Despite China’s talk, the South Korean news report reiterates suspicion by Tokyo, Seoul and Washington that China has been actively aiding, bolstering and conducting business with its ally – North Korea. Following a South Korean news report that Chinese vessels… Read More ›
Creativity
Supply exceeds demand in U.S. apartment vacancy market
Here are the findings of Reis Inc, a real estate research firm, for the fourth quarter of 2017; the report also includes its projections for 2018. As per a report by Reis Inc, the apartment vacancy in the U.S. has… Read More ›
Tesla’s pickup truck to begin production in mid-2019
Its tentative schedule of production is mid-2019. Tesla’s CEO, Elon Musk stated it will soon build a pickup truck after producing the Model Y, an electric crossover vehicle. “I promise that we will make a pickup truck right after Model… Read More ›
Focus on profits and market share led to data falsification scandal: Mitsubishi Materials Corp
Here are the findings of the committee constituted by Mitsubishi Materials Corp on the data fabrication scandal. On Thursday, Japan’s Mitsubishi Materials Corp stated the push for market share had driven its subsidiary to fabricate fake product specification which led… Read More ›
New Features And Pick Up Trucks Promised On Twitter By Tesla’s Elon Musk
Following request for suggestions from followers about how to improve the company, Teals founder Elon Musk made the promise on Twitter. An open-backed truck would be launched by Tesla following the production of Model Y – which is a yet-to-be… Read More ›
Investors trumped from lack of windfall gains from new contracts for private prisons
While investors had hoped that Trump’s tough talk on illegal immigrants will result in CoreCivic Inc and Geo Group Inc winning government contracts for building prisons, but with fewer illegal immigrants taking the risk to cross over from Mexico to… Read More ›
Barclays to write-down $1.34 billion as a result of the overhaul of the U.S. tax code
Significantly, its Tier 1 capital ratio is also impacted by the overhaul. British lending giant Barclays disclosed that it expects to write-down nearly $1.34 billion (1 billion pounds) from its annual post-tax profit as a result of the U.S. tax… Read More ›
GE to boost its stake in Swedish 3D printer Arcam AB to 90%
GE will buy the outstanding shares from those owned by Elliott Management and the Polygon Investment Group. On Wednesday, GE disclosed it will increase its stake in Arcam AB, a Swedish 3D printer maker, to more than 90%, from 77%…. Read More ›
Apple facing 8 lawsuits for wanton slowing down of iPhones
The lawsuits, affecting the iPhone 6, iPhone 6s, iPhone SE and iPhone 7, seek unspecified damages, and in some cases reimbursement and even barring Apple to throttle the performance of its iPhones. Following Apple’s admission of slowing down ageing iPhones,… Read More ›
China’s state run Zhenhua Oil clinches oil deal in Iraq
The deal will be formalized today in a ceremony in which Zhenhua Oil is expected to commit to building an “oil residential complex” in Iraq’s East Baghdad oilfield, a super giant. A spokesman for Iraq’s oil ministry disclosed that it… Read More ›