Having suspended the sentence, the Italian court has set July 24 as the next date of the hearing wherein it will pronounce the reasons for its judgment. In a significant development, an Italian court has suspended the $88 million (74.3… Read More ›
HR & Organization
House of Fraser to shutdown; 6000 jobs at risk
British departmental stores, House of Fraser, having 56 stores and 2 outlets across the U.K., has proposed the closure of 31 of its stores as part of a restructuring plan. On Thursday, Britain’s House of Fraser said it has proposed… Read More ›
Facebook admits to sharing users data with its Chinese partners
Weeks after the Cambridge Analytica fiasco, Facebook has admitted to sharing users’s data, with its Chinese partners. Following Facebook Inc’s disclosure that it had shared data with its Chinese partners, which includes Huawei, the social media giant has come under… Read More ›
ZTE has signed documents to lift U.S. 7-year ban: sources
The preliminary agreement which ZTE has purportedly signed is likely to face significant headwinds in the U.S. Congress since the Chinese firm has been labeled as a threat to U.S. national security. Overcoming that is likely to be a Himalayan… Read More ›
Britain aims to make Financial services a national priority post Brexit
Its very likely that the European Union will place Britain in the same category that it places the U.S. and Singapore: restricted market access to the Eurozone. On Tuesday, John Glen, Britain’s Economic Secretary to the Treasury, stated, financial services… Read More ›
Germany’s exports of robotics and automation slated to slowdown due to lower demand from China
Fears of trade wars and with lower demand from China are some of the significant variables in the cooling of Germany’s exports of industrial automation and robotics. On Tuesday, Germany’s VDMA, a mechanical engineering association stated, sales of automation equipment… Read More ›
Mexico likely to impose 20% import duty on U.S. pork legs
Mexico can fallback on the EU to source its pork or it could also get them from Canada. In 2017, Mexico imported 840,000 tonnes of pork. On Tuesday, according to two sources with direct knowledge of the matter at hand,… Read More ›
CYBG’s acquisition of Virgin Money has significant cost synergies
With both Boards of the companies agreeing to the cost synergies in the potential deal, this is likely to be a no-brainer. On Monday, the board of CYBG, a lender, and that of British bank Virgin Money stated the former’s… Read More ›
Rising fuel costs threatening global airlines profit outlook: IATA
Rising fuel costs and geopolitical tensions along with a host of other factors are adding to the risks of the airlines industry, despite a stronger global economy pushing up passenger yields. On Monday, airline operators across the globe have slashed… Read More ›
U.S. economy chugging along smoothly despite risks of trade wars
Emerging economic data of the U.S economy has so far managed to keep trade wars and related fears at bay. All eyes are now on the outcome of the G7 meeting in Quebec and that of the Federal Reserve, scheduled… Read More ›
