LG Chem has denied media reports of having signed such a deal and has declined to comment on such rumours. South Korean battery maker LG Chem Ltd has denied media reports of having signed a $6.20 billion (7 trillion won)… Read More ›
Strategy
U.S Treasury unveils reforms to loosen regulatory scrutiny of large financial institutions
By routing these ‘financial reforms’ through regulatory agencies rather than the U.S. Congress, the Trump Administration is loosening the regulatory scrutiny that was placed on big banks following the 2007-2009 financial crisis. With the U.S. Treasury Department unveiling sweeping reforms… Read More ›
As , European Grocery Rivalry Expands To U.S.
An industry embroiled in a deflation-fueled price war saw competitive pressure added to it as a decades-long supermarket battle in Europe is now set to move to the U.S. Aldi said on Monday that in order to open 900 supermarkets over… Read More ›
In Wake Of Terror Attacks, Direct Access To Could Be Given By EU
Including providing data directly from cloud storage, retrieving electronic evidence from US tech firms for the police and law enforcement agencies is being made easier by the European Union. Even when it is stored in another EU member state – which… Read More ›
Volkswagen looking at hiring Karl-Thomas Neumann – Opel’s CEO
VW could place Neumann at the helm of Audi. As per a source familiar with the matter at hand, following a media report that Opel’s CEO will quit his job, Volkswagen may possibly hire him to lead its Audi brand…. Read More ›
The fate of Travis Kalanick, Uber’s CEO, hangs in the balance as Uber’s board considers key policy changes
Kalanick could do with a vacation. As per a source familiar with the matter at hand, on Sunday Uber Technologies’ board discussed the temporary stepping away of Travis Kalanick, its Chief Executive, as the embattled ride-hailing company considers significant… Read More ›
German grocery stores Aldi to $3.4 billion in the U.S. economy, create 25,000 U.S. jobs
Wal-Mart will increasingly face the heat from its German rivals, Aldi and Lidl. On Sunday, in a move that will most likely raise the stakes for its U.S. rivals in a price war, German grocery chain Aldi disclosed it would… Read More ›
Expert Says A ‘Dead Giveaway’ That It’s Building An AI Chip For Iphones, Just Offered By Apple
A set of tools that developers can use to incorporate machine learning techniques into their apps – Core ML, was very recently introduced by Apple Inc. Amid all of the new hardware and iOS updates the news was little noticed…. Read More ›
Investors Haven’t Lost Interest Even Though E-Commerce May Be Biting Singapore’s Retail Real-Estate
Investors are still eyeing the city-state of Singapore as Singapore’s malls have felt the pinch similar to the other bricks-and-mortar retailers globally who have taken a hit from e-commerce. But that doesn’t mean investors are entirely gung-ho. But expecting the… Read More ›
Matt Zames JPMorgan Chase’s CIO retires from the bank
Zames was the leading contender for replacing Jamie Dimon,61, at the helm of the bank. On Thursday, JPMorgan Chase & Co disclosed Matt Zames, its Chief Operating Officer who was once seen as a successor to Jamie Dimon, its CEO,… Read More ›
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