With Boris Johnson emerging as Britain;s next Prime Minister, he will have just over 3 months to deliver on Brexit. On Tuesday, Goldman Sachs raised its estimate of Brexit from 35% to 40% saying the “hurdle” to stop a hard… Read More ›
Entrepreneurship
Chinese automotive group BAIC purchases 5% stake in Germany’s Daimler
The development is aimed at reducing the cost of developing affordable electric self-driving cars. On Tuesday, in a development that marks Beijing Automotive Group Co Ltd (BAIC) further cementing its relationship with German carmaker Daimler, the Chinese company has purchased… Read More ›
Ford to invest $50 million in Chicago plant for assembling hybrid electric SUVs
The plant, which currently modifies vehicles for police use, will be upgraded and the existing work will be transferred to a nearby facility. 450 jobs will be created by this move. In a statement Ford Motor Co said, it would… Read More ›
Blackstone open to selling its stake in Cheniere Energy Inc
In the last 7 years Blackstone invested around $1.5 billion into the alliance. As of Friday’s close, its 58% stake in the alliance is worth $8.7 billion. According to sources familiar with the matter at hand, Blackstone Group Inc is… Read More ›
Equifax agrees to settle 2017 data breach federal and state investigations with $700 million
This is one of the largest ever settlement for a data breach. Affected consumers should get in touch with the company. On Monday Equifax Inc, a credit-reporting company, stated it will pay up to $700 million to settle U.S. federal… Read More ›
China to impose anti-dumping tariffs on SS products from Japan, South Korea, Indonesia, and EU
The anti-dumping duties, ranging from 18.1% to 103.1% will be effective from July 23, 2019. On Monday, China stated, it will impose anti-dumping duties on select stainless steel products which it imports from Japan, South Korea, the EU and Indonesia…. Read More ›
UAE’s Emaar Properties sign $11 billion airport implementation deal with Beijing Daxing International Airport
The value of the project includes the value of the 5 sq. km of land at the airport. On Monday, UAE state news agency WAM stated UAE’s Emaar Properties has signed an agreement with Beijing Daxing International Airport “to implement… Read More ›
China’s mammoth’s to 303% of its GDP
China is not only loading up economies partnering in its Belt and Road project with an unsustainable pile of debt, back at home it is also struggling to stay afloat from a surging tsunami of debt which has now breached… Read More ›
Airbus close to signing multi billion dollar deal with Air France
The potential deal will see Air France replacing its ageing medium haul aircraft. According to industry sources, Airbus is close to signing a deal worth billions of dollars for the sale of dozens of A320neo-family and smaller A220 aircraft to… Read More ›
Samsung asks partners to stockpile Japanese electronic components
Samsung has assured its partners that it would shoulder the burden of stocking these additional components. According to a source familiar with the matter at hand, Samsung Electronics has urged its local partners to stockpile more Japanese components in the… Read More ›
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