The international military equipment market is sizzling, with rearmament phases occurring in many countries, and constant increases in technological capacities. But military potential is not limited to industrial capacity to build equipment, as industries also need to develop their capacity to sell their products. Local partnerships, so far, seem the best way to guarantee the…
The announcement of a leadership shuffle at the arts and crafts retailer Michaels saw its shares rise by more than 32 per cent. The company has announced the appointment of Walmart executive Ashley Buchanan as a replacement for its new CEO Mark Cosby. The company said that while Cosby will stay on through April 1…
The German auto giant and the largest car maker of the world Volkswagen is set to achieve production of its millionth battery electric vehicle two years before the time that the company had set for itself, according to the forecasts of the company. Analysts said that this was a clear evidence of the positive result…
The deal for purchasing a stake in the British food delivery company Deliveroo by the United State based e-commerce giant Amazon will face an in-depth investigation by competition regulators in the United Kingdom. The Competition and Markets Authority (CMA) had said this month that the Amazon-Deliveroo deal could harm British consumers. However despite the comment…
Hundreds of crypto-currency related channels have been reinstated by YouTube after the social media platform admitted that those channels had been removed “in error”. Earlier this week, notifications about their videos have breached of the social media platform’s terms of service were received by a large number of YouTubers. Apparently, this move by the company…
GlaxoSmithKline is now taking course in cutting-edge computing to develop medicines in the future and is set to make extensive use of artificial intelligence. It plans to recruit 80 AI specialists by the end of 2020. But recruiting enough AI researchers and engineers from areas such as Silicon Valley is proving to be a challenge…
The Russian government has announced the successful testing of an alternative to the global internet throughout the country. According to the Russian Ministry of Communications, no changes were visibly noticed by the ordinary users of new internet even though it did not offer much more clarity on the details of te test. Russian President Vladimir…
The profits of the makers of Vimto brand of soft drinks, Nicholas, could be hit because of the imposition of a new soft drinks tax in parts of the Middle East, the company said. It was concerned about the 50 per cent taxation on soft drinks in Saudi Arabia and UAE, said the Newton-le-Willows, Merseyside,…
The German luxury car maker confirmed on Monday that it was being investigated by the United States Securities and Exchange Commission. The company however did not provide nay details about the cause or the focus of the investigation. According to reports quoting sources who had knowledge of the purpose of the investigation, the manner in…
The uncertainty and debacle surrounding the 7373 Max planes of Boeing has resulted in the ouster of the company’s CEO Dennis A. Muilenburg on Monday. It was a about a week ago that the United States based plane maker announced it decision to suspend production of its troubled 737 Max airplanes that have been grounded…
business-gurus.com 