In a report, the Financial Times said citing sources, Ralf Speth, Jaguar Land Rover’s Chief Executive Officer is scheduled to step down later this year in September when his contract ends; he will continue to remain in the company at… Read More ›
Entrepreneurship
JPMorgan Chase & Co plans on cutting 1% of workforce from its consumer division
Bloomberg has reported citing sources briefed on the matter as saying, JPMorgan Chase & Co plans on cutting hundreds of jobs across its consumer division. Bloomberg’s report did not mention the exact number of jobs JPMorgan plans on cutting but… Read More ›
Chinese tourists visiting Thailand to fall by 2M in 2020
On Tuesday, Thailand’s Tourism Authority stated, it expects tourists from China to fall in the range 2 million to 9 million due to the coronavirus outbreak in that country. Around 11 million Chinese tourists, Thailand’s biggest source of visitors, visited… Read More ›
Brazil’s antitrust regulator Cade approves Boeing-Embraer deal
According to a statement on Brazil’s antitrust regulator Cade’s website, it has approved Boeing Co’s acquisition of Embraer SA’s commercial aviation division without restrictions. Boeing and Embraer welcomed the move with the former saying it remained confident of the deal… Read More ›
Large investment banks backing away from Chinese IPOs on Wall Street
Midst tumbling valuations and frosty political climate, large investment banks are backing out of Chinese IPOs on Wall Street, and are forced to slash the size of their deals. In the last few months, big banks including Bank of America,… Read More ›
Threat from Coronavirus puts China’s trade war recovery at serious risk
If ever there was a perfect time to book profits on China China, the time is now. Despite analysts’ estimate of the Chinese economy doubling in size in 2020 in comparison to where it was a decade ago, all of… Read More ›
Kuwait will require $180 billion in financing over the 6 years
As per an estimate from the International Monetary Fund, Kuwait will require $180 billion in financing over the next six years given a scenario of low oil prices and its “modest” fiscal measures. Earlier this month, Kuwait had said it… Read More ›
Loopholes in Canadian real-estate law allows money laundering
According to a report from Transparency International (TI), loopholes in Canadian law are allowing a “corrupt elite” to use the housing market for laundering money. TI’s report found at least ten problem areas in law that deals with real estate… Read More ›
Nestle increases its footprint in plant-based protein with this collaboration
On Friday, food giant Nestle stated, it has decided to collaborate with Canadian plant-based food ingredient makers Burcon and Merit to increase its footprint in the fast-growing plant-based protein segment. The teaming up will allow Nestle to tap into Burcon’s… Read More ›
Trump scheduled to sign USMCA on Wednesday
U.S. President Donald Trump is scheduled to sign a trade pact between the United States, Canada and Mexico on Wednesday during a ceremony at the White House, said an administration official while adding, invitations for attending the event has already… Read More ›
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