As per a filing by Amazon to the SEC, its board is set to review nominees from diverse candidates which includes minorities. In a move that aims to promote greater diversity in its Board, Amazon.com stated women and minorities are… Read More ›
HR & Organization
Toshiba’s net profit expected to zoom on planned sale of its NAND memory business
Toshiba’s sale of its memory business hinges on getting regulatory approval from Chinese authorities by May 31, 2018. Toshiba Corp stated, it expects a 33% rise in net income thanks to proceeds from its planned $18 billion sale of… Read More ›
JPMorgan applies to set up majority-owned securities business in China
The U.S. bank is one of several foreign banks, including UBS Group AG and Nomura Holdings Inc who have applied to set up majority-owned securities businesses in China, following relaxation of rules. On Monday, JPMorgan Chase & Co stated it… Read More ›
South Korea drags U.S. to WTO for unfair import restrictions
South Korea drags U.S. to WTO for imposing steep tariffs on its exports of washing machines and solar panels. On Monday, South Korea dragged the United States to the World Trade Organization (WTO) saying the imposition of hefty tariffs by… Read More ›
Alphabet’s Waymo hires Tesla’s chief technical contact with U.S. safety investigators
The hiring is likely to boost safety issues in Waymo’s self-driving cars. Waymo, Alphabet Inc’s self-driving unit stated, it has hired Matthew Schwall. Schwall was Tesla’s main technical contact with U.S. safety investigators. Schwall now joins Waymo’s safety team led… Read More ›
Xerox ends deal with Fujifilm, settles row with Carl Icahn and Darwin Deason
Xerox found “material deviations” between the audited Fuji Xerox financial statements and unaudited statements that was provided to it earlier. In a significant development, Xerox Corp stated it was in the process of ending its planned $6.1 billion deal with… Read More ›
Germany will assist its companies to do business with Iran: German Economic Minister Peter Altmaier
European powers, including France, Germany and Britain are willing to maintain the landmark 2015 Iran nuclear accord while pushing for talks encompassing a wider format which includes Iran’s ballistic missile program and its activities in Yemen and Syria. On Friday,… Read More ›
De Beers tracked 100 high value gems through blockchain technology
This significant step will enable De Beers to rigorously clean its supply chain of conflict minerals and boost its quality assurance in asset traceability. In the first efforts of its kind, De Beers, the world’s biggest diamond producer by value… Read More ›
Akira Marumoto to replace Masamichi Kogai as Mazda Motor Corp’s CEO
Masamichi Kogai will now become Mazda Motor’s chairman. On Friday, Mazda Motor Corp stated, Masamichi Kogai, its CEO and president, would be stepping down from office. Akira Marumoto, who currently serves as the company’s vice president and overseas its operations… Read More ›
Poland chooses green energy over nuclear
Poland decision is likely to enable it to meet EU’s CO2 emission reduction targets, and improve its ties with Brussels while creating green energy jobs in the country. According to sources familiar with the matter at hand, Poland’s state-controlled PGE… Read More ›
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