It plans on deploying free shipping as a tool to fight off rivals which includes Amazon.com. It expects strong growth in the apparels, toys and home décor categories. With retailers facing a lackluster year so far, Target Corp is likely… Read More ›
Strategy
Spanish rival joins Carlos Slim’s consortium to bid for $3.5billion Mexico airport terminal
Slim has already won the bid for building the airport’s runway. The wining of a further bid will consolidate his construction business and set off the losses from his telecom venture. As per 5 sources familiar with the matter at… Read More ›
Canada needs free trade deal with EU for its economic growth
With its trade deal with the U.S. under stress, the Canadian negotiation team need to up their game and bring home CETA for the good of their economy. A free trade deal with the EU will see an almost 20%… Read More ›
Fossil Fuel Beaten for First Time by Record Green Power Installations
With record new installations of emissions-free power surpassing sources that burn fossil fuel, renewable energy reached an important turning point last year. This was revealed by the International Energy Agency. The Paris-based agency said in its Medium-Term Renewable Energy Market… Read More ›
Warning Over Brexit Banking Exodus Received by UK Government
Large banks with a presence in the U.K. feel that in the wake of the uncertainty surrounding the Brexit vote, the country’s government is not fully receptive to the financial services sector, reported CNBC citing an industry source with knowledge of… Read More ›
Overseas Acquisitions by Chinese Companies Touch Record Amounts this Year
For the first time on record, compared to U.S. buyers, Chinese companies are buying up overseas assets at a faster pace. Select-service hotel portfolio from Starwood Capital Group LLC was agreed to be bought by China Life Insurance Co Ltd for $2… Read More ›
WPCH-TV – a key component in AT&T’s acquisition of Timer Warner
Given the equation AT&T has with the FCC, avoiding overbearing scrutiny may result in scuttling the deal. Turns out WPCH-TV could play a key role in this proposed merger. As per analysts, if AT&T were to divest its stake in… Read More ›
Chinese recalls IoT enabled products after last Friday’s DOS attack
Hangzhou Xiongmai Technology has issued a recall for only some of its products manufactured before April 2015. With security researchers having identified the devices through which hackers conducted their attack last Friday, a Chinese company, Hangzhou Xiongmai Technology Co Ltd… Read More ›
Banks harness blockchain tech to unveil world’s 1st international payment
Eager to reduce costs, 70 of the world’s leading banks have got together to create a group, R3, which researched the benefits of blockchain technology and brought about “smart contracts”. In a development that has all the hallmarks of history… Read More ›
Wal-Mart invests $50 million in New Dada to tap the burgeoning Chinese online groceries market
New Dada has a joint venture with JD.com, in which Wal-Mart has a stake. Wal-Mart has realized that in order to survive and thrive in the Chinese market, local partners are key. In order to tap the world’s second largest… Read More ›
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