon.com leads to $24 billion loss in market capitalization
As per news reporting service Axios, Trump is considering ways to rein in Amazon’s power. In the second instance of its kind, U.S. President Donald Trump came down heavily on Amazon.com Inc accusing it of benefiting unfairly from cheap rates… Read More ›
Seoul Authorities To Shut Light And Worker’s Computers To Prevent Working Late Hours
The authorities of South Korea’s capital city are demanding that workers there work less and not more – unlike some employers. And to prevent workers from working too much, the authorities are even planning to switch off lights and are… Read More ›
A Trash Now Has Been Embedded With Self Driving Car Technology To Empty Itself
After autonomous cars, now it is the turn of refuse to turn robotic. The design of an autonomous refuse robot has been released by Canada’s pioneering robotics and artificial intelligence research company – AI Incorporated. The autonomous robotic refuse is able… Read More ›