In a statement, BNSF Railway, one of the biggest railroad operators in Northern America, said it has appointed Kathryn Farmer as its CEO. She will be replacing Carl Ice, who has been at the company’s helm since 2013. Incidentally, BNSF… Read More ›
HR & Organization
China launches anti-subsidy probe into U.S. import of glycol ethers
On Monday, in a development that will further escalate U.S.-China tensions, China’s commerce ministry stated, it has launched an anti-subsidy probe into some glycol ethers imports from the U.S. starting from September 14. The development comes in the wake of… Read More ›
Private equity firm Carlyle Group to invest $2 billion in India’s Reliance Industries’ retail business
On Monday, Mint, a financial daily has reported citing sources aware of the development, that the Carlyle Group is eyeing to invest up to $2 billion in India’s Reliance Industries’ retail business. If the deal goes through, Carlyle’s investment would… Read More ›
Jane Fraser named as Citigroup’s CEO
In a significant development, Citigroup Inc has named Jane Fraser, the head of its consumer banking division, as its next CEO, marking her as the first woman to break the glass ceiling to lead a major Wall Street bank. With… Read More ›
Acquisition of GNC by Chinese company should undergo CIFUS review: Senator, Marco Rubio
In a significant development, U.S. Senator Marco Rubio has asked for a national security review of General Nutrition Centers plans to sell itself to Harbin Pharmaceutical Group Co Ltd. Rubio made the request in a letter to Treasury Secretary Steven… Read More ›
Japan-Uk to negotiate bilateral trade deal today
On Friday, Japan’s Foreign Minister Toshimitsu Motegi stated, he plans on holding talks with British trade minister Liz Truss later today to discuss a post-Brexit bilateral trade deal in the hope to reach a broad agreement. “I will hold talks… Read More ›
UPS to hire 100,000 seasonal workers for extended holiday shopping season
In efforts aimed at supporting a delivery network that is increasingly being taxed by the COVID-19 induced fueled online shopping, United Parcel Service Inc said, it will be hiring 100,000 workers for the winter holiday shopping season. UPS, the world’s… Read More ›
Climate change poses a systemic risk to financial markets: U.S. Commodity Futures Trading Commission
In a significant development, a landmark report commissioned by the U.S. Commodity Futures Trading Commission, clearly states that climate change poses a “slow motion” systemic threat to the stability of the U.S. financial system, requiring urgent action from financial regulators,… Read More ›
Silver Lake Partners to invest $1 billion in India’s Reliance Industries Ltd
On Wednesday, in a statement India’s Reliance Industries Ltd said, U.S. private equity firm Silver Lake Partners will invest $1.02 billion in its retail business. The development sets the stage for a three-way battle between a battle Reliance, Amazon.com Inc… Read More ›
Boris Johnson’s government plans to sacrifice the future of the union by stealing powers from devolved administrations: Wales’ counsel general
In a statement, Jeremy Miles, Wales’ counsel general and minister for European transition stated, according to the British government’s internal market bill, which incidentally breaks international law over Brexit, Boris Johnson’s government is likely to sacrifice the union of the… Read More ›
