In case of major disruption to business because of a no deal Brexit, unpaid leave for two weeks or more would be forced on its workers at its Mini plant in Oxford in the United Kingdom, said BMW. The company’s… Read More ›
Entrepreneurship
Landmark Gig Economy Rights Bill Passed By California
The US state of California has passed a legislation that would allow workers in the gig economy to demand holiday and sick pay. This is considered among first legislations in the world that can upend and significantly affect the business… Read More ›
No concrete or credible proposal received on replacing Irish backstop: Ireland’s Foreign Minister Simon Coveney
Britain is staring at a cliffhanger Brexit. On Friday, according to a statement from Irish Foreign Minister Simon Coveney, the British government has yet to make credible and concrete proposals on replacing the mechanism known as the Irish backstop in… Read More ›
Juniper Networks Inc settles FCPA charge with more than $11.7 million: SEC
The SEC had found Juniper Networks Inc to be non-compliant with provisions of the Foreign Corrupt Practices Act (FCPA). The U.S. Securities and Exchange Commission stated, it has fined and settled with Juniper Networks Inc, a sum more than $11.7… Read More ›
Tesla hikes prices of some of its models in China
The depreciation of the Renminbi has led to a jump in import costs. On Friday, U.S. electric vehicles maker Tesla Inc stated, it has raised the price of some of its models in China. The development comes in the wake… Read More ›
Japan to increase scrutiny on foreign ownership of Japanese firms
Japan is taking steps to improve the monitoring of the ownership of its companies in industries which it considers as critical to its national security. According to two officials with knowledge of the matter at hand, Japanese officials are considering… Read More ›
Inverted yield curve pushes need for ultra-long bonds
There is renewed interest among U.S. Treasury officials in ultra-long bonds. As per a report from Bloomberg, U.S. Treasury Secretary Steven Mnuchin is seriously weighing the possibility of issuing ultra-long U.S. bonds. According to the report, the matter is “under… Read More ›
Boeing wins $500 million U.S. defense contract
Boeing has won a defense contract pertaining to Qatar’s air force. According to a statement from the Pentagon, Boeing Co has won a $500 million contract for providing an aircrew for F-15QA fighter jet as well as for a maintenance… Read More ›
Eu-Mercosur trade deal could be signed by next year: Senior EU Official
The EU has made it amply clear that the ball lies in Brazil’s court. Its behavior will have to change its attitude for the deal to come through by late 2020. On Wednesday, a senior official from the European Union… Read More ›
Kraft Heinz Co names Paulo Basilio as its next CFO
Paulo Basilio, who will take over from Sept. 1, will be replacing David Knopf, who will return to Brazilian private equity firm 3G Capital as a partner. Kraft Heinz Co has named Paulo Basilio as its next chief financial officer… Read More ›
