With its Vision 2030 plan, Saudi Arabia is inviting domestic and foreign investors to invest in its economy as it tries to diversify and wean itself away from an oil-based economy. As per a presentation made by senior officials at… Read More ›
Economy & Finance
Munich prosecutors arrest the former head of R&D at Porsche marking the first arrest in Germany following VW’s diesel emission scandal
While Wolfgang Hatz’s personal premises were searched by prosecutors in Germany, corporate locations were not part of the raid. As per a source familiar with the matter at hand, prosecutors from Munich have arrested a former member of Porsche board… Read More ›
Amazon.com’s Whole Foods Market reports credit card information of consumers stolen its taprooms and restaurants
Since Whole Foods uses a different point-of-sales system at some of its stores, the data kep in those systems weren’t accessed by hackers. Hackers haven’t been able to touch any of Amazon.com’s data in its computer systems. In a significant… Read More ›
Putin Helped To Thwart Spies By Natalya Kaspersky’s Snoop-Proof Phone
Seeking to capitalize on the country’s tensions with the U.S., a smartphone that prevents Google and other apps from snooping on users is to be introduced by a Russian security company run by Kaspersky Lab’s co-founder. The Taiga phone has been… Read More ›
One Of The Oil Market’s Biggest Concerns Now Is A Small Region In Iraq
Oil markets would be unsettled for weeks to come as oil prices were boosted to more than two-year highs by tensions over an independence vote in Iraqi Kurdistan. Despite objections from the central government in Baghdad and much of the… Read More ›
U.S reactionary imposition of 220% duty on Bombardier has larger geopolitical consequences
Bombardier is a major employer in Northern Ireland, where a handful of legislators is keeping British Prime Minister Theresa May’s minority Conservative government in power. The British government has threatened to cancel 18 Boeing F-18 Super Hornet fighter jets unless… Read More ›
Probes by the European Union and the U.S. push China to crackdown on violators of intellectual property
China has sought so portray its crackdown on violators of U.S. & European intellectual property as its independent decision. China’s markets are famous for cheap knock offs of well-known European and U.S. brands for a tenth of their asking price…. Read More ›
French industrial giant Alstom SA agrees to merge with German engineering giant Siemens AG
The industrial giants have agreed to stand shoulder to shoulder to withstand the assault of China state-owned railways – CRRC Corp Ltd. In a significant development, French industrial group Alstom SA has agreed to merge its railways business with its… Read More ›
U.S. Commerce Department slaps 220% anti-subsidy duty on Canadian planemaker Bombardier’s Cseries jets
The Canadian airplane maker has termed the U.S. move as absurd and divorced from reality. Following a complaint lodged by Boeing Co, with the Trump Administration, against unfair subsidies received by Canadian airplane maker, Bombardier Inc, on Tuesday, the U.S…. Read More ›
More Protection For Uber-Style Jobs Sought By EU
In order to try to tackle growing social inequality, rights for casual workers, such as those in the “gig economy”, and others with non-standard contracts is sought to be better protected more social protection and rights by the European Commission…. Read More ›
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