With the strategy of focusing on a smaller group of core businesses and reducing its debt load, General Electric announced the spin off of its healthcare division and its stake in the oil services firm Baker Hughes. With this move, the company brought an end its efforts at simplification of the large structure of the…
Global automakers including Volkswagen’s Audi, Mercedes-Benz, BMW and Jeep are tapping into this market. Of the 1.5 million cars sold in Mexico in 2017, only a tiny fragment were armored. In an interesting turn of events, high levels of violent crimes in Mexico is acting as a growth engine for the country’s car-armoring business, with…
According to the CEO of Society of Motor Manufacturers and Traders (SMMT), Britain’s biggest car manufacturing lobby, “There is growing frustration in global boardrooms at the slow pace of negotiations”. On Tuesday, Britain’s biggest car manufacturing lobby, the Society of Motor Manufacturers and Traders (SMMT), stated the lack of clarity over Brexit has diminished new…
More than $6 billion is hoped to be raised by selling shares in a stock market listing in Hong Kong next month by Xiaomi – amongst the leading smartphone makers of the world. The planned value of the listing was announced by the Chinese tech firm on Saturday. The value is lower than the $10…
In its push to accelerate its venture in the industry segment of battery-powered vehicles, the German sports car brand Porsche acquired a 10 per cent share in Rimac Automobili which is a Croatian manufacturer of electric supercars and components. “Rimac has impressively demonstrated its credentials in the field of electromobility,” Lutz Meschke, finance chief for…
After YouTube faced severe criticisms from bloggers and because of enhanced competition from rival platforms and apps, the social media platform is not adding more methods of making money for video-makers. A large number of video-makers have been complaining with the platform that the changes that have been brought to the advertising policies of YouTube…
It was three years ago that a surge of refugees threatened to overwhelm the European Union. And now the arrival of migrants into Europe is again causing a political crisis. EU leaders are considering on an urgent basis the revamping of the stalled asylum system of the block even though the number of refugees now…
The deal will enable Enel to expand its fibre optic operations to market overseas. On Monday, Europe’s biggest utility Enel stated, it has agreed to acquire a 21% stake in Ufinet International, a Latin American fiber company, for $175 million (150 million euros). The deal includes an option to buy the remaining shares from owner…
For Uber London is a key market since of the roughly 50,000 drivers in Britain, 40,000 operate there. On Monday, Uber is set to go to court as it ramps up its efforts to overturn a decision to strip it of its license in London following a court decision that ruled it was unfit to…
For the first time in its history, financial results were published by French fashion group Chanel this week which showed the credentials of the brand as the largest fashion brand in t world in terms of rale revenues and profit – both of which showed strong growth in 2017. The privately-owned company has always kept…
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