Faced with dissent and protests from local trades and businesses in India, Amazon.com Inc chief Jeff Bezos made an announcement of the company making an investment of $1 billion in the country with the aim of aiding the small and medium businesses to come online. The company boss also committed that by 2025, it would…
A study published by the activist group Avaaz claimed that climate misinformation was being founded by some of the biggest companies in the world through advertisements on video sharing social media platform YouTube. Climate misinformation was actively being promoted by over 100 brands through advertisements running on YouTube videos on the site, the group found.…
Boeing needs to better its corporate culture and amend its business, said that the company’s new CEO Dave Calhoun. A pledge to listen to employees, customers and regulators was given by Calhoun in a letter to the employees of the company after he started at his new role as the CEO of the company starting…
A deal that it had entered into for developing a huge coal mine in Australia will be completed by it, said the German engineering giant Siemens, even as it faced protests on the issue by climate activists. The open cast mine under scrutiny is owned by India’s Adani group and is located in Queensland. It…
According to news report published in Japan, there are concerns at the Japanese auto major Nissan that its relationship with the French auto giant Renault have turned dysfunctional following the arrest and ouster of Carlos Ghosn, the boss of both the companies, and as such executives at the Japanese company have contemplated the potential of…
A fine of $5.4m is planned to be sought from Boeing by US regulators over charges that the company had “knowingly” installed faulty parts on its 737 Max planes. In recent times, there was revelation of internal messages of the company which resulted in questions being raised about the safety of the 737 Max planes…
After the United States decided to impose tariffs on Europe-made planes with a resultant threat that the costs of the planes would increase for those US customers who has purchased aircraft from the European plane maker Airbus, the company has announced that it had decided to increase production of its A320 narrow-body jetliners that are…
The planned rollout of 5G networks in the United States and the United Kingdom has been impeded by an international controversy surrounding the largest manufacturer and supplier of 5G telecommunication equipment – Chinese tech giant Huawei. National security fears have prompted the US to put a ban on purchase and use of telecom equipment from…
Japanese tech based investment group SoftBank Corp intends to increase its investments in Indonesia, said the group’s founder and CEO Masayoshi Son after a meeting with the country’s President Joko Widodo. “We don’t discuss the specific numbers yet, but new smart city, newest technology, clean city, with a lot of AI, that’s what I’m interested…
German luxury car maker Daimler’s Mercedes-Benz passenger cars is set to become the biggest-selling premium car brand of the world for 2019 after the company announced that it had sold 2.34 million of the cars worldwide which also marked record sale of the brand for the ninth consecutive year. The title of the best-selling luxury…
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