Qatar’s move is probably aimed at increasing its traction in the Middle East and comes in the wake of Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cutting diplomatic ties with it since June 2017 and have accused Doha… Read More ›
Entrepreneurship
Saudi Arabia central bank, reviewing license requests for 2 new banks
Will provide further details as soon as they are available. In an interview to Al Arabiya TV, Ahmed al-Kholifey, the Governor of Saudi Arabian Monetary Authority (SAMA) stated, the Kingdom’s central bank is reviewing license requests for two new Saudi… Read More ›
Secondhand Fashion Site TheRealReal Does Well At The US Stock Exchange
The circular economy around fashion is seemingly caught the fancy of US investors in the United States as there was a 40 per cent rise in the stock price of The RealReal, the US secondhand luxury fashion website, soon after… Read More ›
Carlos Ghosn cancels news conference following concerns raised by his daughters
Although Ghosn’s lawyers did not specify the reasons for cancelling the news conference, earlier in April he had been rearrested after scheduling a news conference. On Friday, lawyers of Carlos Ghosn, the former Chairman of the Renault-Nissan alliance stated, he… Read More ›
Hong Kong steadily losing wealth to Singapore
The steady stream of wealth that is being moved out of Hong Kong to Singapore is due to China’s aggressive posturing on the former British isle. According to sources familiar with the matter at hands, many foreign wealth managers are… Read More ›
China’s Dajia Insurance Group to take over the assets of Anbang Insurance Group
Dajia Insurance Group has a registered capital of $2.97 billion. According to a Chinese government document, Beijing has formed a new company called Dajia Insurance Group in order to take over the assets of Anbang Insurance Group. According to a… Read More ›
Huawei Technologies loses trade secret lawsuit against CNEX Labs Inc
According to Paul Shere, CNEX’s spokesman, Huawei’s lawsuit was an effort to acquire “CNEX’s advanced semiconductor technology” through a court action. In a setback to China’s Huawei, a A U.S. has cleared semiconductor designer CNEX Labs Inc of stealing trade… Read More ›
Peter Hochholdinger, VP of production leaves Tesla
Tesla’s car production is an intensive environment, only the very tough who can meet demanding deadlines can thrive. According to news website, Electrek, Peter Hochholdinger, Tesla Inc’s vice president of production at its Fremont factory, has left the company. The… Read More ›
Bombardier’s trade secrets lawsuit dropped following Mitsubishi-Bombardier deal
Bombardier and Mitsubishi have agreed that the latter will purchase Bombardier’s CRJ regional jet program. Details of the deal have not yet been disclosed. In a statement, Mitsubishi said, Bombardier’s trade secrets lawsuit against its aircraft unit has been “stayed”… Read More ›
Unilever to close ice cream facility production factory in Henderson, Nevada
Employees at the plant can apply for open positions at other sites. In a statement Unilever said, it would be closing its ice cream manufacturing facility in Henderson, Nevada. As a result of this closure, 300 people are likely to… Read More ›
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