With battery technology being central to electric cars, Germany is exploring ways to boost the industry by supporting and exempting it from certain energy levies. On Tuesday, Germany’s Economy Minister Peter Altmaier said, the government is willing to support battery… Read More ›
Economy & Finance
Indonesia’s Lion Air to buy 50 Boeing 737 MAX 10 jets
At list prices the order is worth $6.24 billion, although typically airplane makers give a hefty discount to push through sales. On Tuesday, Indonesia’s Lion Air Group disclosed it would be purchasing 50 Boeing 737 MAX 10 jets worth $6.24… Read More ›
USD rises against the yen midst increase in risk appetite following Xi’s speech
Chinese President Xi Jinping’s speech wherein he has promised to open up China’s economy and cut import tariffs have eased investor concerns surrounding the growing trade conflict between the two of the world’s biggest economies. On Tuesday, with Chinese President… Read More ›
There Is Proof That “Sin Taxes” In UK Are Giving Results
Products that are harmful for health of people and the environment are being slapped with new taxes by the United Kingdom as its government strives to alter the consumption behavior of consumers. Plastic bags, diesel cars and sugary soft drinks… Read More ›
Financial Reporting Council (FRC) accepts tougher measures against poor financial reporting by the Big Four audit firms
Although the measures adopted by the FRC are strong, in comparison to penalties imposed by Britain’s Financial Conduct Authority they are still small. On Monday, in a significant development, the Financial Reporting Council (FRC) disclosed that it has accepted the… Read More ›
Novartis to acquire AveXis for $8.7 billion
The acquisition will add AveXis top drug to its repertoire of drugs, which has a significant market in the U.S. for spinal muscular atrophy. On Monday, Switzerland-based healthcare giant Novartis announced its $8.7 billion deal to acquire AveXis; Novartis will… Read More ›
India The New Battle Ground For Amazon Vs Walmart War?
Things have changed dramatically in the Indian e-commerce industry since 2009 when the total volume of the market was less than $50 million and the modern supermarkets were still trying to become stable business models. While Amazon.com was still far… Read More ›
U.S. Shipping Industry To Be By A Potential U.S. – China Trade War
The potential trade war between U.S. and China would significantly impact the global shipping industry. Carrying goods across the oceans aids the maintenance of millions of jobs in the maritime shipping companies because 80 per cent of the total goods… Read More ›
Ford’s wholly owned subsidiary receives license to set up a bank in Germany
Ford Credit Europe (FCE), a wholly owned indirect subsidiary of Ford can now continue to service business customers, dealers, fleets and retailers, in Britain and other countries in Europe. A spokesman for Ford stated, its application to set up a… Read More ›
Hong Kong-based Modern Dental Group sees business opportunity in U.S. China trade conflict
With the United States slapping tariffs on Chinese imports, there is a growing market opportunity for rivals to Chinese companies to increase their market share in their respective segments and expand their foothold in the U.S. Modern Dental Group Ltd,… Read More ›