Following the huge scandal in Japan over the issue of the illegitimate sales of insurance products by the Japan Post Holdings Co and its two subsidiaries, the CEO of the firm as well as the chiefs of its two subsidiary… Read More ›
Economy & Finance
Boeing’s Ousted CEO Could Get A $60 Million Exit Package: Reports
Dennis Muilenburg, the former CEO of Boeing who was removed from his post last week over the 737 Max grounding scandal will be leaving the company with a huge exit package even though the company itself will linger in the… Read More ›
Strongly opposes 2020 U.S. defense draft policy: China
On Thursday, in a statement China’s commerce ministry said, Beijing resolutely opposes the 2020 U.S. defense draft against Chinese firms and urges Washington to go beyond political leanings and create favorable conditions for Chinese companies. China is closely monitoring the… Read More ›
U.S. sanctions on Nord Stream 2 gas pipeline project will only delay project
As per a report from Russian daily Kommersant, Russian President Vladimir Putin stated, Russia has a “pipe-laying vessel” to complete the construction of the Nord Stream 2 gas pipeline which will supply gas to Germany, According to the report, Putin… Read More ›
UK Jobs And Investment Will Be Retained, Pledges Cobham’s US Acquirer
Amidst the growing criticism of the United Kingdom government to allow the take acquisition of UK based defence and aerospace company Cobham by a private equity firm of the United States at the dead of the night in a deal… Read More ›
Reshoring Of Firms Due To US-China Trade War Boosts Office Rents In Taiwan
The business process of reshoring or the bringing back production and manufacturing in to the home country or the country of origin of a company from foreign shores has resulted in overcrowding of the office space market in Taiwan. Analysts… Read More ›
California insurance regulators proposes reforms on group discounts in auto insurance
On Monday, the California Department of Insurance proposed reform measures which includes ways for insurers to include more people from low-income families. Currently insurers offer group discounts based on education, occupation, and other factors, to the detriment of low-income families…. Read More ›
Tesla gets $1.4 billion loan from Chinese banks for its Shanghai factory
According to three sources familiar with the matter at hand, Tesla Inc has entered into $1.4 billion (10 billion yuan) loan agreement with a group of Chinese banks, for its Shanghai car plant. Part of this amount will be used… Read More ›
Spirit Airlines Inc commits to buying 100 Airbus A320neo jets worth $11-$12 billion
On Monday, U.S. budget carrier Spirit Airlines Inc stated it aims to purchase 100 Airbus A320neo-family jets which are scheduled to be delivered to it through 2027; the agreement comes with options to purchase up to 50 additional aircraft. Spirit’s… Read More ›
$1.3 Bln Investment Round Completed By Electric Vehicle Startup Rivian
The latest round of funding by the United States based electric vehicle startup Rivian yielded $1.3 billion in investments from the likes of fund manager T. Rowe Price as well as contributions from its existing investors including the online retailer… Read More ›
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