Xerox found “material deviations” between the audited Fuji Xerox financial statements and unaudited statements that was provided to it earlier. In a significant development, Xerox Corp stated it was in the process of ending its planned $6.1 billion deal with… Read More ›
Strategy
China Three Gorges Bids $10.8 Billion For Takeover Of Portuguese Power Firm EDP
Efforts to take over Portugal’s biggest company EDP were initiated by China’s state-owned utility China Three Gorges during the end of the week as the Chinese firm offered a premium price of just below 5 per cent of the closing… Read More ›
Germany will assist its companies to do business with Iran: German Economic Minister Peter Altmaier
European powers, including France, Germany and Britain are willing to maintain the landmark 2015 Iran nuclear accord while pushing for talks encompassing a wider format which includes Iran’s ballistic missile program and its activities in Yemen and Syria. On Friday,… Read More ›
De Beers tracked 100 high value gems through blockchain technology
This significant step will enable De Beers to rigorously clean its supply chain of conflict minerals and boost its quality assurance in asset traceability. In the first efforts of its kind, De Beers, the world’s biggest diamond producer by value… Read More ›
Akira Marumoto to replace Masamichi Kogai as Mazda Motor Corp’s CEO
Masamichi Kogai will now become Mazda Motor’s chairman. On Friday, Mazda Motor Corp stated, Masamichi Kogai, its CEO and president, would be stepping down from office. Akira Marumoto, who currently serves as the company’s vice president and overseas its operations… Read More ›
Trump’s Iran Decision Impacting UK Already, Petrol Prices To Rise
The impact of the United States President Donald Trump’s decision to pull out of the Iran deal is already being felt in the United Kingdom. Over the next fortnight, warning have been issued to British motorists that they would have… Read More ›
Costs For Sponsored Facebook Postings Being Increased By Norwegian Ministries
According to a report published in the Norwegian newspaper Aftenposten, in the last three years, zero to more than 200,000 kroner (24,800 U.S. dollars) have bene spent by the Norwegian authorities in publishing posts on the social media Facebook. According… Read More ›
Poland chooses green energy over nuclear
Poland decision is likely to enable it to meet EU’s CO2 emission reduction targets, and improve its ties with Brussels while creating green energy jobs in the country. According to sources familiar with the matter at hand, Poland’s state-controlled PGE… Read More ›
GM to make South Korea its Asia-Pacific hub
This preliminary deal essentially sets the foundation for Detroit-based General Motors landmark deal, to be signed on May 11 with the South Korean government, which will see it set up its Asia-Pacific HQ in the country. The deals are aimed… Read More ›
Apple drops data centre plans in Ireland
Apple has cited delays in the approval process as the reason for its decision. On Thursday, Apple stated it will not go ahead with its planned data center in Athenry, Ireland, due to delays in the planning approval process. In… Read More ›