The contract revolves around the sale of a Global Hawk to Japan. As per a statement from the Pentagon, Northrop Grumman Corp has been awarded a $490 million U.S. defense contract for the sale of a Global Hawk unmanned surveillance… Read More ›
Regulations & Legal
Carlos Ghosn, Chairman of Nissan Motor Co, arrested
Carlos Ghosn is suspected to have under reported his income in his tax filings. Carlos Ghosn, Chairman of Nissan Motor Co Ltd has been arrested by prosecutors from Tokyo for alleged violation of Japan’s financial instruments and exchange act. As… Read More ›
Theresa May rallies business houses to support her draft Brexit deal
May’s deal focusses on a key issue, the immigration system, which was a significant factor in the Brexit referendum. Facing dissenters from within her own party, British Prime Minister Theresa May has scrambled to win support from business leaders for… Read More ›
Production Orders Cut By Apple For Its Latest iPhones: WSJ
A news report published in The Wall Street Journal claims that orders for the newest of the iPhones is being curtained by Apple Inc. The report cited sources who claimed that this was because of weaker than expected demand for… Read More ›
Nissan Chairman Carlos Ghosn To Be Ousted On Charges Of Falsification Of Compensation
Following allegations of some serious offences and misconduct which had violated Japanese financial trading law, Japanese car maker Nissan is set to ouster its Chairman Carlos Ghosn from his position as the chairman of the company after being recommended by… Read More ›
Mark Zuckerberg Pressurised To Step Down By Facebook Investors: Report
There has been an increase of pressure on the Facebook CEO Mark Zukerberg to resign from his position by its investors following a news report published in the New York Times where it has been alleged that the largest social… Read More ›
Saudi Arabia Oil Shipment To US Being Lowered To Increase Price
In a move that apparently tallies with the unannounced decision to cut down on shipment of crude to shore up global oil prices, shipments of oil to the United States are being slashed by Saudi Arabia. Representatives of the oil… Read More ›
Headwinds Could Hit US Economy Next Year, Cautions The US Fed
The US Federal Reserve Chairman Jerome Powell said that the central bank needs to think about the speed at which interest rates are to be raised because of some potential headwinds that are on the way to hit the US… Read More ›
Global trade facing heightened risks from new cold war: French finance minister Bruno Le Maire
One of the ways out of this pickle is to reform the World Trade Organization, opined French finance minister Bruno Le Maire. On Friday, French Finance Minister Bruno Le Maire stated, the world is facing a cold war over trade…. Read More ›
Rolls Royce continuing with Brexit contingency plans: CEO Warren East
Rolls Royce is focusing its efforts to continue doing business irrespective of the manner Britain departs the EU. On Friday, Britain’s airplane engine maker Rolls-Royce stated, it was continuing with its contingency plans vis-a-vis Brexit. The development comes midst growing… Read More ›
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