The bicycle industry has been identified as a key industry in China’s current five-year plan and its Made in China 2025 initiative. Thus it is very likely that the state-backed producers would return to selling them at high volumes and… Read More ›
European Union
New York dethrones London to become world’s No. 1 financial centre
180 executives participating in the annual Global Regulatory Outlook survey working in asset management, private equity, hedge funds, banking and brokerage houses placed New York above London as the world’s top financial center. On Tuesday, as per the results… Read More ›
Germany’s Delivery Hero invests in biodegradable packaging manufacturer Bio-Lutions
Companies and governments around the globe are moving to mitigate the menace of plastic waste. In a significant development, German food delivery company Delivery Hero announced it has invested in biodegradable packaging manufacturer Bio-Lutions. The move comes midst companies and… Read More ›
PSA Group in advance talks to acquire JLR from India’s Tata Motors
The Peugeot carmaker has shown a willingness for others to join its bid for acquiring JLR. In a significant development, the PSA Group stated, it is ready to consider a potential tie-up for acquiring UK-based Jaguar Land Rover (JLR) from… Read More ›
European Court of Justice backs EU’s free trade agreement with Canada
In a landmark judgement, the ECJ ruled that provisions of the Comprehensive Economic and Trade Agreement (CETA) are not in breach of EU law. Incidentally, CETA is yet to be full implemented in the EU. On Tuesday, in a significant… Read More ›
Harley Davidson’s Q1 reports surges past analysts’ forecast
Harley Davidson’s earnings per share excluding items for the first quarter was 98 cents against the average analyst forecast of 65 cents per share. Harley Davidson has stuck to its full year forecast. On Tuesday, Harley-Davidson Inc reported that its… Read More ›
Irish border will significantly impact future trade deals: Democratic Congressman Richard Neal
How will Theresa May keep EU-member Ireland’s border with Northern Ireland open after Brexit without any physical infrastructure on the border between Northern Ireland and Ireland? This question is proving to be the most excruciating issue in Britain’s sour grapes… Read More ›
Hunt keen on delivering Brexit reassurances to Japan
Hunt will be telling Toyota that Britain wants to ensure a tariff-free trade trade deal with the EU. What are we missing here? The only way to the EU is going to agree to a tariff-free deal is if Britain… Read More ›
GE fined $58M for providing misleading data
GE had provided the misleading data during its bid to acquire Danish rotor blade maker LM Wind in 2017. The European Commission has levied a fine of $58.4 million (52 million euros) on U.S. conglomerate General Electric for providing misleading… Read More ›
UniCredit preparing to bid for Commerzbank AG
UniCredit’s bid for Commerzbank AG is despite the fact that the latter is negotiating merger talks with Deutsche Bank. UniCredit aims to merger Commerzbank with its HypoVereinsbank. On Thursday, as per a report by the Financial Times, UniCredit SpA is… Read More ›
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