The prosecutors said the current top management of Audi are not seen as suspects in the case. On Thursday, German prosecutors stated they were in the process of searching the homes of 3 new suspects connected with Audi’s emissions scandal…. Read More ›
Regulations & Legal
Federal administrative court in Leipzig to decide on 15 million diesel vehicles in Germany
Environmental groups say particulate matters in diesel emissions in the majority of German cities exceed the EU threshold. On Thursday, Germany’s highest administrative court in Leipzig is set to decide on the fate of the 15 million diesel vehicles that… Read More ›
Bridgewater Associates’ Ray Dalio sees 70% chance of U.S. recession before 2020
Here are the views of billionaire investor Ray Dalio on the state of the U.S. economy and the market. Ray Dalio, the billionaire investor who founded Bridgewater Associates, the world’s largest hedge fund, opined that it is highly likely that… Read More ›
New Software Technology To Prevent Criminal Use Of Drones Being Tested By Vodafone
A technology is being tested by Vodafone that would be enable authorities to conduct tracking and controlling of drones so that they are able to prevent aircraft accidents from happening and prevent terrorist attacks on them and prevent incursions into… Read More ›
General Motors proposes debt for equity swap to continue to operate its plants in South Korea
It is yet to be determined how the proposal will impact Korea Development Bank, a state run bank, which holds a 17% stake in GM Korea. According to 4 sources with direct knowledge of the matter, General Motors has offered… Read More ›
British manufacturers need urgent clarity as to what Brexit means for them: Judith Hackett, chairman of EEF
The chaos of Brexit could be dampened if Theresa May’s government provides ample clarity as to how it will impact British manufacturing, its financial sector and its economy as a whole; sectors across industries have been demanding that the government… Read More ›
More than 900 KFC stores shut due to shortage of chicken
The issue in KFC’s supply chain occurred when it switched its delivery contract to DHL U.S. fast food restaurant chain, Kentucky Fried Chicken (KFC) stated it has been forced for close hundreds of its stores in Britain due to shortage… Read More ›
A $1.8-Billion Bank Fraud Allegedly Conducted In India By A Billionaire Celebrity Jeweler
Nirav Modi, a billionaire celebrity jeweler, whose creations adorns the necks and wrists of Hollywood stars necks and wrists of Hollywood stars, is allegedly behind one of the largest money laundering cases in India ever according to Indian investigators. It… Read More ›
Tencent Holdings Ltd and Alibaba Group Holding Ltd jostle for dominance in China’s $13 trillion mobile payment market
China’s online and brick-and-mortar retailers world are being forced to take sides as both giants battle it out for dominance over China’s $13 trillion mobile payment market. Chinese tech giants, Tencent Holdings Ltd and Alibaba Group Holding Ltd are forcing… Read More ›
U.S., India, Japan and Australia revive four-way talks to deepen security and economic cooperation in the region
The move, an alternative to China’s Belt and Road Initiative, is on the agenda on Australian Prime Minister Malcolm Turnbull’s visit this week to the U.S. where he will meet U.S. President Donald Trump and discuss a range of issues,… Read More ›