The overcapacity has led China to dump steel in export markets. Jean Claude Junker, the European Commissioner has made it clear to his Chinese counterpart that China’s overcapacity in the steel sector is a very serious issue. By far the… Read More ›
Strategy
Rolls-Royce likely to turnaround this year with a potential cost saving of upto 1 billion pounds
Increased streamlining of its power systems and marine units the company could result in major savings for the company. Warren East, Rolls-Royce’s Chief Executive said that the company is in the process of making a turnaround with a potential cost… Read More ›
Britain’s staring at recession – BlackRock
Here’s BlackRock’s take on Brexit. As per BlackRock, in the coming years, it is likely that Britain will face a recession and its growth rate trimmed by at least 0.5% point as a result of Brexit. “Recession is now our… Read More ›
Xerox in acquisition talks with RR Donnelley
According to sources, a deal is not imminent. According to two sources who are familiar with the matter at hand, Xerox Corp is in talks with RR Donnelley, a financial printing firm. Incidentally Xerox is set to split into two… Read More ›
Theresa May, 59, set to be Britain’s next PM
Although she has made her intentions clear saying “Brexit means Brexit”, she will she have to get the numbers in order to pass act of parliament that will kickstart the leaving process. Theresa May, 59, Britain’s Interior Minister, is set… Read More ›
Honda Motors in collaboration with Daido Steel create the world’s first rare metal free engine for its vehicle line-up
This signals the beginning of the end of China’s iron grip of the rare minerals market. In a significant development in the history of automotive, Honda Motors Co Ltd is said to have developed the world’s first motor for hybrid… Read More ›
Musk to unveil part 2 of Tesla’s “masterplan”
This comes after two of its models were involved in two fatal mishaps. Elon Musk, the embattled Tesla CEO, has tweeted his intention of soon publishing the second part of his “top secret Tesla masterplan”. The tweet reads as the following,… Read More ›
EU Trade Commissioner optimistic about upcoming EU-China summit
The upcoming summit could potentially sooth strained following Brexit. Ahead of the China-EU summit, Cecilia Malmstrom, the EU’s trade Commissioner, was of the opinion that upcoming planned investment deals could boost the level playing field for European and Chinese companies…. Read More ›
Airbus and Boeing both bag further orders at Farnborough Airshow
The order could boost economies growth which is stalling in the wake of Brexit. Despite political uncertainties overshadowing the Farnborough Airshow, Airbus has beaten rival Boeing to bag a big order for 8 to 10 of its biggest twin-engined models…. Read More ›
Lenovo says Wrap Around Wrist Bendy Phone could be a Reality in 5 years
After Lenovo recently showed off a flexible device that can wrap around a user’s wrist, the Chinese technology firm’s head of mobile said that bendable smartphones could be a reality in five years. The concept of CPlus, which has a… Read More ›
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