More than 50 stores of the famous but UK based department store Debenhams are to be shut down across the UK which is likely to also result in a total of 5000 job losses. This number of stores is almost… Read More ›
Strategy
US-China Trade War Pushing Close US Allies In Asia To Force Ties With India
There is a growing tendency among the most developed countries of Asia to decrease their dependency on China and look to India as an alternative in the wake of the trade war between the United States and China. The trade… Read More ›
New York sues Exxon Mobil Corp for misleading investors on the risks posed by climate change
Cities across the U.S. as well as countries are suing oil companies for misleading investors for years on the risks posed by climate change on their businesses. The state of New York has sued Exxon Mobil Corp alleging that it… Read More ›
Sikorsky Aircraft Corp wins $717 million contract from the Pentagon
Sikorsky Aircraft Corp, a unit of Lockheed Martin Corp, will have to provide repair support and logistics for CH-53 and MH-53 helicopters. The Pentagon has awarded Sikorsky Aircraft Corp, a unit of Lockheed Martin Corp, a $717 million defense contract… Read More ›
Honeywell International Inc wins $1.04 billion contract from Pentagon
The contract is for providing support and components for a range of auxiliary power units for 7 kinds of aircraft. As per a statement by the Pentagon, Honeywell International Inc has won a $1.04 billion contract for support of auxiliary… Read More ›
Deutsche Bank to place assets in safe-haven liquidities rather than cash: CFO
This minor change in asset holding strategy is likely to result in improved results, reduced risk tolerance, and at reduced costs. As part of a strategic decision to boost profitability, Deutsche Bank’s Chief Financial Officer stated, it plans on holding… Read More ›
Masayoshi Son cancels his visit to Saudi investment conference
In purely financial terms, the disappearance and killing of journalist Jamal Khashoggi’s at the Saudi Embassy in Turkey could turn out to be a costly affair for Saudi Arabia. On Tuesday, the Wall Street Journal reported citing a conference representative,… Read More ›
France’s Total to announce retail network partnership with Saudi Aramco: Total’s CEO
In April 2018, Total had shown interest in the Saudi petrol station market. This collaboration follows up on the earlier MOU it had signed with the Saudi oil and gas giant. On Tuesday, Patrick Pouyanne, the Chief Executive of French… Read More ›
Aramco to sign 15 deals worth $30 billion+ at investment conference
Despite major companies dropping out from the investment meet, Saudi Arabia is intent on making the investment meet a success. On Tuesday, according to a source familiar with the matter at hand, Saudi oil giant Aramco is likely to sign… Read More ›
Mitsubishi Heavy Industries to sink in $2 billion into its aircraft-making unit: NHK
Mitsubishi’s aircraft project is of strategic value to Japan since it marks is first attempt to make passenger jets since the 1960s. On Tuesday, Japanese news agency NHK reported, Mitsubishi Heavy Industries is likely to inject $2 billion (220 billion… Read More ›
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