Given Masayoshi Son’s vision of a future driven by AI and interconnected vehicles and its spread of investments in ride hailing and ride sharing companies in major markets of the world, including in India’s Ola and China’s Didi, and given… Read More ›
Entrepreneurship
Qualcomm likely to reject Broadcom’s $103 billion acquisition offer
Broadcom has let it be known that it is prepared for a takeover battle. According to 4 sources familiar with the matter at hand, Qualcomm Inc is preparing to reject Broadcom’s $103 billion takeover bid as early as this week…. Read More ›
Japan set to be prime destination for hi-tech military hardware
With Japan planning to develop the F-3, a dual use $40 billion fighter jet, UK’s BAE Systems, and U.S. Lockheed Martin, Boeing, and Raytheon are likely to reap in huge contracts for not only developing the F-3 but also for… Read More ›
Amazon set to debut local warehouse in Australia
While the move is likely to positively benefit Australian customers who will now not have to bear the heavy costs of international shipping, the move however is likely to send a shiver down the collective spine of Australian retailers. On… Read More ›
With looming dark clouds on Theressa May’s leadership, the pound takes a more cautious approach
In the backdrop of Brexit negotiations, one of the most complex high stakes negotiations in recent history after WW2, British Prime Minister Theressa May is now facing a challenge to her leadership from her own conservative party midst a lack… Read More ›
China lifts rules on foreign ownership for financial firms
Although this move appears to show China opening its economy up to foreign funds, business expertise and technology, it is to be seen whether these promises will bear fruit or be like the IPO of Chinese companies in the U.S…. Read More ›
Hyundai Motor mulling U.S. production of pickup truck and SUV: Seoul Economic Daily
Hyundai Motor is yet to take a final call on producing the pickup truck and SUV in Alabama. On Friday, Seoul Economic Daily reported, Hyundai Motor Co intends to build its Kona and Tucson sport utility vehicles (SUV) and pickup… Read More ›
New tax reform bill does not kill tax credit for electric vehicles
Although the new tax reform bill, as introduced in the U.S. House of Representatives, had contained provisions to eliminate the $7,500 tax credit for EVs, the version that was introduced on Thursday in the U.S. Senate does not contain these… Read More ›
U.S. Air Products and Chemicals Inc and China’s Yankuang Group to collaborate and build one of the world’s coal-to-fuel and chemicals facilities in China
The deal, which came about on the sidelines of U.S. President Donald Trump’s visit to Beijing, has yet to be finalized. On the sidelines of U.S. President Donald Trump’s visit to Beijing, Air Products and Chemicals Inc, a U.S. industrial… Read More ›
Wisconsin’s Governor Scott Walker to incentive package for Foxconn’s LCD plant in the state on Friday
Despite drawing flak for Foxconn’s LCD plant in the state, the Governor of the state of Wisconsin has given the green signal for the project which would initially provide direct employ to 3,000 people and ultimately to 13,000 people at… Read More ›