The price cut comes midst political headwinds and issues stemming from new competition and corporate governance. With Berenberg cut its price target on Telecom Italia (TIM), citing headwinds stemming from governance issues and new competition, TIM’s share prices fell more… Read More ›
HR & Organization
Toyota aiming to increase foothold in China’s EV market
Although earlier it was unthinkable for Toyota to sell electric vehicles, its current strategy tops that since it involves selling EVs that are derived from its’s Chinese partner’s vehicle which do not feature is triple-oval logo. This is the extent… Read More ›
Jeff Holden, Uber Technologies’ Chief Product Officer leaves ride services firm
Jeff Holden’s departure is the latest in a series of senior executives leading the company. A spokesman for Uber Technologies Inc stated, Jeff Holden, its Chief Product Officer will be leaving the company. The development marks the latest departure of… Read More ›
China prefers no escalation in Sino-U.S. ties during negotiations
With a bulging trade surplus with the U.S., China has potentially much to lose if the trade conflict escalates into a trade war. Furthermore, since its military might is dependent on a booming economy, its efforts at maintaining a calm… Read More ›
Xerox Corp appoints John Visentin as its CEO
Following the scrapping of the $6.1 billion deal with Fujifilm Holdings Corp, Xerox’s outgoing CEO along with 5 of its directors are being replaced with a new management team. Setting July 31 as the date for its annual shareholder’s meeting,… Read More ›
Boom times for car sales in the EU and in the European Free Trade countries
Thanks to more business days, car sales are shooting up. According to industry data published on Thursday, in April car sales in the European Union have shot up by 9.6%, led by Toyota, Hyundai and Ford Motors. As per Brussels-based… Read More ›
Cross-border derivatives contracts worth $35 trillion hangs in Brexit’s balance
ESMA and regulators across the EU are keeping a hawk eye on the mountain of cross border derivative contracts that go beyond Brexit. According to a top regulator from the European Union, the EU may not have enough time to… Read More ›
Acquisition central to Deutsche Boerse’s growth strategy: CEO Theodor Weimer
Theodor Weimer has however ruled out any mega deals. Deutsche Boerse’s new CEO, Theodor Weimer, who took office since the start of 2018, essentially told shareholders that he is on the lookout for future acquisitions and that it is one… Read More ›
Two senior executives leave Tesla
In recent times there has been a flurry of senior executives leaving Tesla. These departures come at a time when the company is looking to ramp up the production of its Model 3 sedan. Tesla Inc lost two major executives,… Read More ›
U.S. Supreme Court legalizes sports bettings
The market for legal sports betting could range between $1.2 billion and $57.6 billion of total wagers, with proceeds for gaming operators between $62 million and $2.9 billion. With the U.S. Supreme Court paving the way for U.S. states to… Read More ›