In a significant development, Volkswagen announced the stepping down of its Chief Executive Herbert Diess, with its chief operating officer Ralf Brandstaetter replacing him. The management reshuffle comes in the wake of squabbling between Volkswagen’s powerful labour leaders and its… Read More ›
The severe hit that the outbreak of the novel coronavirus has had o the sales of luxury cars all over the world has forced British luxury auto makers Bentley, Aston Martin and McLaren to lay off about 3,000 employees over… Read More ›
On Friday, Australia’s Qantas Airways Ltd disclosed, it will reactivate plans to order airplanes that are capable of commercial flights between Sydney and London, when it regains financial strength. “I think the business case for doing it is very strong,”… Read More ›
Analysts are witnessing a record inflow of funds from abroad being funneled into Singapore bank accounts midst growing uncertainty into Hong Kong’s status as an Asian financial center. Singapore, a fierce competitor of Hong Kong, for being Asia’s premier wealth… Read More ›
According to the results of a survey on large business associations, more than three out of four U.S. human resource executives opine that the work from home trend will continue to be in vogue even after the threat of the… Read More ›
On Wednesday, 3M Co stated, it has appointed General Electric Co’s Monish Patolawala as its chief financial officer. Patolawala will join 3M on July 1. Patolawala, 51, currently serves as GE’s healthcare unit’s CFO. He will be replacing Nick Gangestad,… Read More ›
On Wednesday, BlackRock, the world’s biggest asset manager said, oil stocks, domestic tourism and debt in India and China are investment opportunities in its Asia outlook. With $6.5 trillion of assets under management, BlackRock said, it expects the global economy… Read More ›
In a statement on Tuesday by China Steel Association, the production of iron ore at Brazil’s Vale SA has been unaffected by the coronavirus pandemic which emerged in Wuhan China and the company is sticking to its full year production… Read More ›
On Tuesday, Australia’s biggest gas pipeline operator APA Group said, it has appointed Julian Peck, a senior executive from Morgan Stanley as its head of strategy and commercial units. Peck, who earlier co-led Morgan Stanley’s Australian investment banking arm, will… Read More ›
On Tuesday, French retail giant Carrefour said, it had agreed to purchase food retailer Wellcome Taiwan from Asia’s Dairy Farm. The development will position Carrefour as the second biggest player in Taiwan’s convenience stores market. The deal with an enterprise… Read More ›
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