Environmental groups say particulate matters in diesel emissions in the majority of German cities exceed the EU threshold. On Thursday, Germany’s highest administrative court in Leipzig is set to decide on the fate of the 15 million diesel vehicles that… Read More ›
Strategy
General Electric eyes $4 billion asset sales, clarifies on issues surrounding capital allocation
Here’s what the CFO of General Electric had to say on how the conglomerate will raise funds, issues surrounding its stake in Baker Hughes, capital allocation at GE, and the turn around of GE Power. While speaking at an event… Read More ›
Bridgewater Associates’ Ray Dalio sees 70% chance of U.S. recession before 2020
Here are the views of billionaire investor Ray Dalio on the state of the U.S. economy and the market. Ray Dalio, the billionaire investor who founded Bridgewater Associates, the world’s largest hedge fund, opined that it is highly likely that… Read More ›
Japan Automakers Likely To End High Discount Strategy In U.S. Due To Slow Growth There
Japanese automakers are being forced to think of other methods apart from discounts for generating market share growth due to a second consecutive year of slow growth in the auto market in the U.S. The Japanese companies are reportedly getting… Read More ›
New Software Technology To Prevent Criminal Use Of Drones Being Tested By Vodafone
A technology is being tested by Vodafone that would be enable authorities to conduct tracking and controlling of drones so that they are able to prevent aircraft accidents from happening and prevent terrorist attacks on them and prevent incursions into… Read More ›
Late 2030s Could See A Peak In Global Demand For Oil: BP
The rise of electric cars and electric powered trucks would primarily be the reason that the global demand for crude would most probably hit a “plateau” in the later part of 2030s. This was predicted by BP in its annual… Read More ›
World’s largest temp staffing firms Adecco acquires Vettery for undisclosed amount
The move by Adecco, the world’s largest temp staffing firm, will enable it to expand its footprint in the online permanent recruitment space, locally as well as internationally. On Tuesday, Adecco, a staffing company, stated it has acquired Vettery, a… Read More ›
General Motors proposes debt for equity swap to continue to operate its plants in South Korea
It is yet to be determined how the proposal will impact Korea Development Bank, a state run bank, which holds a 17% stake in GM Korea. According to 4 sources with direct knowledge of the matter, General Motors has offered… Read More ›
British manufacturers need urgent clarity as to what Brexit means for them: Judith Hackett, chairman of EEF
The chaos of Brexit could be dampened if Theresa May’s government provides ample clarity as to how it will impact British manufacturing, its financial sector and its economy as a whole; sectors across industries have been demanding that the government… Read More ›
More than 900 KFC stores shut due to shortage of chicken
The issue in KFC’s supply chain occurred when it switched its delivery contract to DHL U.S. fast food restaurant chain, Kentucky Fried Chicken (KFC) stated it has been forced for close hundreds of its stores in Britain due to shortage… Read More ›