In a statement, U.S. auto parts maker Garrett Motion Inc said, it has filed for Chapter 11 bankruptcy protection, as its struggles with its heavy debt due to a payment settlement dispute with its former parent Honeywell International Inc. In… Read More ›
On Monday, shares of Standard Chartered’s and HSBC in Hong Kong fell vertically following media reports that the two banks along with other banks transferred large sums of allegedly illicit funds for nearly two decades despite the transfers being red… Read More ›
According to reports citing two documents of the European Union, new rules within four years are being planned to be introduced in the single currency market that will allow making of cross-border payments quicker and cheaper by the use of… Read More ›
In a statement, Ford Motor Co said, it has commenced production of its new F-150 pickup truck at its Dearborn, Michigan, facility. It expects the F-150 to go on sale this November. The new F-150 launch is “on time and… Read More ›
According to court documents, electric carmaker Tesla Inc has won its case against a former employee, who was fired for hacking and transferring company data to third parties. In 2018, Tesla had filed a lawsuit against Martin Tripp, a former… Read More ›
Going by an analysis of a model created by the European Commission, carbon costs for Europe’s businesses is likely to double this decade under EU plans to deliver steep emissions cuts by 2030. On Thursday, the European Commission laid out… Read More ›
According to a research report, investment flows between the United States and China touched its nine-year nadir during the first half of 2020 due to increasing Chinese belligerence-induced tensions which could see more Chinese companies come under U.S. pressure to… Read More ›
After being shut down for about a year, the iconic travel operator Thomas Cook is back but with a different business model. On Wednesday, the British tour operator re-launched as an online-only venture. One year ago, the company collapsed and… Read More ›
With increasing bilateral tensions between the United States and China, the biggest tech companies from China are expanding their operations in Singapore. It has been reported that their presence in the city state is being increased by Tencent and… Read More ›
In a significant development, the World Trade Organization found that U.S. trade tariffs on China were in breach of global trading rules. In a statement, the Trump administration said, its more than $200 billion trade tariffs on China was justified… Read More ›
manageria.biz 