Here has been a sharp drop in the number of companies being fined for violation of environment norms in eth U.S. by the Environmental Protection Agency during the first year of Presidency of Donald Trump and this has resulted in… Read More ›
Regulations & Legal
L‘Oreal willing to buy Nestle’s 23% stake in its company, if it decides to sell: L‘Oreal’s CEO
Jean-Paul Agon, L‘Oreal CEO made these comments while releasing the firm’s 4th quarter results. On Friday, L‘Oreal Chief Executive stated, the French cosmetic giant is ready to purchase Nestle’s 23% stake in the firm if Nestle decides to sell it…. Read More ›
South Korea weighs its options after call for help from General Motors Korea
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 ›
Qingdao Haier Co Ltd likely to launch D-shares in Frankfurt
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 ›
Full Employment Status Conferred On Couriers Carrying Blood For NHS Of U.K.
Full employment has been won by couriers carrying emergency blood supplies for the NHS of the U.K. This perhaps the first time that such a recognition has been given to a constituent of what is defined as the gig economy…. Read More ›
BlackRock to raise $10 billion for equity investments: source
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 ›
Republican Senators introduces bill blocking U.S. government from using telecome equipment from Huawei Technologies and ZTE Corp
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 ›
French antitrust probe could materially impact Electrolux’s financial statements
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 ›
Angela Merkel’s conservatives party and the Social Democrats (SPD) hammer out coalition government: sources
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 ›
British banks should apply for EU license by end of second quarter: ECB
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 ›
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