A host of factors including shortage of hard currency, vehicle parts and severe recession had earlier stalled Toyota’s manufacturing activity in Venezuela. In a move that bodes well for Toyota and for the Venezuelan economy, Toyota has disclosed that it… Read More ›
An agreement on terms of a settlement that would result in the departure of Chief Executive Philippe Dauman has been reached between Viacom and controlling shareholder Summer Redstone, reports Reuters quoting sources familiar with the situation. The battle has been a… Read More ›
Where to house the refugees and how to assimilate them into the host country’s culture are the two main concerns of Europe’s refugee crisis and the sharing economy’s methods is being aimed by one non-profit organization in the region to try… Read More ›
The root cause of the crisis started when in efforts to boost Viacom’s bottomline Dauman proposed and pushed for the sale of Paramount Studios, a company which Sumner Redstone acquired after a long battle with media mogul Barry Diller in… Read More ›
Denmark may not soon be able to afford offering such a good deal to its people and this is a problem for the country. Marking one of the highest levels in the rich world, Denmark devotes slightly more than 30… Read More ›
New artificial intelligence (AI) techniques that make searching the web more like talking to a friend and start-ups are hoping that with this new technology they would be able to challenge Google. Understanding natural language, a thing that has typically… Read More ›
Given the present conditions, the bank’s top management could once again forego their yearly bonus. According to Deutsche Bank’s retail chief, interest rates in the Eurozone could be hovering around the 1% mark after 3 years. Christian Sewing, Deutsche Bank’s… Read More ›
While China is quickly entering the list of economies that are among the greatest innovators, the European economies continue to dominate the ranks of the world’s most innovative countries. This was revealed after a study conducted jointly by the World… Read More ›
The race to tap the wealth held by Muslim individuals, institutions and government worth $11.5 trillion is intensifying. Expanding an industry that’s lured global money managers from BNP Paribas SA to Schroder Investment Management Ltd in the past year, the asset management units… Read More ›
There has been slowdown in the growth of the German economy in the second quarter of 2016. However contrary to expectations the growth, clocked at 0.4 percent, was better than what had been predicted. This was revealed in flash estimates… Read More ›
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