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BMW Sets its Plan to Be Primary Foreign Automaker to Control China JV
Company - Jul 13, 2018
BMW AG stands to become the first foreign car manufacturer to own a majority in a Chinese joint venture. The Munich-based luxury-car maker plans to unveil the new ownership structure of its venture wi
Cryptocurrency start-up aches security crack leading to theft worth $13.5 million
Market - Jul 11, 2018
Bancor, an Israeli start-up, issued a statement to report that its cryptocurrency wallet had been breached; a theft worth $12.5 million in digital currency (ethereum) along with $1 million worth of a
Nissan declares falsified emissions tests in factories situated in Japan
Automotive - Jul 09, 2018
The Japanese carmaker Nissan Motor Co., involved in a vehicle-inspection scandal last year, admitted that an internal investigation found forged exhaust emission involving five local factories.
Boeing Proposed an Amazing Aircraft deal with Brazil's Embraer
Company - Jul 06, 2018
Boeing Co. bump into a deal for a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75 billion joint venture, the firms confirmed on Thursday.
HTC executes almost 1,500 job cuts from its global workforce
Company - Jul 05, 2018
Taiwanese smartphone-maker, HTC, cuts 1,500 jobs in a move called as “realignment of resources”.
Smartphone Giants Apple and Samsung Resolve their Seven Long Years Fight
Company - Jun 29, 2018
Apple and Samsung Electronics have finally reached a decision in their US clear battle, ending a seven-year fight over smartphone designs that crossed the globe.
Britain's biggest pub chain runs short of certain beer brands due to CO2 shortage
Market - Jun 28, 2018
Britain's largest pub group reveals that some outlets are lacking the stock concerning several beer brands; this situation has risen due to CO2 gas shortages impacting the food & drink sectors
Mercedes maker Daimler Issues Profit Warning Due to US-China trade clash
Automotive - Jun 22, 2018
Market shares in Europe’s biggest automakers have fallen abruptly in early trading after Daimler issued a warning that its profits would be knockout this year by new Chinese tariffs on US import
Asian economies under threat due to U.S.-China trade war
Market - Jun 21, 2018
As per economists, Asian economies including Taiwan, Southeast Asia and South Korea could be majorly impacted if trade rigidities between China and the U.S. further worsen.
China’s industrial output declined below May expectations
Economy - Jun 18, 2018
As per statistics gathered last Thursday, China's industrial output produced 6.8 percent in May as compared to a year earlier, missing expectations, whereas fixed-asset investment growth decelerat
Johnson & Johnson struck with biggest trial as talc-based products caused cancer
Medical - Jun 12, 2018
A lawsuit filed against Johnson & Johnson by 22 ovarian cancer patients went on trial in Missouri state court on Wednesday; the trial is likely to last until mid-July.
A Privacy Setting Bug in Facebook Application affects 14 million users
Company - Jun 08, 2018
On Thursday, the world’s Largest Social Media Company Facebook has revealed that it had again failed to keep the information private of millions of user’s.
U.S. consumer spending swells more than expected in April
Economy - Jun 01, 2018
According to the Commerce Department, U.S. consumer spending rose more than expected in April; personal spending grew strongly by 0.6 percent from the expected value of 0.4 percent.
Warren Buffett Investment Plan of $3 Billion in Uber Technologies Inc. Failed
Company - May 31, 2018
Non-Tech Investor Warren Buffett has been in talks these days because he had planned to invest $3 billion in Uber Technologies Inc. earlier this year, but the talks failed following disagreements over
BMW & Tesla electric vehicles perform below the expected mark in fresh crash tests
Automotive - May 25, 2018
The Insurance Institute for Highway Safety (IIHS) conducted a new phase of crash tests in which both BMW i3 and Tesla's Model S couldn’t acquire satisfactory scores as compared to other elec
Bank of Latvia head held in anti-corruption probe
World - Feb 19, 2018
Latvia’s central bank governor was held by the country’s anti-corruption agency; his house and offices under Bank of Latvia were raided by officers.
U.S. inflation rise as consumer prices surge in January surpassing expectations
Market - Feb 15, 2018
US consumer prices rose faster than expected in January, a sign of firming inflation that bolstered expectations of higher interest rates.
Airbus takes fresh $1.6 billion charge linked to A400M military plane
Company - Feb 15, 2018
The European airplane designer, Airbus, has been hit by a €1.3bn (£1.2bn) charge associated to its troubled A400M military transport plane.
Barclays Bank charged by SFO concerning Qatar loans
Company - Feb 13, 2018
The Serious Fraud Office (SFO) has accused Barclays Bank for a $3bn Qatar loan sanctioned in 2008; “unlawful financial assistance” is the issue Barclays has been charged with.
Elon Musk launches Falcon heavy rocket carrying Tesla’s sport car
Technology - Feb 08, 2018
On Wednesday, Elon Musk’s cherry red sports car manufactured by Tesla together with ‘Starman’ were launched over Falcon heavy rocket from Kennedy Space Center in Florida.