Business

• Home
• News
• business

S&P cuts cruise operator Moby’s rating to ‘Selective Default’ after Feb. pay off miss

17-02-2020

On Friday, the 14th of February 2020, the global credit rating agency S&P, often contemplated as one of the top three global rating agencies alongside Fitch and Moody’s, had downgraded the credit rating of

US raises tariffs on European aircrafts in Airbus subsidy dispute

17-02-2020

Late on Friday, the 14th of February 2020, the US Government had issued a statement saying it was going to heighten up duties on Europe-made aircrafts to 15 per cent from a prior 10 per cent

Airbus defence division set to begin talks on potential job cuts

17-02-2020

Airbus SE’s Chief of Defence and Space, Dirk Hoke said in an interview with a press agency reporter that he was looking to start off negotiations with the labour representatives as early as next week for a number of potential job cuts

French President Macron to offer EU access to North Macedonia, Albania

16-02-2020

On Saturday, the 15th of February 2020, in a dramatic turn of events for the post-Brexit European Union, France’s Centre-left President Emmanuel Macron said that he would let Albania and North Macedonia start off talks on joining the EU

Indian court stalls Amazon, Flipkart antitrust probe, says lawyer

16-02-2020

An Indian antitrust probe on world’s No. 1 online retailing giant Amazon.com Inc. alongside the world’s largest online and brick-and-mortar retailer Walmart Inc.-owned Flipkart had been put on hold by an Indian court in Bangalore,

FCA halts production in Serbia on China supply chain disruption

16-02-2020

On Friday, the London-based Italian American carmaker, Fiat Chrysler Automobiles NV, often abbreviated as FCA, had made an announcement saying that the leading global automotive industry giant was forced to halt its Serbian production line

Saks Fifth Avenue plans expansion into bankrupted Barneys’ Los Angeles store

16-02-2020

Saks Fifth Avenue had been brewing off an option to expand its LA fashion chain stores in to Barney’s Beverly Hills shop

Renault reports first annual loss in decades, forecasts flat 2020 profit

16-02-2020

On Friday, the 14th of February 2020, the French carmaker Renault SA, of which the French government holds a 15 per cent stake, had reported its first annual loss in a decade

Google in talks with publishers to pay for premium news content

16-02-2020

American multinational tech conglomerate Alphabet Inc.-owned Google LLC., world’s No.1 internet service provider had been in talks with a number of publishers over a licensing fee for premium news products

Nissan totters to 10-1/2 years low in post-earnings’ sell-off, slashes dividends

16-02-2020

On Friday, the 14th of February 2020, NYSE-listed shares’ prices of the Japanese carmaker Nissan Motor Co. were plummeted to their lowest level in more than a decade

Delta to invest $1 billion to curb global air travel’s climate impact

16-02-2020

On Friday, Delta Air Lines, the Atlanta-based American aviation industry major, had issued a statement saying that the US airliner would lay off as many as $1 billion over the next decade in a bid to curb the environmental impacts of global air travel

MGM Resorts-led syndicate expected to win Osaka Casino Project

16-02-2020

Earlier on Friday, the Japanese Govt. had issued a statement saying that a consortium led by the US entertainment industry giant, MGM Resorts International based on Las Vegas, had been the leading bidder for a planned integrated casino complex in Osaka

Fitch downgrades Kraft Heinz credit rating to ‘junk’, shares nosedive 8%

16-02-2020

On Friday, credit rating agency Fitch, often contemplated as one of the big three credit rating agencies alongside S&P and Moody’s, had slashed the Chicago-based American multinational processed food manufacturer, Kraft Heinz’s credit rating to ‘

Commercial jet buyers back Boeing-Embraer deal as Airbus swallowing aviation industry

15-02-2020

A bucket of world’s biggest commercial aircraft buyers likes of AerCap, the largest buyer of jets across the globe, had been urging the EU to clear the US planemaker Boeing’s tie-up with Sao Paolo-based Brazilian aerospace conglomerate Embraer SA

Nvidia stuns analysts with strong quarterly results, shares soar 8%

15-02-2020

On Friday, the 14th of February 2020, the Santa Clara, CA-based semiconductor industry tycoon, long-hailed for its gaming graphics processor units (GPU), had reported an astounding quarterly result for Q4, 2019

Volkswagen makes €830 million compensation proposal to German buyers

15-02-2020

Volkswagen AG, the Wolfsburg-based Europe’s largest and the world’s leading carmaker said in a statement on Friday that the German automotive industry Goliath would compensate the owners of its heavily polluting diesel-run vehicles

UK regulators thwack Tesco for unfair prevention of rival store opening

15-02-2020

On Friday, Britain’s competition watchdog had issued a statement saying that the biggest retailer of Britain, Tesco Plc., headquartered on Hertfordshire, had unfairly prevented major hypermarket chains to open outlets near its stores

Kraft Heinz misses forecast after $443 million in charges, Maxwell House write-down

15-02-2020

Kraft Heinz Co., the third-largest in the Northern America and the fifth-largest across the globe that posted an annual sale of $26.2 billion back in the 2018s, revealed its quarterly earnings’ report for the fourth quarter of 2019

US prosecutors accuse Huawei of stealing trade secrets, dealing with N. Korea

15-02-2020

On Thursday, the 13th of February 2020, adding further strains in to a friable US-China trade relationship, US prosecutors had added two more charges against the world’s No. 1 fifth-generation telco gear maker, China’s Huawei Technologies

Google’s battles against $2.6 billion EU antitrust fine face off steep headwind

15-02-2020

On Thursday, Alphabet Inc.-owned world’s No. 1 internet service provider, Google LLC., headquartered on Menlo Park, CA, had been met with a cataclysmic setback at some point of its court battle against a $2.6 billion EU anti-trust fine

Alibaba warns of e-commerce revenue hit on coronavirus epidemic concerns

14-02-2020

On Thursday, Alibaba Group Holding Ltd. had made an announcement saying that it had been anticipating a steep drop at its revenues from its e-commerce businesses during the first quarter of the year

Airbus raises full-year forecast after bribery settlement wipes out 2019 earnings

14-02-2020

On Thursday, the 13th of February 2020, the Leiden, Netherlands-based European planemaker, Airbus SE, the world’s largest aircraft carrier maker, had released a downbeat annual earnings’ report

Loyal and ready to ramp up spending, meet UK’s new Finance Minister Rishi Sunak

14-02-2020

A 39-year-old former Goldman Sachs executive, who was not even a parliament member five years ago, Rishi Sunak, had been appointed as the world’s fifth-largest economy’s Finance Minister on Thursday

Be prepared to face an unexpected economic slowdown, EU to G20

14-02-2020

The Finance Ministers of the European Union, a 28-nation pact of European nation, had sent a confidential text to their G20 counterparts saying the world’s most industrialized countries should brace for a large-scale global-scale slowdown

PM Johnson upholds control over UK Government as Finance Minister Javid quits

14-02-2020

On Thursday, the 13th of February 2020, UK PM Johnson had forced the departure of his Finance Minister Sajid Javid who had been more contentious on increasing public spending as part of Britain’s 2020-21 budget

1

3

10

50

100

112