As German Far Right Sees Surge In Support, Merkel’s Conservatives Suffer Worst Election Result Since 1949

Provisional election results in Germany point to a worse-than-expected majority for the German chancellor even as Angela Merkel’s conservative bloc will be the largest party in the next German parliament. 33 percent of the vote was won by Merkel’s center-right Christian Democratic Union (CDU) and its Bavarian sister-party the Christian Social Union (CSU). But lower…

The EU surges ahead in its bid to find a common tax base across its member states

With the world’s richest nations dragging their feet on ways to find a common solutions on how to tax digital companies, including Facebook and Google, the European Commission has surged ahead in a bid to block some of the world’s wealthiest companies to exploit existing tax regulations to their favor. On Tuesday, U.S. companies operating…

Alibaba Group Holding expands its Southeast Asian footprint by partnering with Singapore-based Lazada Group

With the emerging e-commerce boom tapping only a fraction of retail brick and mortar sales, the vast potential for e-commerce has made Southeast Asia a battle ground for the world’s top online sellers, who are rapidly expanding their footprint in order to corner more marketshare. In a movie that marks the expansion of partnership between…

Zurich-based ABB to acquire GE’s Industrial Solutions business for $2.6 billion

ABB sees a yearly potential for cost synergies of $200 million arising as a result of this acquisition. On Monday, Swiss engineering giant ABB stated it will be acquiring General Electric’s Industrial Solutions for $2.6 billion. The deal is help expand its footprint in the North American market. As a result of the deal, Zurich-based…

Speaking On Trade Dispute With Bombardier, Boeing Defense CEO Says: ‘We’re Not Going To Back Down’

With Boeing giving signals that it intends to stand its ground, the trade dispute between Boeing and Canadian rival Bombardier is heating up. “This commercial trade dispute is very important to us. We’re not going to back down from it,” said Leanne Caret, CEO of Boeing’s defense, space and security business, in a television interview.  “I hope…