Following a “a federal product exclusion” from the United States government for some of the components and equipment of its next generation of Mac Pro desktop computers, US tech giant Apple Inc has announced that this computer would be manufactured in the US – at a plant Austin, Texas state of the country. Despite the…
The business strategy of the sports apparel company Nike of selling its products directly to consumers is now befitting the company significantly. The footwear and apparel firm recorded a jump of 28 per cent in earnings year on year at $0.86 per share for the three months ending in August. This growth was accounted for…
The accusations against the coffee giant Starbucks by the European Commission that it has been offered illegal state aid through a sweetheart tax deal has been ruled out by an order form the highest court of Europe. However, the same European Court of Justice ruled in another case related to the auto maker Fiat Chrysler…
It would not be necessary for Google to globally apply an earlier ruling that mandated that the United States based search engine giant comply with requests and demands for removal of online links globally, the top court of Europe has ruled. The new ruling essentially limited “de-referencing” of the order to just European Union domains.…
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 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…
