The UK supermarket chain Asda is one the verge of cutting jobs because of the intense price competition in the UK retailing market. The company announced that it would begin a process of consultation with the staff and employees for… Read More ›
Sustainability
Allegation Of Climate Change ‘Fraud’ Brought Against Exxon In The US
ExxonMobil has been accused of misleading investors about the risks that are associated with its business and climate change. This emerged after a legal action was taken by the state of New York against the oil major. It has been… Read More ›
50 Stores Of Debenhams To Be Closed Down, Job Loss Likely At 5000
More than 50 stores of the famous but UK based department store Debenhams are to be shut down across the UK which is likely to also result in a total of 5000 job losses. This number of stores is almost… Read More ›
US-China Trade War Pushing Close US Allies In Asia To Force Ties With India
There is a growing tendency among the most developed countries of Asia to decrease their dependency on China and look to India as an alternative in the wake of the trade war between the United States and China. The trade… Read More ›
New York sues Exxon Mobil Corp for misleading investors on the risks posed by climate change
Cities across the U.S. as well as countries are suing oil companies for misleading investors for years on the risks posed by climate change on their businesses. The state of New York has sued Exxon Mobil Corp alleging that it… Read More ›
Advertising Giant WPP Expected To Report First Drop In Sale In 16 Years
Analysts are expecting disappointing figures for WPP later in the week and predict more troubled times for the firm’s new boss Mark Read. Analysts expect an annual drop in revenues of 4 per cent for the advertising giant and predict… Read More ›
The Economic Outlook For Asia In The Eyes Of The IMF And World Bank
With the world economy being clouded by dark undercurrents of trade tensions and turmoil in some of the financial markets, one could assume that the recently held annual meetings of the IMF and the World Bank in Bali last week… Read More ›
Tesla’s shares rise following launch of new Model 3 for $45,000
With U.S. tax breaks on Tesla cars set to diminish, it would be smart for potential buyers to snag one at cost-effective prices. Following the launch of a new Tesla Model 3 version for $45,000, shares of the U.S. electric… Read More ›
SAIC Volkswagen to commence building a $2.5 billion Audi plant in Shanghai
The move is aimed at tapping the growing Chinese demand for New Energy Vehicle (NEV). In what is possibly the first venture for Volkswagen AG’s partnership with SAIC Motor Corp Ltd, a Chinese company, the joint venture is on track… Read More ›
$18 Billion Value Shaved Off Crypto Currencies Market In Three Days
Crypto currencies went through a rough period in the last seven days with about $18 billion being washed away off the total value of global crypto currencies within just a few days. Bitcoin, the largest and the widely owned digital… Read More ›
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