Another giant oil project, Kazakhstan’s Kashagan is set to go operational in the 4th quarter of this year. Does this mean oil prices are set to move north? In a move aimed at boosting the local economy, Kazakhstan along with… Read More ›
Entrepreneurship
AC Milan to be Sold to Chinese Investors by Berlusconi
After long-time owner Silvio Berlusconi said he had sold the club, AC Milan are set to be the latest top-tier European football team to move into Chinese ownership. After receiving assurances from the buyers that they would invest significantly to return… Read More ›
Samsung’s Galaxy S7 helps it get back on profitability track
Although it had been squeezed by Apple and Chinese budget phone manufacturers, in the beginning of this year, it outmanoeuvred both and emerged on top. Propelled by a surge in the sale of mobile phones, especially its flagship Galaxy S7, Samsung electronics… Read More ›
Scope acquires Feri Eurorating
The acquisition will boost EU’s position in market dominated by 3 US Market rating agencies. In a strategic development, two rating agencies in Germany who have a combined market share of less than 3%, are merging so as to increase… Read More ›
Disney values MLB Advanced Media at $3.5 billion, set to buy 33% stake in it
MLB Advanced Media is the video arm of Major League Basketball. Bloomberg has reported citing a source who is familiar with the matter at hand that Walt Disney Co. is set to buy a 33% stake in MLB Advanced Media,… Read More ›
IKEA recalls chests and drawers following infant deaths
Customers can either get a refund or benefit from a free wall-anchoring kit. According to the U.S. Consumer Product Safety Commission (CPSC), IKEA has recalled almost 36 million dressers and chests in Canada and in the United States since they… Read More ›
Lyft hires Qatalyst Partners
Is Lyft getting ready for another funding round? The Wall Street Journal has reported citing sources familiar with the matter at hand that Lyft, a ride sharing service, has hired Qatalyst Partners, an investment bank. According to the WSJ, Frank… Read More ›
Will VW bite the bullet and claim damages from top past and current executives?
Internal investigations have yet to assign responsibility for the diesel emission scandal that has plagued Europe’s top car manufacturer. Hans Dieter Poetsch, Volkswagen’s chairman has stated that the company’s supervisory board is looking at the possibility of claiming damages from… Read More ›
Porsche backs VW’s former management at its AGM
Porsche SE has 52% voting rights in VW. VW‘s internal investigation committee has yet to point any accusatory finger at former VW’s supervisory board members or at its senior management. Volkswagen’s controlling stakeholder, Porsche Automobil Holding SE, will endorse VW’s… Read More ›
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