VW could place Neumann at the helm of Audi. As per a source familiar with the matter at hand, following a media report that Opel’s CEO will quit his job, Volkswagen may possibly hire him to lead its Audi brand…. Read More ›
Regulations & Legal
The fate of Travis Kalanick, Uber’s CEO, hangs in the balance as Uber’s board considers key policy changes
Kalanick could do with a vacation. As per a source familiar with the matter at hand, on Sunday Uber Technologies’ board discussed the temporary stepping away of Travis Kalanick, its Chief Executive, as the embattled ride-hailing company considers significant… Read More ›
U.S. Labour Department rescinds “persuader rule” on union campaigns
The rule had come under attack from corporate trade groups and in contrast was championed by unions. On Thursday, in a major step, the U.S. Labour Department has rescinded a rule that require corporate employers and their lawyers to provide… Read More ›
Sterling takes a beating as exit polls predict a hung assembly
Much like the June 23 referendum, the British elections could yield some rather unexpected results. With the British elections appearing not to provide a single party a clear majority, investors who had already weathered major risks in Europe and in… Read More ›
Michelle Lee resigns from the U.S. Patent & Trademark Office
She had made significant inroads in reducing abusive litigations by “patent trolls”. On Tuesday, a spokesman from the U.S. Patent and Trademark Office stated that its Director, Michelle Lee, who won lavish praise from tech companies for taking steps to… Read More ›
Ashcroft model predicts a win by the Conservative Party by 64 seats
The model is contingent on the turnaround of select groups of voters on election day. As per a model created by businessman and former Conservative Party donor Michael Ashcroft, British Prime Minister Theresa May could potentially win a 64-seat majority… Read More ›
Futures Industry Association warns of heightened costs for relocating euro clearing post Brexit
The FIA has called for market forces to determine the location of the euro clearing from its current London location. The Futures Industry Association, (FIA) an industry body, underlined the fact that forcing banks to shift the clearing of euro… Read More ›
Trump Administration plans on privatising air traffic control system
The move aims to upgrade America’s ageing air traffic control systems which date back to world war two. However, the issue is not as simple as it appears …
Theresa May’s Conservative Party plans on taking out Britain out of EU’s single market bloc
May plans on creating a ministry for trade tasked with the sole purpose of boosting bilateral trade relations with “old friends and new allies”. On Monday, Theresa May’s Conservative Party has presented its post-Brexit scenario of setting up a network… Read More ›
Toshiba considering giving Broadcom Ltd exclusive negotiating rights for its chip business
Broadcom is likely to emerge as the winner in the bidding war for Toshiba’s chip manufacturing unit. Japan’s Asahi newspaper has reported that Toshiba Corp is considering giving U.S. chip manufacturer Broadcom Ltd exclusive rights to negotiate its prized chip… Read More ›
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