The contract would have originally gone to Japan, but France with her smart quick made the contract her own. In 2014 when the Japanese Prime Minister met his Australian counterpart to make a $40 billion deal for the manufacturing of… Read More ›
Strategy
Germany in talks with Panama in the wake of the Panama Papers
After the leak, Panama has come increasingly under international scrutiny with countries wanting increased cooperation and transparency. In the wake of the leak of the Panama Papers, Germany’s Chancellor Angela Merkel has spoken at length with Juan Carlos, Panama’s President… Read More ›
The Eurozone’s economy registers significant growth
Despite deflationary tendencies snapping at its heels, the Eurozone registered a strong economic growth principally by the economies of France and Spain, its growth was 3 times the growth registered by the U.S. economy. In this year’s first quarter, the… Read More ›
Delta Airlines places orders for 37 A321 from the Airbus Group SE
The deal is worth $4.25 billion. In addition to this, it has also placed an order for 75 CS100 aircrafts from Bombardier Inc. In order to help replace its ageing fleet of aircrafts, Delta Airlines has reported that it has… Read More ›
Scottish Power awards Siemens to build EU’s largest offshore wind farm
This is in line with the British government’s efforts to incentivise low-carbon power production. In a move that would enthuse green energy backers, Siemens has won a five year contract worth $1.2 billion (833 million pounds) to build and service… Read More ›
Comcast enters into preliminary talks to purchase DreamWorks Animation
Many have unsuccessfully tried to acquire DreamWorks Animation, will Comcast succeed where others have failed? The Wall Street Journal has reported citing sources familiar with the matter at hand, that the largest cable operator in the U.S., Comcast Corp, has… Read More ›
The Chinese make good tourists
The economic cost of the Chinese splurge abroad is offset by the surplus generated by the country’s manufacturing and trading sector. China’s foreign exchange regulator has noted that the country’s trade deficit in the services sector has yawned to $21.0… Read More ›
Low oil prices drag down BP’s revenues by 80% for the first quarter of 2016
Its downstream operations have however offset its upstream losses by $747 million. It has maintained its dividend of 10 cents per ordinary share. With British Petroleum reporting a humongous 80% drop in its oil revenues for the first quarter of… Read More ›
T-Mobile’s net profit jumps by 10.6% driven by deep discounts
The surge in its profits is even more significant since it had reported a loss of $63 million in the previous year. With consumers flocking to U.S. telecom giant thanks to its deep discounts, T-Mobile US Inc., the No.3 wireless… Read More ›
World’s Largest Private Tech Investment Round Yields $4.5 Billion for Alibaba’s Ant Financial
A US$ 4.5 billion Series B round of financing WAS completed by Alibaba’s Ant Financial Services Group, one of the world’s largest online financial services companies, the company said on Tuesday. According to some sources, the company is now valued at… Read More ›
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