The European Union has been allowed by the World Trade Organization to impose import tariffs on products from the United States worth $4 billion as a retaliatory measure to US tariffs on EU products over the WTO case of subsidies… Read More ›
Strategy
Survey Suggests Over 60 Million People In India May Have Been Infected By Covid-19
A new health survey in India has indicated that more than 63 million Indian had been infected already by Covid-19, the disease caused by the novel coronavirus. According to health authorities the actual number of infected people in India is… Read More ›
British car parts will attract EU tariffs, with or without a deal: BBC
In a report the BBC said, the UK has so far failed to persuade the EU to accept car parts from Japan and Turkey as British when they are used in Britain, thus implying that such automotive exports from Britain… Read More ›
U.S. Fund General Atlantic acquires 0.84% stake in India’s Reliance Industries Ltd for $498.31 million
On Wednesday, India’s Reliance Industries Ltd stated, U.S. Fund General Atlantic plans on investing $498.31 million (36.75 billion rupees) for a 0.84% stake in its retail arm, marking it as the latest entrant in a series of investments at the… Read More ›
Pfizer Inc acquires 9.9% stake in Shanghai-based CStone Pharmaceuticals for $200 million, eyes collaboration
On Wednesday, in a statement, CStone Pharmaceuticals stated, a unit of Pfizer Inc has agreed to acquire a 9.9% stake in it for $200 million (HK$1.55 billion). With the news reaching the market the shares of the Hong Kong-listed biopharmaceutical… Read More ›
Alex Schultz named as Facebook’s Chief Marketing Officer
In a statement Facebook Inc said, it has appointed Alex Schultz, a company veteran, as its new chief marketing officer. Schultz “runs product growth, analytics and internationalization” at Facebook Inc. A former eBay Inc employee, Schultz is set to replace… Read More ›
NextEra Energy interested in acquiring peer Duke Energy Corp
According to sources familiar with the matter at hand, NextEra Energy Inc, a power producer, has recently made a takeover approach towards its peer Duke Energy Corp. Despite Duke, which has a market value of more than $60 billion, rebuffing… Read More ›
Questions Over Nvidia’s Commitment To A.I. Lab Raised In Cambridge
United States chip maker Nvidia’s commitment build a new artificial intelligence (AI) lab in the city was questioned by technologists at the heart of the technology scene in Cambridge which is one of the academic powerhouses of Britain. Some have… Read More ›
Google Is Not Playing Fair Despite Record EU Antitrust Fine, Says Smaller Rivals
Smaller competitors of Google have alleged that despite being imposed a record antitrust fine from the European Union, anti-competitive practices in the mobile search market is still being conducted by the United States based tech giant. Thee rivals have claimed… Read More ›
Inequality Will Be Widened By Covidd-19 Without Global Action, Says IMF Chief
If government and other authorities do not take immediate steps to prevent the novel coronavirus pandemic from widening the gap between rich and poor countries, there will be a lost generation, said the head of the International Monetary Fund in… Read More ›
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