There can an exodus of foreign executives working in the Japanese auto maker Nissan linked to the former and now jailed boss o f the company Carlos Ghosn, warn industry analysts following the sudden resignation of Jose Munoz who is amongst the highest-ranking foreign executives working with the company. This, they say, can be a…
With the shrinking of the global smartphone market, the force is being most felt by two of the biggest players. Warnings of a drop in sale and consequently profits for the last quarter of 2018 have been issued by both Apple and Samsung. Additionally, another South Korean tech company LG issued warning of a drop…
A major restructuring plan its operations in the UK and mainland Europe will be implemented soon by US carmaker Ford. The new plan is anticipated to result in job losses for thousands throughout Europe with a limited impact on the UK. But the company would also undertake a fresh evaluation of its UK operations in…
An adviser to the EU’s top court has said that outside of the European Union, there is no need for Google to guarantee the “right to be forgotten” to users. In relation to the debate surrounding the degree to which tech companies such as Google need to apply the strict privacy laws of Europe on…
Hopes of avoidance of a full blown trade war with between China and the United States emerged after the end of a longer than expected trade talks between trade representatives of the two countries came to an end. The detailed results of the three day talks would be made public later, said officials. China’s Foreign…
Dragged down partly because of its own faulty strategies and partly because of social and economic factors, 2019 appears to be a tricky road for US tech giant Apple Inc. The economic slowdown in China was cited as the reasons for a shock profit warning and sale forecast which resulted in a significant drop in…
The first overseas factory of US electric car maker Tesla in Shanghai in China would be focused on manufacturing of Model 3 vehicles exclusively for the Chinese consumers, said the CEO of the company Elon Musk. Musk said this while on a trip to Shanghai to initiate construction of the factory which is being constructed…
Even as the Chinese government is pushing for increasing capabilities of its domestic companies to make manufacture chip and bring down its heavy dependence on import of chips – particularly form the United States, a new chipset for use in servers was launched by Chinese etch giant Huawei Technologies Co Ltd on Monday. In recent…
A block buster and record making merger has been announced by two of the biggest drug companies of the United States. Drug maker Celgene would be taken over by Bristol-Myers Squibb in a cash and stock deal including debt and the value of the deal as announced is worth about between $74bn and $90bn. The…
According to documents filed at the Dutch chamber of commerce, an arrangement that allows Google to reduce its foreign tax liability was used by the US tech company to move €19.9bn ($22.7bn) to Bermuda in 2017 through a Dutch shell company. The documents, filed on 21 December, showed that the amount of money that was…
