According to a source familiar with Brasil’s reaction to the surprise decision by U.S. President Donald Trump to restore tariffs on Brazilian steel and aluminum, the Brazilian government is in touch with the U.S. Trade Representative’s office and other agencies…. Read More ›
Regulations & Legal
Japan second biggest drugmaker Astellas Pharma to acquire Audentes Therapeutics for $3 billion
Japan’s Astellas Pharma Inc is set to acquire Audentes Therapeutics Inc for around $3 billion in a deal aimed at boosting genetic medicines – a key area of growth. Gene therapies are one of the hottest areas of drug research…. Read More ›
Measure of effectiveness of U.S. trade tariffs against China
In a development that underscores the measure of effectiveness of U.S sanctions on China’s economy, a Chinese newspaper the Global Times has reported citing sources with direct knowledge of the trade talks that Beijing’s top priority in the phase one… Read More ›
Airbus dismisses 16 employees following German investigation
According to a statement from Airbus’ spokesman, the airplane maker has dismissed 16 employees without notice following an investigation into the potential misuse of client documents. In September, prosecutors from Munich had launched an investigation after the company notified authorities… Read More ›
India to invest $1.39 trillion in infrastructure spending to boost economy: Finance Minister
In an effort to boost the Indian economy, the country’s finance minister Nirmala Sitharaman disclosed, she will unveil a series of infrastructure projects, later this month, as part of a plan to invest $1.39 trillion (100 trillion rupees) in the… Read More ›
Daimler AG to cut 10K jobs
Daimler will cut at least 10,000 jobs worldwide over the next three years, said the carmaker in a statement. The move follows job cuts by carmakers in the industry as they deepen their commitments towards electric vehicles, while grappling with… Read More ›
Daimler AG to cut 10K jobs
Daimler will cut at least 10,000 jobs worldwide over the next three years, said the carmaker in a statement. The move follows job cuts by carmakers in the industry as they deepen their commitments towards electric vehicles, while grappling with… Read More ›
New Report Says Contribution Of £20bn To UN Climate Fund Should Be Made By UK By 2030
A new research has concluded that if the United Kingdom plans to pay a “fair share” in the fight against global climate change, the country will have to pay £20bn by 2030 to the UN’s climate fund. The UK should… Read More ›
Over 72 Bln Euros In R&D In 2018 Invested By German Companies
According to an announcement made recently by a German association, in 2018, more than 72 billion euros or 79.2 billion U.S. dollars was spent for research and development purposes by German companies. According to Stifterverband, which compiled the data on… Read More ›
UK Car Production Could Be Reduced To Half Because Of Brexit
Brexit will reduce the annual 2020 car production in eth United Kingdom to about half of its planned production output made just a few years ago even as the auto production kin the country is already down significantly. According to… Read More ›