The British economy seems a little confused if not undecided: while some retailers have reported a surge in their quarterly revenues some have warned of weaker profit outlooks. As per the results of a survey disclosed on Friday, in June… Read More ›
Creativity
Cyberattacks take a toll on Mondelez’s second quarter revenues
The Cadbury’s owner has yet to assess the total damage caused by the cyberattacks. Mondelez International Inc, the second biggest confectionery company in the world, has stated that its second-quarter revenue growth would shrink by 3% due to the recent… Read More ›
South Australia picks Tesla for grid-scale battery project
South Australia has shutdown polluting coal-based power plants and has instead embraced renewable energy sources. In a significant development, Tesla has been picked by South Australia to install a grid-scale battery which is to be paired with France’s Neoen wind… Read More ›
Britain sets Brexit terms – wants frictionless trade
Does this amount to wanting to have the cake and eat it too? EU’s chief Brexit negotiator had earlier made it amply clear, once Britain leaves the bloc, frictionless trade is not possible. In the wake of the shock outcome… Read More ›
VW recalls 766,000 vehicles worldwide
The affected vehicle’s brake control systems will be updated. Volkswagen’s spokesman has disclosed the company will be recalling 766,000 vehicles of its core passenger car brand worldwide in order to update its brake control systems. As per the company,… Read More ›
EU concludes FTA with Japan – subject to terms of final negotiations
The political agreement, hammered out on the eve of the G20 meet, is dripping with symbolism. On Thursday, in a significant development, the European Union and Japan agreed to a free trade agreement in contrast to U.S. President Donald… Read More ›
Airbus to sell 140 planes worth $23 billion to China
Airbus is also discussing the possibility of selling a A380 superjumbo jet to China as part of a separate deal. On Wednesday Airbus stated it has signed an agreement to sell 140 aircrafts to China, in a deal worth nearly… Read More ›
The Australian Government continues its love affair with the fossil fuel industry
Valued at $56 billion, the Great Barrier Reef, taken off UNESCO’s danger list with the Australian government continuing its love affair with the fossil fuel industry. UNESCO, the United Nations’ cultural body has voted to leave the Great Barrier Reef… Read More ›
Chinese bike-sharing company Ofo valued upwards of $2 billion
In its latest funding round, led by the Alibaba Group, the company raised $700 million. On Thursday, Ofo, a Chinese bike-sharing start-up stated it has raised more than $700 million in its latest funding round, led by Alibaba Group and… Read More ›
Anti-Fraud Fintech Firm’s CEO Says That Cyberattacks Rely On The Consumer And That’s A Problem
Fooled into entering his password for his private Gmail account was John Podesta, the former chairman of Democratic candidate Hillary Clinton’s presidential campaign, in March 2016. And locking down files of major corporations and demanding they pay a ransom to… Read More ›
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