Recent Posts - page 546

• Mercedes-Benz USA to pay $20 million fine over U.S. vehicle recall

  By admin1 on December 19, 2019 • ( 0 )

  

  Mercedes-Benz USA has agreed to pay $20 million in civil penalty over its handling of U.S. vehicle recalls following a year-long investigation by the U.S. government into the recall of 1.4 million vehicles. Under the terms of the settlement, Mercedes-Benz… Read More ›

• Complicated migration policy post-Brexit will lead to shortage of skilled workers

  By admin1 on December 19, 2019 • ( 0 )

  

  On Thursday, a leading employer’s group stated, Britain’s plans to introduce a new system for immigration after Brexit is likely to lead to be complicated and cause a shortage of skilled workers. According to the results of a survey, more… Read More ›

• China’s Dongfeng Motor to have reduced stake following FCA’s merger with PSA

  By admin1 on December 18, 2019 • ( 0 )

  

  According to two sources, China’s Dongfeng Motor will have a reduced stake of 4.5% in the new group following the merger of PSA with Fiat Chrysler. The board of both groups have approved a binding memorandum of understanding for a… Read More ›

• Goldman Sachs provides WeWork with $1.75 credit line

  By admin1 on December 18, 2019 • ( 0 )

  

  In a statement, shared workplace operator WeWork disclosed, it has arranged a $1.75 billion letter of credit with Goldman Sachs, which is in the process of being syndicated and it expects to tap the fund in January 2020. The line… Read More ›

• Chairman of Samsung Electronics sentenced to jail on union-busting charge

  By admin1 on December 18, 2019 • ( 0 )

  

  A south Korean court has jailed Lee Sang-hoon, Samsung Electronics Co Ltd board Chairman following a sentence of up to 1-1/2 years in jail. Lee Sang-hoon has been charged for sabotaging legitimate union activities, said the South Korean court. Along… Read More ›

• Hong Kong saw capital outflows of $5 billion midst pro-democracy protests

  By admin1 on December 18, 2019 • ( 0 )

  

  Following China’s attempt to thwart the pro-democracy movement in Hong Kong, since April the Asian financial hub has seen capital outflows of nearly $5 billion, said the Bank of England. According to the central bank’s Financial Stability Report, the flight… Read More ›

• Swiss drugmaker Roche wins U.S. & British approval for its $4.3B acquisition of Spark Therapeutics

  By admin1 on December 17, 2019 • ( 0 )

  

  Swiss drugmaker Roche has won approval from U.S. antitrust authorities for its $4.3 billion bid to acquire gene therapy specialist Spark Therapeutics. The development clears the way for Roche’s strategic push to position itself in the treatment of rare diseases,… Read More ›

• Boris Johnson aims to block Brexit extension beyond 11 months as illegal

  By admin1 on December 17, 2019 • ( 0 )

  

  On Tuesday, British media including the Financial Times and The Times reported, British Prime Minister Boris Johnson aim to take bold legislative steps to prevent any extension of the Brexit transition period beyond 2020. Making an extension beyond 2020 illegal… Read More ›

• Goldman Sachs Group Inc will support green initiatives and fight climage change more actively

  By admin1 on December 17, 2019 • ( 0 )

  

  In a significant development, the Goldman Sachs Group Inc has outlined plans to channel funds and advice projects that fight climate change, or help financially disadvantaged people saying it is not only the right thing to do but can also… Read More ›

• Brexit bill to be tabled before parliament on Friday

  By admin1 on December 17, 2019 • ( 0 )

  

  Laws pertaining to Brexit are scheduled to be tabled in parliament on Friday, said Prime Minster Boris Johnson’s spokesman. The bill aims to formalize the terms of the agreement that was negotiated by Johnson and the EU into law. The… Read More ›

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