Among other steps as part of Washington’s drive to cut its trade deficit with Beijing, the United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and… Read More ›
Strategy
VW surges ahead putting its 3.0 litre diesel engine emission scandal behind
Having admitted to allegations stemming from the diesel emission scandal, Europe’s biggest car maker is making rapid strides to leave it behind. Here is the order of U.S. District Judge Charles Breyer against the company’s 3.0 litre diesel-scandal-emission-linked models. U.S…. Read More ›
The gasoline industry is all set to be transformed
Asian economies and electric carmakers are going to be key players in this unfolding scenario. Oil and auto executives have disclosed, with India and China shifting their focus from gas-guzzling gasoline engine powered cars to electric vehicles, demand for gasoline… Read More ›
U.S. China rack up deals to boost trade ties
It isn’t clear how these deals will have an economic impact given the fact that despite a 2012 WTO ruling, China has yet to issue operating licenses to Visa & MasterCard to operate in China. On Thursday, U.S Commerce Secretary… Read More ›
Quality-related issue in its engine part leads to Boeing grounding 30-40 of its 737 MAX aircrafts
The engine issue is only a quality assurance defect. Airbus’ A32neo jet is also powered by the similar LEAP-1A engine and its flying travelers without any reported hitch. On Wednesday, Boeing Co disclosed, it had temporarily halted the test flights… Read More ›
German grocery chains launch price wars with Wal-Mart and Amazon in the U.S.
German grocery chains, such as Aldi and Lidl are set to expand their U.S. footprint despite Wal-Mart and Amazon’s dominance in the grocery sector. In a significant development, German grocery chain Aldi Inc is aiming to beat Wal-Mart, the world’s… Read More ›
Brian Duperreault to be named AIG’s CEO
The announcement could come out anytime today, if not sometime later this week. The Wall Street Journal has reported citing sources familiar with the matter at hand, American International Group (AIG) plans on naming Brian Duperreault as its new chief… Read More ›
With $84 Billion Spree, Shale Drillers Are Outspending The World
In order to harvest fields that register fat profits even with the recent drop in oil prices, U.S. shale explorers are boosting drilling budgets 10 times faster than the rest of the world. According to analysts at Barclay’s Plc., compared with just… Read More ›
To Fend Off Populist Threat, EU Wants Tougher Global Trade Rules
In a fresh effort to fend off the inequalities of globalisation that have been seized on by hard-right nationalists such as Marine Le Pen of France, Europe will press the US and China for tougher world trade rules. The European Commission called… Read More ›
Britain will benefit if its stays within EU’s energy market mix
Here are highlights of the Chatham House’s report which delves into Britain’s energy future. Chatham House, a think tank is of the opinion, it would benefit Britain if she were to remain in EU’s energy market and carbon trading scheme… Read More ›
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