On Sunday, China’s Global Times cited China’s ambassador to the U.S. as saying, China is in the midst of implementing the first phase of the U.S.-China trade pact and hoped that the two could work together to assess the changing… Read More ›
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Tesla can avail state subsidies for its Gigafactory: German economy minister Peter Altmaier
In an interview to a German weekly newspaper, Germany’s economy minister stated, Tesla could avail state subsidies if it were to set up a gigafactory in the country. “In my conversations with (Tesla CEO) Elon Musk I have always made… Read More ›
Consultations with U.S. disaster-related clause in Phase-1 agreement could start after Q1: Global Times
On Thursday, the Global Times, published by China’s People’s Daily newspaper of the country’s ruling Communist Party said, Beijing is weighing the option of using a disaster-related clause in the Phase-1 trade deal with the United States following the outbreak… Read More ›
Brazilian planemaker Embraer SA to shell out $1.6 billion to $1.7 billion in extraordinary dividends
The bulk of proceeds stem from the Embraer SA’s recent deal with Boeing, wherein the latter took a 80% stake in the commercial aircraft business of Embraer. The move is expected to reshape the global passenger aircraft industry. As per… Read More ›
Whistleblower to alleged money laundering at Danske Bank’s Estonian branch to testify on Nov 21
Howard Wilkinson – the former head of Danske Bank’s trading business in the Baltics is scheduled to testify before the European Parliament’s special committee on financial crimes, tax evasion and tax avoidance on November 21, 2018. On Tuesday, Dane Jeppe… Read More ›
Tronc Inc to sell Los Angeles Times to Patrick Soon-Shiong
With evolving times, the newspaper industry is facing severe headwinds against the digital print industry, and the sale is largely reflective of that struggle. As per a source familiar with the matter at hand, Tronc Inc, owner of Los Angeles… Read More ›
Apple facing 8 lawsuits for wanton slowing down of iPhones
The lawsuits, affecting the iPhone 6, iPhone 6s, iPhone SE and iPhone 7, seek unspecified damages, and in some cases reimbursement and even barring Apple to throttle the performance of its iPhones. Following Apple’s admission of slowing down ageing iPhones,… Read More ›
Cybercrimes raises its ugly head in Germany
In 2016 German law enforcement agencies have filed 253,290 cases related to cybercrimes. As per a German newspaper, Germany’s law enforcement agencies in 2016 had registered 82,649 cases of espionage, computer fraud and other cybercrimes in 2016, an increase of… Read More ›
Zenith Optimedia predicts ad revenues to hit $50 billion by 2019
In an increasingly digital world, businesses will shift their advertising strategy from traditional sources to mobile electronic ones. The leading forecaster has stated that advertising revenues from electronic mediums are likely to exceed traditional sources by 2020. Zenith Optimedia, owned… Read More ›
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