Uber has a vision that could revolutionise transportation. In early 2017, it plans on hosting a summit wherein it hopes to lay out a potential roadmap. According to Uber, the future of transportation is literally looking up: it envisages commuters… Read More ›
Regulations & Legal
General Electric in early discussion with Baker Hughes for potential acquisition
Although GE has portrayed this discussion as one related to a partnership, the Wall Street Journal has cited an anonymous source, who’s familiar with the matter at hand, saying the discussions are for a potential acquisition. Reuters has cited a… Read More ›
EU-Canada deal postponed until further notice
Although 27 EU states agreed on CETA, the South of Belgium had concerns related to agricultural imports which could result in MNCs dictating terms of public policy as well as those related to dispute settlements. Belgian politicians appear to be… Read More ›
Samsung Electronics changes QA after Galaxy Note 7 fiasco
Following Galaxy Note 7’s withdrawal from the market, Samsung Electronics is aiming to install a more rigorous scrutiny in its quality assurance process. It has also called for an extraordinary meeting to decide on issues related to the divesting of… Read More ›
Spanish rival joins Carlos Slim’s consortium to bid for $3.5billion Mexico airport terminal
Slim has already won the bid for building the airport’s runway. The wining of a further bid will consolidate his construction business and set off the losses from his telecom venture. As per 5 sources familiar with the matter at… Read More ›
Canada needs free trade deal with EU for its economic growth
With its trade deal with the U.S. under stress, the Canadian negotiation team need to up their game and bring home CETA for the good of their economy. A free trade deal with the EU will see an almost 20%… Read More ›
WPCH-TV – a key component in AT&T’s acquisition of Timer Warner
Given the equation AT&T has with the FCC, avoiding overbearing scrutiny may result in scuttling the deal. Turns out WPCH-TV could play a key role in this proposed merger. As per analysts, if AT&T were to divest its stake in… Read More ›
Chinese recalls IoT enabled products after last Friday’s DOS attack
Hangzhou Xiongmai Technology has issued a recall for only some of its products manufactured before April 2015. With security researchers having identified the devices through which hackers conducted their attack last Friday, a Chinese company, Hangzhou Xiongmai Technology Co Ltd… Read More ›
Wal-Mart invests $50 million in New Dada to tap the burgeoning Chinese online groceries market
New Dada has a joint venture with JD.com, in which Wal-Mart has a stake. Wal-Mart has realized that in order to survive and thrive in the Chinese market, local partners are key. In order to tap the world’s second largest… Read More ›
Brexit impact weighs heavily on Nissan
Nissan’s plant in northern Britain’s is the country’s largest. If it loses EU’s single market, it is likely to lose its competitive edge. As per Nissan Motor’s CEO, in November, the company will take the strategic decision as to whether… Read More ›