PG&E is facing crushing liabilities following deadly wildfires in 2017 and 2018 which killed dozens of people and destroyed thousands of homes. In a development that resolves a months long battle with activist shareholder BlueMountain Capital Management LLC, California utility… Read More ›
Renault will have to assuage Nissan’s hurt feelings before it moves ahead with capitalizing on synergies within the alliance. As per a report from Japan;s Nikkei, Nissan Motor Co Ltd will reject a proposal from its French partner Renault SA… Read More ›
The development will alleviate short term liquidity problems for the airlines. Long term issues however will need to be dealt with. Asiana has taken on considerable debt. On Tuesday, South Korea’s finance minister Hong Nam-ki stated, South Korean creditors plan… Read More ›
The annual review report by the real estate data company Altus Group has revealed that last year, more than 900 pubs disappeared from Britain because of increase in business rates and intense cost pressures. According to the report, a total… Read More ›
The rollout of 5G in many countries along with newer upgraded models of smartphones could spur exports orders for the island nation. On Monday, data from Taiwan’s Ministry of Economic Affairs showed, its export orders fell for the fifth straight… Read More ›
The shortfall in the global oil pool as a result of this potential fall in supply from Iran, is likely to be met by increased production from Saudi Arabia. On Monday, oil prices surged to $74 a barrel, their highest… Read More ›
Despite the hit, Mitsubishi UFJ Financial Group Inc (MUFG) has continued to forecast a net profit. On Monday, As per a report from the Nikkei, Japan’s MUFG is set to book a charge of around $893.34 million (100 billion yen)… Read More ›
How will Theresa May keep EU-member Ireland’s border with Northern Ireland open after Brexit without any physical infrastructure on the border between Northern Ireland and Ireland? This question is proving to be the most excruciating issue in Britain’s sour grapes… Read More ›
The transatlantic trade dispute between the United States and the European Union – started primarily because of the allegations of European subsidies to Airbus, took a new and surprising turn after the Brussels decided has reportedly decided to impose import… Read More ›
The largest social media platform of the world Facebook has admitted that email contacts of more than 1.5 million users had been “unintentionally” uploaded by it without the permission from the users. The company said that a system used to… Read More ›
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