The deal represents a breakthrough for Walt Disney in its efforts to enter China. On Monday, Alibaba Group Holding Ltd stated its entertainment business has signed a licensing agreement with Walt Disney Co to provide Disney’s collection of animation on… Read More ›
Detroit based carmaker is facing strong headwinds in South Korea. Persistent remours have fueled talks of a pullout. On Friday, South Korea’s finance minister stated the country is weighing several options vis-a-vis General Motors Co’s operations in the country following… Read More ›
Through the launch of these D-shares at the infant Frankfurt-based China Europe International Exchange (CEINEX), Chinese companies are expanding their foothold in Europe and flanking the U.S., where the Trump Administration, increasingly aware of China’s designs, is taking steps to… Read More ›
The move will place it in direct competition with Berkshire Hathaway Inc and Blackstone Group. As per a source familiar with the matter at hand, BlackRock Inc, the world’s largest asset manager, plans on raising around $10 billion as part… Read More ›
While both companies have invested in a U.S. plant, in the short run expect an increase in washing machines by 5% to 10%. With the Trump Administration slapping hefty import tariffs on large residential washers, on Thursday, LG Electronics Inc… Read More ›
This development aims to provide a systemic protection to U.S. infrastructure and businesses that may have been so far vulnerable to sniffing by adversaries. Pregnant with geo-economic and geo-political implications the move underscores a growing awareness within the U.S. establishment… Read More ›
In the multi-year investigation, anitrust authorities in France have alleged that Electrolux along with other large white goods home appliance makers have collaborated to fix prices of their appliances. On Wednesday, Electrolux stated antitrust authorities in France are set to… Read More ›
The development brings closure to the 4 month long political uncertainty which has weakened Germany’s economy and its role in international affairs. On Wednesday, a source involved in the negotiations between German Chancellor Angela Merkel’s conservatives party and the Social… Read More ›
The statement by Sabine Lautenschlaeger, a board member of the ECB, brings more clarity on the outlook of British financial institutions vis-a-vis Brexit. On Wednesday, Sabine Lautenschlaeger, a board member of the European Central Bank made it lucidly clear to… Read More ›
Alphabet’s Access is seeing a high turnover in human resources: Jain’s appointment as CEO is the third in less than two years. The unit has also laid employees since 2016. On Wednesday, Alphabet Inc named Dinesh Jain, a former chief… Read More ›
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