If the development has cascading effect and more retailers pull J&J’s baby talc powder from shelves, it could significantly impact its earnings. Already J&J is facing lawsuits over allegations of asbestos in its talc. Following U.S. healthcare conglomerate Johnson &… Read More ›
Entrepreneurship
France proposes Thierry Breton for European Commissioner
Macron is keen to preserve the portfolio he had negotiated with incoming European Commission President Ursula Von der Leyen and has sought assurances that the new candidate would be approved. On Thursday, two weeks after President Emmanuel Macron’s first choice… Read More ›
Norwegian Air to jointly own Airbus fleet with China Construction Bank Corp
The deal will significantly reduce Norwegian Air’s capex requirements. On Thursday, Oslo-listed Norwegian Air stated, it has struck a deal with China’s CCB Leasing to take joint ownership of a large fleet of aircraft that it has ordered from Airbus…. Read More ›
The UK will leave the EU with Johnson’s deal: Downing Street source
The assertion from Downing Street comes at a time when there is increasing speculation of an election before Christmas. As per a senior source from Downing Street, the UK will ultimately leave the European Union on terms set out by… Read More ›
U.S.-EU trade negotiations on the horizon
In an interview to the Financial Times, U.S. Commerce Secretary Wilbur Ross hinted at the possibility of negotiations with the European Union as an alternative approach to imposing tariffs on automotive and automotive parts. On Wednesday, in an interview to… Read More ›
New York Federal Reserve accepts $35 billion out of $58.15 billion in overnight repo bids
The development led to a slight increase in repo rates. In a move intended to help maintain federal funds within their target range, the New York Federal Reserve has accepted $35 billion of the $52.2 billion in bids from primary… Read More ›
Attorneys general to meet up in Colorado next month for antitrust probe against Google Inc
The investigation into Google Inc’s online advertising business involves all U.S. state attorneys general except California and Alabama. According to three sources with knowledge of the matter at hand, U.S. state attorneys general probing Alphabet’s Google Inc plan on meeting… Read More ›
Arla Foods looking for new CFO as Natalie Knight leaves the position
Arla Foods’ CFO, Natalie Knight, will be stepping down as the company’s CFO on February 2020 to take up the role of VP of finance at Ahold Delhaize. On Tuesday, Arla Foods, one of the world’s largest dairy firms, stated… Read More ›
The United Kingdom’s economic fate hangs in the balance as British parliament faces 2 crucial votes
Boris Johnson, who has been the face of the 2016 referendum campaign, now faces an unenviable position of keeping his “do of die” pledge and ensuring Brexit in just 9 days. Defeat in either of the two votes places him… Read More ›
Boris Johnson’s Brexit deal faces stormy clouds in parliament
For Johnson, passing the deal is a do-or-die situation: he has banked on the phrase repeatedly, saying he will get the deal through by October 31, no matter what. On Saturday, British Prime Minister Boris Johnson’s last-minute plan to secure… Read More ›