For Nestle, Britain represents its 5th biggest market. In a significant development, Swiss food giant Nestle’s European chief Marco Settembri disclosed, Brexit will have a “very limited effect” on its British business. “We don’t see any disruption in the business,”… Read More ›
In a meeting U.S. Defense Secretary Patrick Shanahan made it clear that Washington will no longer “tiptoe” around China’s aggressive behavior in Asia. According to four sources familiar with the negotiations between the United States and Taiwan, Washington is pursuing… Read More ›
On the bright side, the sales of new energy vehicles have risen by 18.1% in April. In a significant development, vehicle sales in China fell by 14.6% in April, in comparison to the same month a year earlier, in what… Read More ›
The deal sees Britain’s AstraZeneca Plc led by Pascal Soriot sharing development and commercialization costs for the drug worldwide. For AstraZeneca the deal makes sense as it will replenish its pipeline as its cancer drug sales grow. In a significant… Read More ›
Nathalie Loiseau quit her job as European affairs minister and is running for the European Parliament. On Thursday, Nathalie Loiseau, the leader of French President Emmanuel Macron’s European election campaign, stated she opposes trade deals with countries who are not… Read More ›
British lawmakers will be taking a vote on delaying Brexit on March 14 – just two weeks ahead of its scheduled departure. Following British Prime Minister Theresa May promise to lawmakers that she would provide them an opportunity to extend… Read More ›
The effort, aimed at expanding its foothold in the highly competitive Chinese market, will see Starbucks competing with local Chinese startups, including Luckin Coffee. On Friday, Starbucks Corp stated it will be launching a new all-day dining cafe in China… Read More ›
British shops proved their mettle and displayed their resilience in the face of Brexit, with retail sales jumping by a whopping 4.2% in January 2019. Retail sales in Britain rebounded strongly in January with stores, including clothing stores, dishing out… Read More ›
China’s Association of Automobile Manufacturers (CAAM) expects NEV sales to touch at least 1.6 million units in 2019. On Monday, China top automobile industry association stated, carmakers in the country are likely to face fiercer competition in 2019. Its statement… Read More ›
Here’s how a benign New Year tweet by a Huawei’s social media handler uncovered the national underlying discrimination against foreign companies. In a development that provides indirect evidence of the measures Chinese companies take to pressure and force its citizens… Read More ›
