Beijing move will impact $3 billion U.S. exports to China. China’s finance ministry stated, Beijing has imposed additional tariffs of up to 25% on 128 U.S. products including including certain nuts, wine and frozen pork, in response to U.S. duties… Read More ›
Entrepreneurship
Christian Strenger, founding member of Germany’s Corporate Governance Commission calls investors to vote against Wolfgang Porsche’s re-election to VW’s board at its AGM
Although Christian Strenger has a a small stake in VW, as the ex-CEO of DWS, Deutsche Bank’s asset management arm, and being the founding member of Germany’s Corporate Governance Commission, he has a prominent voice. German newspaper Frankfurter Allgemeine Sonntagszeitung… Read More ›
Trump’s attack on Amazon.com leads to $24 billion loss in market capitalization
As per news reporting service Axios, Trump is considering ways to rein in Amazon’s power. In the second instance of its kind, U.S. President Donald Trump came down heavily on Amazon.com Inc accusing it of benefiting unfairly from cheap rates… Read More ›
A Trash Now Has Been Embedded With Self Driving Car Technology To Empty Itself
After autonomous cars, now it is the turn of refuse to turn robotic. The design of an autonomous refuse robot has been released by Canada’s pioneering robotics and artificial intelligence research company – AI Incorporated. The autonomous robotic refuse is able… Read More ›
Walmart Inc takes the fight to Amazon.com Inc: explores close ties with health insurer, Humana Inc
If a deal was to materialize, Walmart will have to navigate the complex U.S. healthcare industry while meeting the challenges of a rapidly changing retail market. As per sources familiar with the matter at hand, Walmart Inc, the world’s… Read More ›
U.S. District Judge Valerie Caproni dismisses Exxon Mobil Corp’s lawsuit against NY and Massachusetts
In an interesting turn of events U.S. District Judge Valerie Caproni dismissed Exxon Mobil Corp’s lawsuit against the Attorney General of NY and Massachusetts on the grounds of Exxon’s arguments being “implausible”. In a setback to U.S oil giant Exxon… Read More ›
Amazon fires two lobbying firms, hires two more in replacement
The ouster of Akin Gump Strauss Hauer & Feld LLP and Squire Patton Boggs is likely to be related to U.S. President Donald Trump’s tweet that the Amazon is not paying enough taxes. On Friday, as per a report from… Read More ›
iQiyi priced its U.S. IPO at $18 per share: source
iQiyi, China’s equivalent to Netflix, will be listed on the Nasdaq on Thursday under the symbol IQ. Unlike its U.S. peer, the video streaming platform has a low subscriber base and generates additional revenues from syndication, online marketing and gaming…. Read More ›
Britain’s Treasury Committee begins investigation into the fantastic sums of money that is being invested in Britain
Under new laws Britain’s Treasury Committee can order the siezure of assets if their owner(s) are unable to explain the source(s) of their funds; providing misleading statements could result in fines or up to two years in the cooler. Following… Read More ›
Equifax appoints Mark Begor as its CEO
Mark Begor, 59, is set to join Equifax on April 16, this year. His appointment at the help of the consumer credit rating agency comes at a time when the firm faces significant headwinds stemming from what is slated to… Read More ›