Over the period of last ten years or so, the Royal Bank of Scotland (RBS) has seen its reputation take a battering. Nearly 73 percent of the bank is still owned by the taxpayer after having being bailed out by the U.K. government during the global financial crisis in 2008. And now the bank is…
Germany’s Volkswagen Group and India’s Tata Motors said that talks related to cooperation about joint development of a car for emerging markets have ended amicably. After an earlier alliance with Japan’s Suzuki Motor Corp also falling apart, a further blow to Volkswagen’s (VW) efforts to develop a cheap vehicle platform for Asian markets was dealt…
By announcing the expansion of its video offerings with programming ranging from professional women’s basketball to a safari show and a parenting program, Facebook Inc made its biggest move to date to compete in the television market. The company said that only a limited group in the United States will be able to access the…
With the intention to sell its film and music library, Indian movie production house Eros is in early talks with Apple, Amazon and Netflix, reported the local media citing sources that are familiar with the matter. In the world’s fastest growing Internet services market, jockeying to boost their Indian television, movie and music offerings are…
A new Amazon returns policy that will make it easier for consumers to send back items at the merchant’s expense is at the center of dissent and opposition by sellers. Starting Oct. 2, items that they sell will be “automatically authorized” for return, marketplace sellers who ship products from their home, garage or warehouse —…
Experts suggest that cloud computing may provide the security that companies are searching for even as high-profile cybercrime such as data theft, ransomware and computer hacks seem to be occurring more frequently and with higher costs. “Cloud computing improves IT security and security professionals need as much help as possible,” said Nick McQuire, vice president…
The question that is making the rounds in the California desert town of Nipton is that will the place be renames as Potsylvania by the new buyers? The question arises after the entire California desert town of Nipton is to be bought over by one of the U.S.’s largest cannabis companies. An old mill town…
In order to build its 34 gigawatt-hour battery factory, Terra E Holding GmbH will choose one of five candidate sites in Germany or a neighboring country next month, said Frankfurt-based Chief Executive Officer Holger Gritzka in an interview. The former ThyssenKrupp AG manager has won government support for the project, which will break ground in the fourth…
As manufacturer BAE Systems Plc struggles to pin down a follow-on order from Saudi Arabia, the biggest export customer for the Mach 2 jet, U.K. output of the Eurofighter Typhoon warplane may be cut. With final assembly at Warton in northwest England, the cornerstone of a military-aircraft business that employs 12,500 people at BAE is…
While announcing an additional $1 billion share buyback, Global miner Rio Tinto noted that a rebound in iron ore prices had helped the mining giant to report its first-half profit that more than doubled compared to what it had generated a year earlier. The company made the announcement on Wednesday. However, Thomson Reuters analysts’ forecast of $4.19…
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