The new strategy will be unveiled in mid-June this year. According to excerpts of a speech yet to be given by Volkswagen’s CEO Matthias Mueller, Europe largest auto manufacturer is set to announce a new strategy in mid-June. Volkswagen has… Read More ›
With this move Sumner Redstone’s daughter Shari Redstone will have more sway over the remaining board members. As per two sources who are familiar with the matter at hand, Sumner Redstone, media mogul, has removed Philippe Dauman, Viacom’s CEO and… Read More ›
AB InBev set to get conditional nod from the European Commission for its acquisition of SABMiller. According to three sources who are familiar with the matter at hand, antitrust regulators from the European Union are set to conditionally approve AB… Read More ›
The proposals will are to be announced on May 25. In what could be a strategic game changer for Amazon Prime and Netflix, under a new set of proposals for the European Union, scheduled to be released sometime next week,… Read More ›
As per Kyodo News agency, Suzuki Motor Corp is suspecting to have cheated the public with the fuel economy of its vehicles. Japanese news media have reported that Suzuki Motor Corp has been suspected of using improper testing methods for… Read More ›
Although Tribune doesn’t seem to be particularly interested, increasing overheads and reduced finances could see the publishing houses come to the negotiating table. In its bid to acquire Tribune Publishing Co., Gannett Co Inc., which publishes USA Today, has raised… Read More ›
With this deal China is looking for a strategic hold on global food supplies. As per multiple sources familiar with the matter at hand, the U.S. Department of Agriculture is set to join the U.S. government panel that is in… Read More ›
The European Commission has the power to impose antitrust fines of upto 10% of a company’s annual sales, which for Google could be 6 billion euros. The Sunday Telegraph has reported that Google is facing a record 3 billion euros,… Read More ›
Despite facing criticism from “Out” campaigners, the governor of Britain’s central bank has justified stating the risks of such an outcome. Mark Carney, the governor of the Bank of England has denied that by stating the possible short-run costs of… Read More ›
Hackers are relying on the vulnerabilities in SWIFT’s messaging systems to hide their digital footprints. A second bank has been compromised due to these vulnerabilities. In the wake of Bangladesh’s central bank being hacked due to hackers exploiting vulnerabilities in… Read More ›
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