On Monday, data released from Italy’s central bank showed, in June 2020, Italian banks had increased their lending to companies with business resuming after the Italian government gradually lifted a national lockdown to mitigate health risks from the Wuhan coronavirus…. Read More ›
Entrepreneurship
Norwegian oil and gas giant appoints Anders Opedal as CEO
On Monday, Norwegian oil and gas giant Equinor said it has appointed Anders Opedal as its new CEO with effect from November 2, 2020. Opedal will be replacing Eldar Saetre who is set to retire after serving the company for… Read More ›
EU’s Changing Tone On Brexit Makes UK Confident Of A Deal
There has been a distinct change the tone and attitude of European Union in recent weeks over the Brexit deal with the United Kingdom which has allowed progress to be made and prompted Britain’s top minister overseeing Brexit talks saying… Read More ›
Taiwan negotiating SeaGuardian surveillance drones purchase with U.S.: Sources
In a significant development, six U.S. sources familiar with the negotiations have disclosed, the United States is negotiating the sale of at least four sophisticated aerial drones to Taiwan. Armed with the SeaGuardian surveillance drones, that have a range of… Read More ›
Mitsubishi Motor’s chairman resigns citing health reasons, hands over role to CEO Takao Kato
On Friday Mitsubishi Motors Corp said its chairman Osamu Masuko has resigned due to health reasons and has handed over the role of the chairman to CEO Takao Kato as a temporary measure. Masuko, a veteran of the Mitsubishi conglomerate,… Read More ›
Toyota records 98% plunge in operating profit for Q1, reports profit of $131.73 million
On Thursday, in a development that marks the challenges facing the Japan’s automaker Toyota Motor Corp, the carmaker posted a record 98% plunge in its first-quarter operating profit after the Wuhan coronavirus, which emerged from China, induced a slowdown in… Read More ›
Finance Ministers of Five Eyes intelligence-sharing network discusses resilience of global supply chains
In a statement, Canadian Finance Minister Bill Morneau said, he spoken with his counterparts from Britain and the United States and discussed the need to support global supply chains midst the coronavirus outbreak. The call hosted by Morneau also saw… Read More ›
Uber acquires British tech startup Autocab for undisclosed amount
On Thursday, in a statement Uber said it was in the process of acquiring Autocab, British tech company which sells booking and dispatch software to private hire firms. The deal has synergies stemming from the fact that it will allow… Read More ›
Despite $5B Pandemic Hit, Disney Results Not As Bad As Feared
Despite the novel coronavirus pandemic forcing closure of most of its entertainment parks all across the globe along with the closure of movie theaters and sporting events, Walt Disney Co managed to eked out an adjusted profit and avoid the… Read More ›
Ad industry forms partnership to create targeted ads standards
In a significant development, major advertisers, including Procter & Gamble, Ford Motor Co, and Unilever, and trade associations, have formed a partnership to develop industry standards for targeted advertisements. Targeted ads, a data driven strategy used to target consumers based… Read More ›