In a statement on Thursday, banknote printer De La Rue stated it has named Rob Harding as its chief financial officer. The development comes in the wake of the company appointing him as interim CFO earlier this year. Before joining… Read More ›
HR & Organization
UK government helps Rolls Royce rebuild balance sheet
In a statement Rolls-Royce said, it plans on raising $2.6 billion (2 billion pounds) from shareholders, 1 billion pounds from the bond market and secure loans to rebuild its balance sheet. The coronavirus pandemic has ravaged Rolls Royce’s finances after… Read More ›
Tokyo Stock Exchange suffers glitch in Arrowhead” trading system, trading suspended for entire day
On Thursday, the Tokyo Stock Exchange suspended trading of shares for the entire day following a glitch in its electronic trading system. The Tokyo Stock Exchange is the world’s third-biggest stock market. The outage has frustrated investor efforts to buy… Read More ›
46 Million Jobs Could Be At Risk Due Ot Collapse Of Global Air Travel, Says New Report
According to new research46 million jobs from the global aviation industry could be wiped off because of the impact of the novel coronavirus pandemic which has almost decimated the global airline market and industry. This report highlights the degree of… Read More ›
British car parts will attract EU tariffs, with or without a deal: BBC
In a report the BBC said, the UK has so far failed to persuade the EU to accept car parts from Japan and Turkey as British when they are used in Britain, thus implying that such automotive exports from Britain… Read More ›
U.S. Fund General Atlantic acquires 0.84% stake in India’s Reliance Industries Ltd for $498.31 million
On Wednesday, India’s Reliance Industries Ltd stated, U.S. Fund General Atlantic plans on investing $498.31 million (36.75 billion rupees) for a 0.84% stake in its retail arm, marking it as the latest entrant in a series of investments at the… Read More ›
Pfizer Inc acquires 9.9% stake in Shanghai-based CStone Pharmaceuticals for $200 million, eyes collaboration
On Wednesday, in a statement, CStone Pharmaceuticals stated, a unit of Pfizer Inc has agreed to acquire a 9.9% stake in it for $200 million (HK$1.55 billion). With the news reaching the market the shares of the Hong Kong-listed biopharmaceutical… Read More ›
Alex Schultz named as Facebook’s Chief Marketing Officer
In a statement Facebook Inc said, it has appointed Alex Schultz, a company veteran, as its new chief marketing officer. Schultz “runs product growth, analytics and internationalization” at Facebook Inc. A former eBay Inc employee, Schultz is set to replace… Read More ›
NextEra Energy interested in acquiring peer Duke Energy Corp
According to sources familiar with the matter at hand, NextEra Energy Inc, a power producer, has recently made a takeover approach towards its peer Duke Energy Corp. Despite Duke, which has a market value of more than $60 billion, rebuffing… Read More ›
Negotiators begin drafting EU-UK legal framework
On Tuesday, according to a report from The Times, negotiators from the European Union have signaled their willingness on creating a joint legal framework with the UK. EU’s chief negotiator Michel Barnier said, he is ready to begin work on… Read More ›
