There is a threat of a slowdown in the global economy as well as warning signals of a downturn that has rattled financial markets because of the trade war between the United States and China. While there is no immediate… Read More ›
Regulations & Legal
Reports Suggest The Rich Spending Less Which Can Be A Signal For Recession In US
The fears of a trickle down recessionary effect with it beginning at the top of the spending tree were stoked after reports emerged that the spending is being cut by the rich on everything from homes to jewelry. According to… Read More ›
Japan to increase scrutiny on foreign ownership of Japanese firms
Japan is taking steps to improve the monitoring of the ownership of its companies in industries which it considers as critical to its national security. According to two officials with knowledge of the matter at hand, Japanese officials are considering… Read More ›
Boeing wins $500 million U.S. defense contract
Boeing has won a defense contract pertaining to Qatar’s air force. According to a statement from the Pentagon, Boeing Co has won a $500 million contract for providing an aircrew for F-15QA fighter jet as well as for a maintenance… Read More ›
Charges Of Theft Of Trade Secrets From Google Slapped Against Ex Uber Self-Driving Car Executive
Federal prosecutors of the United States charged 33 counts of theft and attempted theft of trade secrets from the company that he worked for – Google, against Anthony Levandowski, the former Uber executive who was in-charge of the self-driving unit… Read More ›
BP Sells All Its Assets In Alaska For $5bn, To Pull Out Completely From The Region
Following its decision to sell off its entire remaining business in Alaska to a private oil and gas firm, British Petroleum no longer will have any oil and gas operations in this North American region. All of the assets and… Read More ›
Restrictions On Sending Money Abroad Imposed In Greece During The Debt Crisis To Be Removed
The strict restrictions on depositors of Greece that were imposed when the debt crisis in the country was at its height four years ago are set to be lifted off. This change in monetary policy being planned to be implemented… Read More ›
No Signs Of Looming Recession Seen By Starbucks, Says Its CEO
The current business at Starbucks does not agree with the currently prevalent sentiments and fears of the recession, said the company CEO Kevin Johnson in a television interview. He said that the investments that the company had made in its… Read More ›
Rob Lynch to head Papa John’s International Inc
Rob Lynch will become the CEO of the Pizza chain effective from today. According to a report from Bloomberg, Papa John’s International Inc is set to appoint Rob Lynch, president of Arby’s Restaurant Group Inc, as its new chief executive… Read More ›
Russia’s Rostec agreeable to out-of-court-settlement for non-delivery of Boeing 737 MAX jets
Avia Capital Service is now demanding that Boeing return the deposit amount along with interest which totals to $75 million in “lost profit” and around $115 million in compensatory damages, plus “several times the amount” in punitive damages. On Tuesday,… Read More ›
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