As South Korea’s largest port turned away its ships and as some manufacturers scrambled for freight alternatives, the collapse of country’s Hanjin Shipping sent ripples though global trade on Thursday. While ports from China to Spain, the United States and Canada have refused entry to Hanjin vessels and after its banks decided to end financial…
For T.R. Vijaya Kumar, this is the right time for India to take on Bangladesh, Vietnam and even China for leadership in the global apparel industry. Kumar is a second-generation manufacturer and his export company now 1,700 people and has ambitions to double its sales by 2020having started off as a small family undershirt business…
It baffles many to logically reason that despite already possess status and wealth, business executives commit financial crimes. Some answers to this dilemma is provided by Eugene Soltes through some interesting theories in his new book, Why They Do it: Inside the Mind of the White-Collar Criminal. Many senior business people operate in a moral…
EU officials say it was Washington which had put them on to the scheme of back taxation in the first place even as the United States is furious at the European Union for handing Apple a $14.5 billion tax demand on Tuesday. The European Commission was prompted to launch its own inquiries in June 2013 after…
Britain’s prospects for a low-cost solution after its vote to exit the bloc were diminished after an ally of German Chancellor Angela Merkel said the U.K. will have to pay into the European Union’s budget if it wants the single market’s advantages. The case of Norway, a non-EU nation that contributes to the bloc’s finances…
Mitsubishi Motors Corp said on Tuesday that it would temporarily stop domestic sales of affected vehicles and compensate owners and accepted that more of its vehicle models were involved in a mileage cheating scandal than initially stated. In addition to four minivehicles initially confirmed in April, the fuel economy for eight vehicles including the RVR,…
Amsterdam’s northern harbor which was once a derelict expanse of potholed streets and abandoned docks is being transformed into the city’s fastest-growing area. “Growing up there was fun, but most of the former shipyards were vacant or occupied by squatters. Now the area’s booming,” said Vincent Vollenbronck, 33, adviser for BNP Paribas Real Estate. Built…
Claims over a design defect that causes the phones’ touchscreens to become unresponsive, making them unusable, have ended up in a lawsuit against Apple by owners of iPhone 6 and iPhone 6 Plus smartphones. Despite being aware of the problem for a long time, Apple has refused to fix a defect that often surfaces after…
Millennials are far more likely than older customers to switch lenders if they find a better deal and are smart, price-sensitive consumers and not fans of big banks as show by countless surveys. And banks do everything possible to ensure that these digitally native customers stay loyal once they’ve pinched their noses and opened accounts as…
While the government considers how to meet all its objectives from the sale of a stake in the world’s biggest oil company, the initial public offering of Saudi Arabian Oil Co. remains on track, said the kingdom’s Energy Minister. Energy Minister Khalid Al-Falih said in Los Angeles on Thursday that in early 2018, Saudi Arabia…
business-gurus.com 