A new research by HIS Markit that there would be multidimensional competition in the automotive sector in the future driven by new business models, convergence of disruptive technologies and government policies. “Many of its advantages as a fuel, such as… Read More ›
Creativity
BNP Paribas’ chairman dampens merger of Germany’s Commerzbank with France’s BNP Paribas
Despite Jean Lemierre choosing to keep his cards close to his chest, media reports points to a potential merger which could be the choice to safeguard against a potential takeover bid. On Friday, Jean Lemierre, BNP Paribas’ chairman chose to… Read More ›
VW’s board weighs allocation of $82.5 billion across the next 5 years for electric cars
One of the burrs that needs to be ironed out is Lower Saxony’s influence: not only is the state VW’s second biggest shareholder it is also its home state; Brexit related scenarios are also likely to add to the existing… Read More ›
Mario Draghi, ECB’s president, hints at possible interest rate hike in future
ECB’s decision to extend its bond buying program up to Sept. 2018 is strategic. On Friday, Mario Draghi, the president of the European Central Bank, stated the central bank’s decision to extend its bond-buying program upto September 2018 is central… Read More ›
19 Countries Get Together To Pledge Not To Use Coal – Seen As A ‘Political Watershed’
The UN climate summit in Bonn, Germany, has seen 19 countries getting together to commit quick phasing out of coal in a new alliance. It is being expected that this is the signal of the end of the dirtiest fossil… Read More ›
Mattel has rejected Hasbro’s new takeover bid: Sources
The traditional toy industry is facing a struggle for surival. Facing fierce competition from online stores and with children’s preference moving to electronic toys over traditional ones, the toy industry will have to diversify and expand if it has to… Read More ›
Appeal process for Uber could take years: London Mayor Sadiq Khan
Uber can continue to operate in London until this due process of law is expired. On Thursday, London Mayor Sadiq Khan stated Uber’s appeal against London’s transport regulator ban could go on for years. In September, Transport for London stripped… Read More ›
T-Mobile’s share buyback program could start from December
The company plans on using its collapsed merger with Sprint as a spring board to future M&A deals. On Thursday, T-Mobile’s CFO disclosed that the third biggest carrier will propose a “significant” share buyback that could begin in December. The… Read More ›
Bayer acquires Nestle’s baby food business head for its consumer health division
Heiko Schipper, 48, is set to join Bayer from March 2018. He will be replacing Erica Mann. Schipper will have to stem the flow of losses from Bayer’s non-prescription drugs business and manage the growing preference by consumers to shop… Read More ›
Airbus likely to land orders for 400 jets from Indigo Partners: Sources
Bill Franke, owner of Phoenix-based Indigo Partners, and Airbus’ John Leahy are likely to be the star of the Dubai Airshow. Bill Franke, a veteran investor in the airlines sector, is set to place a historic $40 billion order for… Read More ›