European auto sales decline in June, Nissan, Volvo & FCA led the doom
On Wednesday, the 17th of July 2019, sales data on European automotive industry had revealed that car sales on June had slipped by 7.9 percent in Europe
Business
Amazon under fire from EU antitrust over use of reseller data
On Wednesday, the 17th of July 2019, the world’s largest online retailer, billionaire Jeff Bezos’ Amazon.com Inc., had become a target of an EU antitrust probe over its usage of merchant data
US lawmakers challenge Facebook over project Libra cryptocurrency plan
US lawmakers had whacked David Marcus, CEO of Facebook’s blockchain program, Calibra, at a Senate panel hearing with a wave of unscrupulous questions over Facebook's plan of introducing a new cryptocurrency
Israel and India sign defence deal worth $50 million
Israel Aerospace will provide maintenance and other necessary services to its missile sub-systems used in Indian naval roster
BSE, NSE soar upwards, Indiabulls highest gainer on Nifty
The State Bank of India also posted gains on the day's trading
South Korea’s forced labor victims seek Japan’s Mitsubishi asset sale
South Korean forced wartime labor victims of World War II had been seeking a court order to forcefully liquidate some assets of Japan’s heavyweight automaker Mitsubishi
Vodafone misleads customers over digital purchases: Australian Watchdog
On Tuesday, the competition watchdog of Australia said that Vodafone Australia, a subsidiary of Vodafone Plc., had acknowledged that it misled thousands of Australian customers for five years by charging them extra for digital content
US misled people, said China need trade deal due to slow economy: Beijing
On Tuesday, the 16th of July 2019, aggravating a growing acrimony, Foreign Ministry of China said that it was misleading of United States to suggest that Beijing required a trade deal to avert shortcomings of its slowing economy
Experian’s quarterly revenue rises 4% on North America boost
On Tuesday morning, Experian Plc., the Irish consumer credit reporting company, headquartered in Dublin, Ireland, widely viewed as the biggest data credit company in the world, had reported a 4 percent climb in its quarterly revenue
Tesla drops cheaper Model X, S variants, slashes prices to simplify lineups
On Tuesday, the 16th of July 2019, the California-based electric vehicle maker, headquartered in Palo Alto, had issued a statement saying that it had adjusted prices across almost all of its models
Bayer shares up 2.54% after US Roundup verdict
Shares prices of Bayer AG rose as much as 2.54 percent in pre-market trading to 59.83 euro per share on Tuesday after a US judge had trimmed punitive damages awarded to a California plaintiff
China June industrial output beats forecast; coal output hits record high
On Monday, data released from China’s commerce department had revealed that the tariff-war-struck nation’s industrial output had grown 6.3 percent last month on a year-on-year basis, leaning towards a stabilization after May’s 17-year low figure
PSA sales nosedive on emerging-market mishaps
On Monday, the 15th of July 2019, Groupe PSA, had issued a statement saying that Peugeot-maker’s sales had dropped by 12.8 percent during the first half of the year
US to bar big tech companies from offering financial service, crypto
A proposal to large technology companies from operating as a financial institution or digital currency issuer had been breezing through the House of Financial Services Committee, led by the Democratic majority
China’s Xiaomi rolls out chip industry revamp with semiconductor investment
China’s Xiaomi Corp., world’s third-largest smartphone vendor, behind South Korea’s Samsung Electronics and China’s Huawei Technologies, had agreed to purchase a six percent stake on chip designer VeriSilicon Holdings
US firms may receive go-ahead signal for Huawei sales in 2-4 weeks
Office of United States Trade Representative (USTR) might start-off approving licenses for China’s tech tycoon Huawei’s US suppliers as little as in two to four weeks, a senior US official said on Sunday
Alleged Taliban threat forces Afghan radio channel to shut shop
Samaa used to operate out of Ghazini which is majorly controlled by the Taliban
China soybean import shrank sharply on trade war, deadly pig swine fever
On Friday, the 12th of July 2019, China customs’ data had revealed that the nation’s soybean import was curbed by more than eleven percent in June from a month earlier
India’s e-commerce rules regressive, Walmart neighs to US government
US-based retailing industry giant, had sent a formal complaint to US government on last January saying that India’s new e-commerce rules were very regressive
Airbus aims to sell 1,000 planes in Latin America, Caribbean over 15yrs
World’s second biggest aerospace and defense company, Airbus SE, behind United States’ Boeing Co., headquartered in Leiden, Netherland, had been targeting to sell more than 1,000 new passenger planes over the next one decade and a half
US producer prices soar modestly, inflation timid
On Friday, the 12th of July 2019, data released by US Labor Department had revealed that US producer prices had witnessed a slight upsurge for second straight months in June
WPP to sell 60% Kantar stake to US-borne Bain capital
On Friday, WPP Plc., the debt-laden British multinational advertising and public relation company headquartered in London, had agreed to sell a 60 percent kantar stake to a Massachusetts-based private investment firm, Bain Capital
Barneys New York explores chapter 11 bankruptcy protection
Barneys New York Inc., an American chain of luxury department stores, headquartered in New York city, had been probing multiple financial measures which also include a chapter 11 bankruptcy protection
VW’s $2.6bn investment lifts Argo into big leagues of self-driving firms
On Friday, the 12th of July 2019, the German carmaker, based on Wolfsburg, had issued a statement saying the German carmaker had agreed to a $2.6 billion investment on Ford Motor Co.’s autonomous driving wing
Thomas Cook nears package-tour business sell-off, shares crash 59%
Thomas Cook, the British travel company headquartered in London, said on Friday, that the travel company had been in an advanced stage talk to sell-off of its package-tour business to China’s Fosun Tourism
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