With a focus on catching up with rival companies in the area of self driving vehicle technologies, its largest overseas investment will be made by the South Korean carmaker Hyundai Motor Group. The company said that it would invest $1.6 billion in a joint venture with Aptiv for development of technology for self driving vehicles.…
The highest and fastest drop in manufacturing output in nearly seven years was experienced by the eurozone economy in September because of the slowdown in global trade and threat of the no-deal Brexit which brought the economy of the zone to a near standstill. The bad performance of the eurozone economy was led by negative…
The Indian government’s so-called demonetisation drive in November of 2016 was a polarising, radical undertaking. Modi and his ministers would have people believe that it was a success. However, the sudden overnight cancellation of all 500- and 1000-rupee bank notes sewed chaos across the nation of 1.3 billion people. The damage to the Indian economy…
The United States is trying to bring down the heat of the trade war with China. Soon after the completion of the fresh round trade talks between the deputy trade representatives of the two countries, the US announced a long list of Chinese-made goods that would be excluded from the import tariffs that had been…
Over the next two years, United States based search engine giant Google will make investments of 3 billion euros (3.3 billion U.S. dollars) toward expansion of its data centers in Europe, said the company’s CEO Sundar Pichai on Friday at Helsinki. About 15 billion euros has been invested in Europe by Google since 2007, Pichai…
Even though a number of financial regulators across the world have given a cold shoulder to the social media company Facebook’s planned launch of a cryptocurrency, it said that it would push ahead with the planned launch next year. This was confirmed by an executive incharge of overseeing the project to the Swiss newspaper NZZ.…
The proposed pay deal for the chief executive of Ryanair Michael O’Leary was opposed to by almost half of the shareholders of the company. O’Leary was proposed to be paid a compensation of €99m. The company’s remuneration report was voted in favor by only 50.5 per cent of the shareholders of the company, said the…
The now well known alternative meat products company, United States based Impossible Foods is set to venture into the area of selling its products through physical stores, with the first store of the company set to be launched in California, US, later this week. The store will deliver Impossible Burgers to customers for cooking at…
A crisis for the legal cannabis industry could occur because of the reliance of the industry on vaping for an estimated quarter of its business in some states of the United States after the recent spate of vaping-related illnesses and deaths. Some experts of the industry however are of the opinion that the issue of…
There has been an increase in demand for advice on how to handle the Brexit crisis with the accountancy and consulting firm PwC which has partly helped the firm to reach profits of more than £1bn and consequently the partners at the firm will be paid an average of £765,000 this year. An average of…
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