German conglomerate ThyssenKrupp on Friday said that it will no longer be considering a merger with India’s steel giant Tata but will look for a partner so that the company can continue its operations. The German giant will also cut more than 6000 jobs worldwide. It said that there were concerns from the European Commission […]
One of the most startling reports that came out last week from out of the United Kingdom was the one that stated that the country was going to grant Chinese tech giant Huawei permission to build its 5G network. Considering the fact that United States had banned the company after alleging that it is a […]
China has witnessed the slowest rate of expansions, and economic growth is slowing down since the beginning of the Year 2019 which is affecting many industries and businesses. The worst hit sectors were the Auto sector where the profits were down by 37.1 Billion Yuan and the profits of the oil processing industry were 31.7 […]
The Sackler family, which is in charge of the charitable trust Sackler Trust, has been beset with allegations regarding its involvement in the opioid crisis in the United States and as such it has seen its money being handed back by prominent institutions in the United Kingdom. The Sackler Trust is a prominent charitable trust, […]
Activist investors Elliott Management has been involved in a running battle with the hierarchy at Hyundai Motor Group for the better part of almost a year. The American fund wanted the South Korean giant to pay a bigger dividend to shareholders and wanted their own people to be given board seats. To that end, they […]
The recent deadly crashes of Boeing 737 MAX aircraft have placed Boeing Co in the biggest crisis in recent times. A new vice president of engineering has been brought in to help the company deal with the situation. One of the top executives of the company has also been dedicated to the aircraft investigations as […]
