In the multi-year investigation, anitrust authorities in France have alleged that Electrolux along with other large white goods home appliance makers have collaborated to fix prices of their appliances. On Wednesday, Electrolux stated antitrust authorities in France are set to… Read More ›
The development brings closure to the 4 month long political uncertainty which has weakened Germany’s economy and its role in international affairs. On Wednesday, a source involved in the negotiations between German Chancellor Angela Merkel’s conservatives party and the Social… Read More ›
The statement by Sabine Lautenschlaeger, a board member of the ECB, brings more clarity on the outlook of British financial institutions vis-a-vis Brexit. On Wednesday, Sabine Lautenschlaeger, a board member of the European Central Bank made it lucidly clear to… Read More ›
Alphabet’s Access is seeing a high turnover in human resources: Jain’s appointment as CEO is the third in less than two years. The unit has also laid employees since 2016. On Wednesday, Alphabet Inc named Dinesh Jain, a former chief… Read More ›
Boeing is likely to raise production levels of its narrowbody offerings. On Wednesday, a senior executive from Boeing said, judging by currently available data, the aircraftmaker must seriously consider raising the production levels of the 737. When asked at a… Read More ›
Facing a downturn in market conditions, investors are pouring into other assets, such as forex. Stock markets across the globe, tread downwards for a fourth consecutive days wiping out $4 trillion from the market which had peaked just eight days… Read More ›
The development marks Walmart’s push to improve customer experience on its website as well as in its brick-and-mortar stores with virtual reality. Store No. 8, Walmart Inc’s technology incubator, disclosed it has acquired Spatialand, a virtual reality startup, to build… Read More ›
Calling on regulators to learn from Monday’s market turmoil, the world’s largest asset manager, asked that they be labeled differently from plain-vanilla ETFs such that investor can better associate risks pertaining to them. Following Monday’s steep decline in financial instruments… Read More ›
The move would have profound implications for Britain’s economy and could potentially trigger customs check at EU borders, including the one between Northern Ireland and the Republic of Ireland. The move is also likely to rid Britain from EU’s single… Read More ›
Booming air traffic has given rise to surge in profits across global air-carriers, however with their net margin being at just 4.7%, the scope for exuberance is limited. On Monday, Alexandre de Juniac, the Chief Executive of International Air Transport… Read More ›
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