On Wednesday, in a statement Bombardier Inc said, it had managed to secure a loan of up to $1 billion; the utilization of its cash during its second quarter has also improved by around $500 million better than was previously… Read More ›
Entrepreneurship
UK will have news laws to deal with foreign interference
British Prime Minister Boris Johnson plans on giving security services more powers to stop foreign interference in Britain, states a report from The Times newspaper. Johnson’s government is preparing to place a new counter-espionage legislation, which is likely to include… Read More ›
Britain likely to opt for no-deal Brexit: The Telegraph
According to a report from The Telegraph, Britain and the European Union are unlikely to sign a post-Brexit trade deal, with only a few days left before British Prime Minister Boris Johnson’s July deadline. The assumption of the UK’s government… Read More ›
IBM’s revenues beats analysts’ estimate on heightened demand for cloud computing
International Business Machines Corp’s second quarter profits have beaten analysts’ estimates underscoring heightened demand in its cloud computing business with large companies accelerating their shift induced by the coronavirus crisis. With the news reaching the market, shares of the company… Read More ›
Britain to suspend extradition treaty with Hong Kong
On Monday, in a significant development, reports from the Daily Telegraph and the Times stated, Britain will be suspend its extradition treaty with Hong Kong today following forceful introduction of China’s national security law in the former British colony. Accusing… Read More ›
Discount retailer Dollar Tree names Michael Witynski as its CEO
On Monday, in a statement discount retailer Dollar Tree Inc stated, it has promoted its enterprise president Michael Witynski as its chief executive officer. Witynski wil be replacing Gary Philbin. Dollar Tree said Philbin, who will be retiring, will continue… Read More ›
New York Governor Andrew Cuomo announces $750M investment program to expand electric vehicle infrastructure
In a development that underscores the growth of electric vehicles, New York Governor Andrew Cuomo announced an investment program that allocates $750 million to build charging stations and other electric-vehicle infrastructure, as part of New York’s state’s long term goal… Read More ›
Russia expects to produce AstraZeneca’s COVID-19 vaccine: Kirill Dmitriev
In an interview on Friday, Kirill Dmitriev, the head of the Russian Direct Investment Fund stated, Russia expects to sign a deal with AstraZeneca wherein it will manufacture the COVID-19 vaccine being developed by the pharmaceuticals giant and Oxford University…. Read More ›
Volkswagen sees marginal growth in China’s premium car segment in 2020
Despite a general global economic downturn brought about by the coronavirus induced lockdowns, Europe’s biggest automaker Volkswagen AG said, it expects a slight growth in China’s premium car segment this year. The comments were made by Volkswagen Group’s China chief,… Read More ›
Virgin Atlantic hires former Walt Disney Co executive Michael Colglazier as CEO
Virgin Galactic Holdings Inc has named former Walt Disney Co executive Michael Colglazier as its new CEO. The news sent Virgin Galactic’s shares up by 4.3% in extended trade. Previously, Colglazier was the president and managing director at Disney Parks… Read More ›
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