In a huge blow to generic drug makers, Allergan Plc has transferred its parent rights to a Native American tribe, which is treated as a sovereign nation in U.S. law, in order to shield its patents from civil lawsuits. In… Read More ›
Strategy
Bain Capital led consortium in the lead for Toshiba’s chip business: sources
Fears that Western Digital might take over control of Toshiba’s chip business led to it being dropped as the preferred bidder, said sources. According to two sources briefed on the matter at hand, Toshiba Corp favors a consortium led by… Read More ›
Insurance premium for properties in Florida and Texas likely to rise: Hiscox Ltd
The combined loss of insurance from both hurricanes is in the range of $45 billion to $75 billion. According to Hiscox Ltd, the underwriter for Lloyd’s of London, insurance premium for properties are likely to move upwards in states such… Read More ›
Britain to unconditionally commit to security cooperation within Europe
A document which details Britain’s future commitments, including security, with EU has been released by the British government. In a development of far reaching consequences, Britain has stated it was unconditionally committed to the security situation in Europe. These disclosures… Read More ›
North Korean Accounts Banned By China’s Biggest Banks
In an unprecedented move to clamp down on financial flows with the country’s unruly neighbor, China’s biggest banks have banned North Koreans from opening new accounts. They had imposed a freeze on new accounts for North Korean people and companies,… Read More ›
Rescue workers congregate to help restore power in Florida
With electric utilities being severely affected by hurricane Irma, rescue workers, including some from far away California, are chipping in to restore power. More than million people have been affected by power cuts in Florida. As per local electric utilities,… Read More ›
Risk managers in demand in European banks
With financial institutions expanding their European operations following Brexit, the market for risk managers has become highly competitive. Faced with an increased likelihood of financial companies exiting Britain, regulators in Europe have begun hiring risk specialists to prepare for the… Read More ›
Post Brexit custom checks could cost Britain north of $5.28 billion
A report prepared by the Institute underscores the needs for stability for British businesses and highlights potential pitfalls. As per the report of a think tank that was released on Monday, the introduction of post-Brexit customs checks could cost traders… Read More ›
Scrutiny Of Pratt’s Balky New Engines On Airbus Jets Stepped Up By India
As the U.S. manufacturer tries to overcome glitches that have grounded some AirbusSE planes, regulators in India are stepping up scrutiny of Pratt & Whitney’s new jet engines. Civil Aviation Minister Ashok Gajapathi Raju said in an interview in New Delhi… Read More ›
In Indian Media Push, Amazon And Netflix Fight Each Other
Proof of a rising foreign presence in India’s fast-growing online entertainment business is the drama series Inside Edge, launched by Amazon to rave reviews in June. In the hope of capitalising on the explosive recent growth in smartphone penetration and… Read More ›
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