In a statement FedEx Corp said, it has named Raj Subramaniam, its operating chief, as its new CEO with effect from June 1, 2022. Subramaniam will succeed FedEx founder Fred Smith, who started the global delivery conglomerate in the 1970’s. Subramaniam,… Read More ›
On Tuesday, French President Emmanuel Macron unveiled a five-year, $35 billion (30 billion euro) investment plan aimed at providing much needed support to champions of domestic industry and to support innovation. “We must wage the battle of innovation and industrialisation… Read More ›
In a statement, the mayor of Florida said, Elon Musk’s Boring Company has submitted a bid to build an underground transit system between downtown and the beach in Fort Lauderdale. “This could be a truly innovative way to reduce traffic… Read More ›
In a significant development, the European Union’s banking watchdog stated, starting from next year banks in the Eurozone would have to publish a pathbreaking “green asset ratio” (GAR) as a core measure of their climate-friendly business activities. With investments in… Read More ›
On Thursday, in a significant development, Chinese President Xi Jinping stated, Beijing will reduce its tariffs and expand imports of high-quality goods and services; he also vowed to push reforms and promote an innovation-driven growth model. The development comes in… Read More ›
In a significant development, Chinese Ant Group’s record $37 billion initial public offering has been suspended with Chinese regulators describing the move as reasonable and necessary. The suspension was just days before its dual debuts in Hong Kong and in… Read More ›
In a briefing to the media, Swiss giant Nestle said, it has made considerable progress to increase the share of recyclable packaging for its products to 87%, making its 100% goal by 2025 within reach. The development marks examples of… Read More ›
Tesla has posted its second quarterly profit in a row following a record number of vehicle deliveries; it said it expects to deliver more than 500,000 units in 2020. With the news reaching the market on Wednesday, the electric carmaker’s… Read More ›
This investment of several million euros by L’Oreal is alongside several companies including Cisco, Nokia and Accenture marks the French giant’s embrace of digital technology which not only caters to beauty products but also educates consumers in the process. French… Read More ›
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