Gillette will have a respite from the import tariffs imposed on steel by the Trump administration. The parent company of the shaving brand Procter & Gamble gas said that the brand would get a waiver from the 25 per cent import duty on steel that was imposed by United States President Donald Trump earlier this…
It was ten years ago that RBS had to be injected with £45bn bailout package that was funded by taxpayer’s money. But according to the head of the lender – Ross McEwan, it would take another decade for the bank to regain the lost reputation. It should however be noted that currently, the cash reserves…
A recent survey conducted on more than 1,000 Americans on the issue of cryptocurrencies has shown that bitcoins are majorly owned by large city based young men who are relatively well-off. The survey also found knowledge of bitcoin and cryptocurrencies exist among most people and are also able to explain their meaning to others. But…
Serious objections from some of the largest investors have forced Unilever to cancel its announced plan to shift the headquarters of the company from the United Kingdom. The planned change “has not received support from a significant group of shareholders”, said the consumer goods multinational on Friday. The company had announced in March last this…
Top global auto manufacturers are having a tough time with falling sales in the largest auto market of the world – China, which has in recent years become a pillar of growth and revenues of top international auto brands. The fast economic growth in China has financially empowered millions of Chinese to purchase cars which…
More liquidity is being added on to the Chinese economy which is showing signs of slowing down even as the economy also prepares to face the negative outcome of the trade war that it is embroiled in with the United States. The attempts by the Chinese authorities to cut down on the very high levels…
The largest of the social media platforms including Facebook and Twitter have had to face severe criticisms of not doing enough to prevent abusive discourse and allowing malicious political influence campaigns in the United States as well as in other places. This has dented not only their image but has also impacted their market value.…
The Fiji national greeting “Bula” has been allegedly wrongly trademarked by a US company and the tiny nation is fighting back against the company for remedy alleging that the act was “tone-deaf and wrong”. The allegation is against a chain of bars and cafes in Florida that also serves a mildly narcotic drink called Kava…
Following the filing of a fraud case against the Chairman and Chief Executive of the electric car maker Tesla Elon Musk by the US Securities and Exchange Commission (SEC), there was a 13 per cent drop in the shares of the company over worries of investors about the future of Musk. The fear among investors…
According to claims by American researchers, they have managed to identify a new material that would allow greater efficiency in conversion of sunlight into electricity compared to the conventional technologies now used such as silicon and this can form the basis of a development of next-generation solar cells in the near future. . The unique…
