The bulk of proceeds stem from the Embraer SA’s recent deal with Boeing, wherein the latter took a 80% stake in the commercial aircraft business of Embraer. The move is expected to reshape the global passenger aircraft industry. As per… Read More ›
Strategy
American Retailers On A Buying Spree Because Of US Trade War With China
There is hardly any free space left in American warehouses as traders and retailers are filling them up with Chinese products of all kinds – microwaves, vacuum cleaner filters, swimwear, furniture, said Amy Magnus, head of the National Customs Brokers… Read More ›
Volvo Prepares For No-Deal Brexit, Stockpiles Products In UK
Sweden’s truck making firm AB Volvo is creating safety stock” with its British dealers and is contemplating alternatives to ship its vehicles to the UK to that there is minimum disruption for its products to reach the market as the… Read More ›
European Union launches forced technology transfer case against China
The WTO action by the EU, mirrors similar concerns raised by the United States. This is the second such action the European Commission has taken against China at the WTO. On Thursday, for the second time this year, the European… Read More ›
Swiss pharmaceutical giant Novartis appoints Susanne Schaffert to lead its oncology business
Susanne Schaffert will be replacing Liz Barrett who will return to the U.S. to head a U.S. biotech firm. Swiss pharmaceutical giant Novartis has stated, it has appointed Susanne Schaffert, a veteran, as the head of its oncology business. She… Read More ›
Germany tightens foreign investment rules eyeing China
Earlier this month, European Union states have agreed to coordinate scrutiny of foreign investments in Europe, notably from China. In a significant development, Germany has agreed to adopt new business rules that lowers the threshold for screening for mergers and… Read More ›
Saudia Arabia has begun working on 200GW solar project: Energy Minister Khalid al-Falih
The Kingdom Public Investment Fund along with Japan’s SoftBank have already begun installing the utility-scale 200GW of solar power in the country. Saudi Arabia’s energy minister Khalid al-Falih stated at a post-budget event that the Kingdom has started implementing an… Read More ›
New Research Warns A Cashless Society Would Put Millions At Risk
According to a new report, millions of people could be in danger of being affected by the risks of shifting towards a completely cashless world. While large tech companies such as Apple believes that in the near future, there would… Read More ›
UK Court Dismisses Uber’s Appeal On Employment Rights Of Its Drivers
Judges in the United Kingdom struck down an appeal by the ride hailing company Uber against a historic ruling by the employment tribunal of the country which mandated that the drivers of Uber would have to be recognised as workers… Read More ›
Elon Musk’s The Boring Company unveils proof-of-concept tunnel
The tunnel has been excavated along a path that runs beneath the municipality of Hawthorne, where The Boring Company is headquartered. In a significant development, Elon Musk’s The Boring Company, has unveiling its first tunnel, a proof-of-concept 2-mile (3.2 km)… Read More ›
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