Business

• Home
• News
• business

Tiffany profit misses estimate on weak demand in the United States, Hong Kong

06-12-2019

On Thursday,, Tiffany & Co., the New York City-based American luxury jewellery and specialty retailer, had revealed its quarterly profit for Q3, 2019, that missed an analysts’ estimate by a shocking margin

Boeing Says 737 MAX grounding could force it to cease production

06-12-2019

In the wake of a substantial extent of regulatory requirements alongside a much-longer than anticipated delay in returning Boeing Co.’s best-selling 737 MAX into service might force Boeing Co. to slash or half production momentarily

Billionaire Stroll seeks controlling stakes in Aston Martin, shares sky-dive 17%

06-12-2019

Canadian billionaire, Lawrence S. Stroll, 60, owner of the Formula 1 team Racing Point, had been preparing a bid to purchase a majority stake of British independent luxury carmaker, Aston Martin

J&J says new tests show no asbestos in Johnson’s Baby Powder

06-12-2019

On Tuesday, the 4th of December 2019, New Jersey-based American multinational corporation Johnsons & Johnsons said that the recent tests on J&J’s baby talc powder found no trace of cancer-causing asbestos

Hyundai Motor unleashes $52 billion in fresh investment as e-vehicle push

06-12-2019

On Wednesday, the 4th of December 2019, Hyundai Motor Company said that it had been sketching out a plan to inject as much as $51.81 billion (61.1 trillion South Korean Won) into the company as fresh investments over the next five years

Ryanair warns of base closure, job cut on delay in Boeing Max delivery

06-12-2019

On Wednesday, the Irish budget airline, headquartered in Dublin, Ryanair Holdings Plc. had made a public announcement saying that the Irish airliner would receive only half of its slated 20 Boeing 737 Max deliveries in time

OPEC presses for deeper oil cuts, Russia yet to agree

06-12-2019

OPEC members had been gearing up pressure on Russia to extend crude oil output curb further by 400,000 barrels per day to 1.6 million barrels a day

Tesla Model X wins 5-star rating from European safety agency

06-12-2019

On Wednesday, the 4th of December 2019, the Cupertino, CA-based multinational electric vehicle manufacturer, Tesla Inc. was awarded a five-star rating by the European New Car Assessment Programme (NCAP)

Airbnb to process EU payments via Luxembourg as Brexit looms

05-12-2019

Airbnb, the San-Francisco, CA-based online marketplace, would roll out a new payment system for the hosts and guests from the European Union through Luxembourg by 2020

Saudi Aramco seeks war-related insurance cover after September attacks

05-12-2019

Saudi Aramco, the state-backed oil giant of the Kingdom of Saudi Arabia, had been seeking to purchase insurance against war- and terror-linked damages following a cascade of catastrophic drone attacks in September

Google co-founders step aside as Pichai takes charge of parent Alphabet

05-12-2019

Larry Page and Sergey Brin, the long-hailed co-founders of Google LLC., had decided to step aside and to hand over its parent company Alphabet Inc. to Google CEO Sundar Pichai

CNH Industrial’s Iveco unleashes first electric truck in JV with Nikola

05-12-2019

Late on Monday, Iveco SpA, the Turin, Italy-based industrial vehicles manufacturing company, had unleashed its first electric truck, the Nikola Tre, manufactured in a joint venture with a US-based start-up Nikola Motor Co.

Nokia names veteran Sari Baldauf as group boss to take on 5G challenge

05-12-2019

On Tuesday, the Finnish telecom equipment manufacturer, Nokia Corp. had issued a statement saying that telco group had been sketching out a plan to appoint its former network chief and a long-time veteran, Sari Baldauf, 64, as the group’s Chairman

Volkswagen headquarter ransacked again on emission cheating scandal

05-12-2019

On Tuesday, the 3rd of December 2019, a bunch of German public prosecutors had raided the Volkswagen AG’s headquarter in Wolfsburg, Germany, in a bid to gather further intel regarding the automaker’s diesel emission cheating scandal

White House considers kicking Huawei out of US payment system

05-12-2019

US President Donald Trump alongside his administration had been mulling an option to bar the China’s telecom gear manufacturer, Huawei Technologies’ access into the US payment system

Goldman Sachs to launch new products and services on Amazon’s cloud

05-12-2019

On Tuesday, Goldman Sachs CEO David S. Solomon said in a conference that the leading US lender would roll out its new technology-based financial products alongside services for its institutional clients over the Amazon’s Cloud as early as next year

US solar industry to loss 62,000 jobs due to Trump's tariffs

04-12-2019

US Solar industry had been losing out of steam and would likely to miss an opportunity to create as many as 62,000 jobs and to yield a hefty sum of $19 billion as fresh investments into the industry

France, EU to take on US over tariff threat on Champagne, Cheese

04-12-2019

On Tuesday, adding further strains on a US-EU relationship clinging on to a thin rope, the European Union and France said that they were prepared to retaliate if the US White House acted further over a threat to hike tariffs on French luxury goods

Alibaba raises another $1.7 billion in over-allotted shares in Hong Kong listing

04-12-2019

On Tuesday, the 3rd of December 2019, Alibaba had issued a public statement saying that the Chinese e-commerce retailing giant had raised an additional $1.68 billion by employing an option to over-allot its shares in its Hong Kong secondary listing

China’s facial recognition roll out reaches mobile phones, shops and homes

04-12-2019

Late on Sunday, the 1st of December 2019, China had imposed a new regulation that would require Chinese data carriers to scan faces of their users registering for new data services

Saudi wants OPEC+ to extend output curbs ahead of Aramco IPO

04-12-2019

OPEC (Organization of Petroleum Exporting Countries), a 14-member organization of crude oil exporting nations, alongside its allies were exploring an option to extend a crude output curb at least until June 2020

Nissan appoints new CEO, rules out closer capital tie-up with Renault

04-12-2019

On Monday, the 2nd of December, Japanese automaker, Nissan Motors Co. appointed a new Chief Executive, Makoto Uchida, replacing Hiroto Saikawa who had served just over a year in Nissan

US digs deeper into Deutsche’s role in money laundering scandal

04-12-2019

The United States Department of Justice, a federal executive department for the US government, had made a substantial scale of progress on Deutsche Bank’s role in a €200 billion money laundering scandal

Trump slaps metal tariffs on Brazil, Argentina

03-12-2019

On Monday, the 2nd of December, the US President Donald Trump had snapped the largest Latin American economy, Brazil alongside the fourth-largest Argentina, with added tariffs on steel and aluminium imports

Former Honeywell CEO in talks to purchase Vertiv at $5 billion buyout deal

03-12-2019

GS Acquisition Holdings Corp., a company led by former Honeywell International Inc. chief executive David Cote alongside backed by the leading US lender Goldman Sachs Group Inc., had been in an advanced-stage talk to acquire Verviv

1

3

10

50

92