In a statement Britain said, it has begun supplying anti-tank weapons to Ukraine to help defend itself from a potential invasion. The development comes in the wake of Russia amassing troops near the Ukrainian border. Western countries fear Russia is… Read More ›
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Honda to stop selling autos in Russia from 2022
On Wednesday, the Russian subsidiary of Honda Motor Co said it would stop supplying new cars to official dealers in Russia in 2022. The move is part of the company’s efforts to restructure its operations. Honda has clarified that it… Read More ›
DoJ clears Uber Technologies Inc’s bid to acquire Postmates for $2.65 billion
According to sources familiar with the matter at hand, the U.S. Justice Department has approved Uber Technologies Inc’s acquisition of Postmates, a food delivery company. Earlier in July, Uber had announced that it would acquire Postmates for $2.65 billion in… Read More ›
Huawei cuts investments and jobs in Australia
In a statement embattled Chinese telecom network maker Huawei Technologies Co Ltd said, it will be cutting more staff from its Australian operations midst strained relations between Canberra and Beijing. Huawei will also trim its investments in the country. In… Read More ›
Swatch threatens to pursue damages over Swiss competition authority move to cut off its revenue source
Following a statement from the Swiss competition authority, COMCO, saying it wants to prohibit the Swatch Group from supplying watch mechanisms to other companies during 2020, Swatch, the world’s biggest watch maker, has threatened to pursue damages. “The provisional measures… Read More ›