Analysts view the move as largely benefiting the conglomerate since it essentially assigns economic values to two distinct business verticals, de-linking its European operations with that of its U.S. business and at the same time boost liquidity. In a strategic… Read More ›
European carmakers, including PSA, Renault, VW and others have posted record sales in November. According industry data publishes on Thursday, car sales in Europe have risen by 5.8% with the PSA Group and Toyota posting the strongest sales among the… Read More ›
The combined company has properties strategically located in 27 of the world’s most alluring retail markets. In what is said to be the biggest takeover of an Australian company to date, France’s Unibail-Rodamco has agreed to acquire shopping mall owner… Read More ›
The battery pack, run by France’s Neoen, is likely to significant ease the blackouts that have been plaguing the state for the last 18 months. However, with the shutdown of big coal-fired power plants in Victoria, a neighboring state, supply… Read More ›
The use of middle men to pursue military sales is having a material impact on Europe’s biggest airplane maker. On Tuesday, Airbus stated it had uncovered serious issues involving the use of sales agents to sell U.S. arms technology. The… Read More ›
Amazon is on the prowl in France. The online retailer aims at entering the country either theough the acquisition route or buying a stake in a French supermarket. French Newspaper Le Monde has reported citing sources familiar with the matter… Read More ›
The likelihood of a deal taking place is higher at this time since GE has lowered its expected selling price to around $2 billion, from its earlier $3 billion plus. As per sources familiar with the matter at hand, GE… Read More ›
The development points to the recognition of burgeoning economic opportunities in the region. On Wednesday, France’s foreign ministry issued a statement which backed the commitments made by U.S. President Donald Trump on maintaining a military presence in Afghanistan. “France recognizes… Read More ›
Alliances with former foes have been instrumental in its phenomenal growth in the U.S. and overseas. In a development that underscores a tactical shift in the U.S. cable business, a growing number of operators are forming business alliances with their… Read More ›
With France and Britain deciding to eventually ban all petrol and diesel vehicles, pressure is building on Germany’s top exporters to tackle long standing issues related to the release of pollutants in the atmosphere. Car executives are set to meet… Read More ›
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