For the 41st time, India’s domestic air traffic is seeing double digit growth. India’s Mumbai-based Jet Airways Ltd disclosed it plans on purchasing 75 Boeing 737 MAX narrowbody jets from the U.S. airplane maker. Jet Airways did not disclose in… Read More ›
Economy & Finance
Deutsche Bank nominates 4 members to its supervisory board
The development comes midst questions being raised by major investors over the future leadership at Germany’s biggest bank. On Wednesday, Germany’s largest lender, Deutsche Bank stated John Thain, a veteran U.S. banker is being nominated to its supervisory board. The… Read More ›
Bahrain Discovers It Largest Oil Field That Will ‘Dwarf Current Reserves’
The biggest oil discovery that has been made in Bahrain since 1932 was announced by the country recently. Bahrain is a small country that lies between the two energy giants Saudi Arabia and Qatar. Forecast to be full of “highly… Read More ›
Landmark Transfer Pricing tax suit – Coca-Cola vs the U.S. IRS
The lawsuit is drawing loads of eyeballs since it could set a precedent for MNCs over their transfer pricing mechanism. In a lawsuit, closely watched by tax experts, that marks a growing signs of tension between the U.S. Internal Revenue… Read More ›
Beijing imposes additional tariffs on U.S. exports
Beijing move will impact $3 billion U.S. exports to China. China’s finance ministry stated, Beijing has imposed additional tariffs of up to 25% on 128 U.S. products including including certain nuts, wine and frozen pork, in response to U.S. duties… Read More ›
Attacks By Donald Trump Forces Amazon To Alter Its Washington’s Top Lobbying Firms
The challenges that are being faced by Amazon.com Inc. in the Presidentship US President Donald Trump, and because of the tax overhaul bill last year, the largest e-retailer of the world has brought in new advisors in its ranks as… Read More ›
EU Rules Cutting Leveraged Trading Results In Bitcoin Hitting $6,000
In what is one of the lowest that bitcoin has achieved since touching near $20,000 levels in value last year, the virtual currency traded at $6,617 on Friday – the beginning of a long Easter week end. This value is… Read More ›
Walmart Inc takes the fight to Amazon.com Inc: explores close ties with health insurer, Humana Inc
If a deal was to materialize, Walmart will have to navigate the complex U.S. healthcare industry while meeting the challenges of a rapidly changing retail market. As per sources familiar with the matter at hand, Walmart Inc, the world’s… Read More ›
U.S. District Judge Valerie Caproni dismisses Exxon Mobil Corp’s lawsuit against NY and Massachusetts
In an interesting turn of events U.S. District Judge Valerie Caproni dismissed Exxon Mobil Corp’s lawsuit against the Attorney General of NY and Massachusetts on the grounds of Exxon’s arguments being “implausible”. In a setback to U.S oil giant Exxon… Read More ›
Facebook’s Latest Privacy Move, Keeping Distance From Data Brokers
All of the third-party companies that collect data from Facebook are being pushed away by the social media company through limited dealings with them. As tool that allows advertisers to target Facebook users with the usage of data garnered from… Read More ›