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 ›
Entrepreneurship
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 ›
Siemens consolidates its industrial software capabilities by acquiring Mentor Graphics for $4.5 billion
Siemens expect the deal to lift its EPS within 3 years of this merger. Within 4 years of the closure of this acquisition, Siemens expects its EBIT to jump by $108 million. In a strategic move aimed at strengthening its… Read More ›
Chinese investment Group in advanced talks to buy IDG
Yet another Chinese group, whose investors have not been identified, is eyeing media assets. The deal could trigger national security concerns and is likely to face increased CFIUS scrutiny. A pioneering technology publishing company and owner of market research firm… Read More ›
Jaguar to launch its luxurious I-PACE SUV in 2018
It is expected to match if not exceed amenities provided by Tesla’s Model X. The Jaguar is after all a symbol of class. Southern California is certainly not new to tech offerings, but a battery-powered Jaguar SUV is certainly a… Read More ›
Survey by Chartered Institute of Personnel Development shows business sentiment wallowing at its 4 year low
A tough negotiating stance by the Theresa May’s government will only up the risks of a hard Brexit. If the free-movement of labour, a key concept of the EU, is disagreed upon, business sentiments will dip even further, signalling a hard… Read More ›
Transitional deal is key before the starting of Brexit talks – RBS Chairman
Although Britain’s negotiation strategy could revolve around its coveted financial centre, that however could fall flat and be a non-starter if large banks, which form the core of its financial services, were to relocate to other EU states in order… Read More ›
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