There was a 30 per cent drop in sale for the United States based car major Ford in the Chinese market for the July-to-September period as the second-biggest market of the company has been witnessing a prolonged period of sale drop on across the sector. The company had reported a 35.8 per cent drop in…
The chief executive of the French car manufacturer Renault Thierry Bolloré, has been unceremoniously dismissed by the company with immediate effect. The company has also appointed the current finance director, Clotilde Delbos, of the company an interim chief executive. Earlier this week, the Japanese car maker Nissan, Renault’s industrial partner, appointed a new chief executive.…
Following the emergence of reports about the ten-fold increase in losses at the UK subsidiaries of the embattled office space company WeWork touching £76m last year, the company’s co-founder Adam Neumann is no longer a multibillionaire. It is estimated that as of March this year, the personal assets of Neumann was worth $4.1bn (£3.2bn) and…
With the aim of making a sizable dent in the growing sports gambling market in the United States, two of the largest brands in the online betting industry have decided to join hands and go together. The owner of the world’s largest poker site, PokerStars The Stars Group of Canada, will be bought by Flutter…
After months of rumor making the rounds of the tech world, Microsoft finally acknowledged that there was existence of the Surface Neo , which is the company’s two-screened foldable laptop that has been talked about a lot in the industry in recent times. Panos Panay, Microsoft’s chief product officer, said at an event in New…
There has been a drop of 16 per cent year on year in the third quarter in the global mergers and acquisitions (M&A) activities. According to Refinitiv data this is the lowest level of such activity since 2016 because of increasing uncertainty in geopolitical and economic circumstances which had reduced the intention of companies to…
The stock market debut for the Chinese smartphone maker that has become a dominant player in the African smartphone market has been a major hit. There was a 96 per cent rise in the stock prices of Transsion, which is a leader in Africa’s phone market, soon after its shares were listed publicly at the…
Plans of integrating China’s WeChat Pay and Alipay into its virtual banking platform is being drawn up by Barclays Bank of Kenya,said Andrew Mwithiga, head of virtual banking at the Barclays Bank of Kenya. There is need for the development of seamless channels of payments so that it is possible for users to make payments…
McDonald’s has ultimately decided to enter into the plant-based burger segment. By the end of the current month, PLT, or the plant, lettuce and tomato burger will be set up for 12 weeks in 28 restaurants in south-western Ontario, United States, by the company, McDonald’s has said. The burger chain would be using plant based…
The e-cigarette company Juul is facing a stiff challenge in terms of threats of much greater federal regulations over the industry as there is a growing number of vaping-related deaths in the United States which has forced the ouster of the company’s CEO. Following the exit of the Juul CEO Kevin Burns, he was replaced…
