The Trump Administration is pursuing the sale despite Bahrain’s human rights records. The Trump Administration has notified the U.S. Congress that it plans on pursuing the $5 billion sale of 19 Lockheed Martin F-16 fighter aircrafts to Bahrain along with… Read More ›
Regulations & Legal
Pentagon likely to award Lockheed Martin helicopter manufacturing contract worth $27 billion
The production of the CH-53K King Stallion helicopters will be carried out by Sikorsky, the company it acquired from United Technologies Corp. This is a major milestone for the company. An official from the U.S. Department of Defence has stated,… Read More ›
Britain to hand over Brexit letter today to EU’s council President Donald Tusk
Britain is set to trigger Brexit proceedings later today. Britain has formally begun the process of negotiating Britain’s exit from the European Union with British Prime Minister Theresa May handing over a signed letter to European Council President Donald Tusk… Read More ›
Didi Chuxing ploughs in $6 billion into its ride-hailing business
Although Didi has got big names backing it, in China, Didi it is increasingly facing regulatory issues. Bloomberg has reported citing people familiar with the matter at hand, Didi Chuxing, a Chinese ride-hailing firm, is weighing its options to invest $6… Read More ›
Elon Musk’s Neuralink could interface your brain to a computer
Registered as a medical research company, Neuralink is currently hiring academics who are experts in this field. The Wall Street Journal has reported citing sources familiar with the matter at hand, that Elon Musk, Tesla’s and SpaceX’s co-founder has launched… Read More ›
Qatar could play a supporting role for Britain after Brexit
Qatar along with other gulf states is aiming to enter into a free-trade agreement with Britain. Just a day before British Prime Minister Theresa May triggers Brexit negotiations with the EU, Qatar has pledged $6.3 billion (5 billion pounds) for… Read More ›
Uber discontinues the usage of self-driving cars in its fleet after accident
Uber is withdrawing from the driverless car project, pending the results of an investigation into the accident. Uber is playing it safe. With one of Uber’s autonomous vehicle crashing on a roadway in Arizona, the ride-hailing company has suspended its… Read More ›
British manufacturers to brunt of a hard Brexit
The British manufacturing industry along with its financial and banking sector is likely to bear the brunt of a hard Brexit strategy. Today, British manufacturers have told Prime Minister Theresa May, it would be prudent to drop the threat of… Read More ›
Amazon wins $1.5 billion tax case with IRS, negatively skews its domestic and European tax profile
With the judgement of the case being delivered less than a week before the end of the coming financial year, its tax profiles could be significantly affected. In a significant win for Amazon.com Inc, the world’s biggest online retailer has… Read More ›
ZTE pleads guilty to violating U.S. sanctions
The Chinese company had made elaborate plans to hide its illegal activities. Only after the U.S. Department of Commerce threatened to cut off its global supply chain having presented ZTE evidence of its illegal activities did the company agree to… Read More ›