According to a warning issued by the head of Britain’s biggest business lobby group, UK companies could go bust and there could be significant job losses throughout the country because of the planned crackdown on immigration after Brexit as being planned… Read More ›
Strategy
Nissan comes across more instances of improper checking during final inspections
In July 2018 during sample test checking, Nissan found various instances wherein fuel economy and emission testing did not match those set by Japan for domestic standard. A recall of the affected cars is likely. On Thursday, Japanese daily Nikkei… Read More ›
Federal Court of Australia imposes $145,000 fine on Murray Goulburn Co-operative
The court concluded that the Co-operative had misrepresented milk prices to milk suppliers causing them a loss. On Thursday, Australia’s competition regulator stated, the Federal Court of Australia has imposed penalties of $145,000 (A$200,000) against Gary Helou, a former managing… Read More ›
Huawei’s Meng Wanzhou, founder’s daughter and CFO, arrested in Canada
The arrest and the subsequent extradition to the United States is one of several headwinds facing Huawei. Countries across the world are taking steps to bar the usage of Huawei’s equipment from their core existing and future mobile operations. In… Read More ›
No-Deal Brexit Fears Raises Demand For Food Warehouse Space Resulting In Shortage
The rush to stockpile products because of growing concerns over a possible no-deal Brexit among retailers and manufacturers in the UK is causing a shortage of food warehousing space. According to media reports quoting industry representatives, there is virtually no… Read More ›
China Confident About A Trade Agreement With The U.S.
China is confident that it would be able to come to an agreement with the United States on trade, said the second largest economy in the world on Wednesday. This was a sentiment similar to what US president Donald Trump… Read More ›
Japan’s Takada to acquire London-listed Shire for $59 billion
Following the takeover Takada will join the ranks of the world’s top 10 drugmakers and will gain expertise in rare diseases, at the cost of a mountain-load of debt. On Wednesday, shareholders of Takeda Pharmaceutical approved the $59 billion takeover… Read More ›
NZ’s Prime Minister Jacinda Ardern announces creation of NZ$100 million green investment fund
The fund targets manufacturing, electric vehicles, farming practices, and energy-efficient commercial buildings. On Wednesday, New Zealand’s Prime Minister Jacinda Ardern announced the creation of a $69.28 million (NZ$100 million) green investment fund that is aimed at boosting private-sector participation so… Read More ›
AIG names Mark Lyons as its Chief Financial Officer
Mark Lyons replaces Sid Sankaran who joined AIG in 2010. Sankaran will remain at AIG as an adviser through the year-end reporting process for fiscal year 2018. The American International Group Inc (AIG) stated, Mark Lyons will replace Sid Sankaran… Read More ›
China Development Bank Financial Leasing Co to finance purchase of 8 Airbus aircraft
China Development Bank Financial Leasing Co is the leasing arm of China Development Bank (CDB), HNA’s largest creditor. In a corporate filing, China Development Bank Financial Leasing Co, the aviation leasing arm of China Development Bank stated, it will finance… Read More ›