In a statement the White House said, President Joe Biden will nominate Georgetown University law professor, a privacy advocate, to the U.S. Federal Trade Commission. “It is the honor of my life to be nominated to serve on the FTC…. Read More ›
Creativity
Pentagon award Lockheed Martin $6.6 billion for support operation and sustainment of F-35 fleet
In a statement the F-35 Joint Program Office stated, the Pentagon has awarded Lockheed Martin Corp annualized contracts worth up to $6.6 billion to support operations and sustainment of the global F-35 fleet. The sustainment contract, for fiscal year 2021, with… Read More ›
Bank of China must stop funding coal power plants abroad: Alliance of 35 NGOs
On Tuesday, an alliance of 35 non-governmental organizations told Bank of China, a major global investor in coal- power plants, that it must end the financing of projects which fuel global warming and instead support clean and renewable energy. In… Read More ›
China’s first narrowbody jet C919 enters final assembly phase
In a statement, China aviation regulator said, its first narrowbody jet, the C919 will be delivered to its launch customer, China Eastern Airlines and that it is about to enter final assembly. Deliveries will commence before the end of the year…. Read More ›
UK should flip business tax on its head: Confederation of British Industry
In a statement the Confederation of British Industry has urged British finance minister Rishi Sunak to not raise taxes and instead offer assistance to meet challenges stemming from COVID-19, climate change and Brexit. Sunak is scheduled to make major budget… Read More ›
Private equity firm Carlyle Group exploring $6 billion sale or IPO for its packaging unit
According to a report from Bloomberg citing sources familiar with the matter at hand, Carlyle Group Inc is weighing options which includes either an initial public offering (IPO) for its packaging unit Novolex Holdings or a $6 billion sale. Carlyle Group… Read More ›
ViacomCBS restructuring Paramount Pictures
A report from the Wall Street Journal citing sources familiar with the matter at hand as saying, ViacomCBS Inc is in the process of revamping the operations of its Paramount Pictures movie and television production unit under a broader management rejig…. Read More ›
Racial inequalities cost US economy $51 trillion since 1990
According to a paper presented at The Brookings Institution, racial and ethnic inequities have cost the U.S. economy nearly $51 trillion in lost output since 1990, said San Francisco Federal Reserve President Mary Daly. Daly is one of the three… Read More ›
Kuwait starts recycling tires from its world’s biggest tire graveyard
In a significant development, Kuwait has started to address its waste problem and has begun recycling tires from its dump yard where more than 42 million old vehicle tires have been dumped in what is slated to be the world’s… Read More ›
Roger Federer-backed Swiss shoemaker On Holding AG aims for $6 billion valuation in US IPO
Swiss shoemaker On Holding AG, which is backed by tennis star Roger Federer, is eyeing a valuation of more than $6 billion for its U.S. initial public offering (IPO), showed a regulatory filing. The IPO comes at a time when… Read More ›
manageria.biz 