Media reports claimed that about 25,000 apps were pulled out by Apple Inc from its App Store in China over concerns that those apps could draw the ire of Chinese regulators. According to a news report in Bloomberg, the word… Read More ›
Strategy
Britain’s Financial Reporting Council fines KPMG for 3 million pounds
On Monday, Britain’s Financial Reporting Council stated, it has imposed a fine of three million pounds on accounting firm KPMG. Apart from the fine, it has also reprimanded and fined KPMG’s senior partner Michael Francis Barradell for misconduct related to… Read More ›
PepsiCo acquires Sodastream for $3.2 billion
The deal sees snack and beverage giant PepsiCo acquiring countertop carbonated water machine maker SodaStream for $3.2 billion. It underscores PepsiCo’s push to add healthier products to its portfolio and move to a more environmentally friendly agenda. On Monday, New… Read More ›
Central banks of Qatar and Turkey sign currency swap deal
H.E Sheikh Abdullah bin Saoud Al Thani, the Governor of Qatar’s Central Bank (QCB) has signed a currency swap agreement with Murat Cetinkaya, the Governor of the Central Bank of the Republic of Turkey, signaling greater economic cooperation between the… Read More ›
Volkswagen agrees to 5.5% salary hike for its workers in Mexico
The agreement, which took 2 weeks to negotiate averted a potential strike at one of its biggest plant in Mexico’s central city of Puebla. On Monday, EU’s biggest carmaker Volkswagen AG stated, it has agreed to a 5.5% increase in… Read More ›
Noble’s chairman and founder Richard Elman steps away from joining new board
Noble’s survival depends on the passing of the restructuring plans, on which the board is set to vote on August 27. On Monday, bellicose commodity trader Noble Group Ltd disclosed, Richard Elman, who is its chairman and also its founder,… Read More ›
NYT Report Claims SpaceX Could Help Musk Take Tesla Private
According to a report published in the New York Times, the funding got taking Tesla private could be helped by Elon Musk’s rocket company, SpaceX. Last week, markets and investors were very surprised after Musk tweeted about his contemplation of… Read More ›
Twitter Rethinking The Working Of Some Of Its Core Elements:CEO
After expelling right-wing conspiratorialist Alex Jones from Twitter, the company CEO Jack Dorsey is contemplating making deeper changes to this social media platform which would help reduce the spreading of fake news, misinformation and hate speech. Twitter was part of… Read More ›
Artificially inflated credit ratings pose systemic risk to China’s economy
As a result of China’s credit ratings industry assigning favorable ratings to the bonds of local issuers while downplays their credit risks, the market is full of issuers who have AA ratings which are reserved only for the safest and… Read More ›
Toyota to boost China manufacturing capacity by 20%
Toyota aims to produce 2 million vehicles a year by early 2020s, which is a jump of more than 50% its current capacity. As per a source from Toyota Motor Corp, the Japanese carmaker will boost production capacity at its… Read More ›
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