The level to which Amazon has been able to own unrivalled position of power within the United States federal government has been underscored by the degree of lobbying by its officials, according to a report published in The Guardian. The report claims that the Trump administration was advised by a top Amazon executive in private…
A new move by the Japanese prosecutors against the former Nissan chief Carlos Ghosn has virtually eliminated the chances of being released from jail before Christmas. On Thursday, a plea for the extension Ghosn’s detention by the Japanese prosecutors was turned down by a Tokyo court which was a small legal victory for Ghosn who…
A massive recall of 874,082 vehicles in North America was announced by Ford Motor Co. on Friday for its F-150 and Super Duty trucks on issues of fire concerns and the company would replace an engine block heater cable on the vehicles. This part of the engine is used by drivers in cold winter days…
According to media reports on Thursday, Johnson & Johnson has been asked not to manufacture its baby powder in two of its factories in India by the India’s drugs regulator till such time that test results of its raw materials proves that they are free of asbestos. The Central Drugs Standard Control Organization (CDSCO) has…
Despite the slowdown of the US economy for the third quarter as had been previously shown in government data, analysts believe that the growth rate achieved in this period should be strong enough for the US economy to achieve the 3 per cent growth target that had been set for the year by the Trump…
Plea to extend the period of detention of the former Nissan chairman Carlos Ghosn and Representative Director Greg Kelly by Japanese prosecutors was rejected by Tokyo District Court on Thursday. It is likely that a bail plea would be filed by the lawyers for the two men. Ghosn would be released on bail, if approved,…
The results of a survey conducted by Deloitte released on Wednesday shows that the confidence of senior finance officers at companies operating in China is being pulled down by increasing trade risks. The consultancy organization conducts the survey twice a year among financial executives about their attitudes on trade and business as a part of…
The much awaited blockbuster IPO from Japan’s Softbank has failed to create the impetus in the share market to the level that most had hoped for. There was a sharp drop of 15 per cent in Tokyo in the shares in the Japanese company’s mobile telecommunications unit in the first day of trading after the…
According to a statement by the U.S. Justice Department, German auto parts supplier IAV Gmbh would plead guilty as well as pay $35 million in fines on charges of conspiring with German car maker Volkswagen AG in trying to bypass the tough diesel emission norms in the United States. The Justice Department said that 50…
According to the chief executive of German car manufacturer Volkswagen (VW), the there could be need for the car maker to further augment its strategies for mass production of electric vehicles so that it would be able to address the tougher-than-expected European targets of reduction of greenhouse emissions emitting from cars in the block. This…
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