In the wake of the financial crisis, the G20 has come up with a list of 30 global lenders who are deemed as too important to fail. Citi has joined the global regulators’ list of banks which are systemically important… Read More ›
Entrepreneurship
Volkswagen restructures labour force for manufacturing electric cars
This strategic move, agreed by its powerful labour unions, will significantly boost its profitability, help it put dieselgate-related costs behind and more importantly, place it as a strong competitor in tomorrow’s burgeoning market of electric vehicles. As per a source… Read More ›
Britain’s Three has been hacked, putting customer information at risk
Hackers were able to access Three’s upgrade database. The country’s data protection regulator had earlier fined the TalkTalk Telecom Group Plc with $496,200 for failing to secure handsets. One of Britain’s biggest mobile phone companies has been hacked. The Telegraph… Read More ›
A revision of NAFTA could put pressures on U.S. auto industry
Since 22 years, under NAFTA, the auto industry and their suppliers have worked as if there were no borders between Canada, U.S. and Mexico. If Donald Trump revisits the agreement and if Canadian manufacturers and exporters prioritize the U.S. over… Read More ›
VW aiming to tap growing demand for NEVs in China
New Age Vehicles (NEVs) automakers are being wooed by China as it tries to mitigate pollution from gas guzzling traditions vehicles. Armed with incentives and friendly regulations, Beijing has applied it 2 child policy on automakers restricting their local footprint… Read More ›
Audi sees potential for 1 diesel model in its product mix in the U.S.
Discounting fears that the sale of its diesel cars will not hit levels before the emission scandal, Audi opines that there could still be a place for a diesel model in its product mix in the United States, since after… Read More ›
SpaceX aims to provide high-speed internet access via satellite link to any location in the world
According to its filling with the FCC, SpaceX’s solution could make fibre optic, cable connection and other terrestrial means of internet access redundant. The fillings do now disclose costing and financing details. According to newly filed documents with the U.S…. Read More ›
Viacom set to acquire Argentina’s Telefonica for $345 million
The deal, subject to regulatory approval, is a strategic one for Viacom since the Argentinian pay channel has a subscription base of 26.8 million subscribers, covering 95% of Argentina. The channel has a strong following in the Americas as well…. Read More ›
Exxon negotiating with Chad over exemplary fine of $74 billion
Exxon has appealed against the ruling and is in the process of negotiating an exit package. Bloomberg has reported citing a lawyer for Exxon stating that the company is in negotiations with Chad over a record $74 billion fine imposed… Read More ›
British government lacks strategic planning for Brexit: leaked Memo
While the contents of the memo have been leaked showing a government at odds with itself vis-à-vis Brexit, it would be prudent to be on guard, since this could be part of an overall strategy to make EU negotiators feel… Read More ›
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