Production was stopped for yesterday and today due to a shortage of car seat covers. It will resume its operations tomorrow. In a sign of further trouble brewing at Volkswagen, Volkswagen has suspended the production of cars at one of… Read More ›
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London Knocked off Most-Expensive Spot for Locating Staff by a Sterling Slump
London is no longer the world’s most expensive city for companies to locate staff since there has been a slump in the sterling after Brexit, said luxury real estate firm Savills. The British pound is down by around 11 percent… Read More ›
Jet Order Race Sees Airbus Closing in on Rival Boeing
After booking about half of the 197 firm sales unveiled at last month’s Farnborough Airshow, the latest data from Airbus and Boeing shows that the former has virtually closed the gap with Boeing in their intense battle for airliner orders… Read More ›
Aimed to Improve Peak-hour Staffing, Wal-Mart’s Plans to Launch New Scheduling System Across U.S.
While Wal-Mart Stores Inc aims to improve staffing levels during peak shopping times and offer more certainty over hours for employees, the company said that it has implemented a new system for scheduling workers at 650 U.S. stores. Its customer… Read More ›
Creation of Two Steel Giants by Merger Being Mulled by China: Reports
Creating two steel giants – one located in the north and another in the south, China is considering a sweeping overhaul of its steel industry through consolidation, Bloomberg reported quoting people familiar with the plan. The sources said that while… Read More ›
$35 Billion to be Spent to Buy Uber’s China Business by Taxi App Rival Didi Chuxing
Uber’s China business would be taken over by rival Chinese ride-hailing service Didi Chuxing. This announcement was made by both the companies on Monday. The combined company would be valued at $35 billion according to a person familiar with the… Read More ›
Travel to Europe could be Upended by JetBlue’s New Airbus
A European expansion that could start by 2019 is the target of JetBlue and the airline is positioning itself to grab some of that market share. 15 Airbus A321neo, the new engine option aircraft, would be converted to the A321LR,… Read More ›
At Heart of 1MDB Case is Saudi Royal Oil Group
The PetroSaudi International has been left grappling with questions by the US authorities over its dealings with the scandal-racked 1MDB, the Malaysian state wealth fund. This Saudi company that was co-founded by a Saudi prince and claims to a “partner… Read More ›
Recession Risk Increases as Brexit Wreaks Havoc on U.K. Economy
As business activity shrank at its fastest pace since the last recession seven years ago, the U.K.’s decision to leave the European Union inflicted an immediate blow on the economy. Markit Economics said in a one-time report published on Friday,… Read More ›
Syngenta CEO says Despite ChemChina Distraction, Company Focused on Growth
Amid ongoing discussions with regulators over its $43 billion takeover by ChemChina, Syngenta has not taken its eye off the ball. Following the reporting by the company of its results where it’s sales and profit that missed expectations, the chief… Read More ›
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