Joining forces could be a clear path out of the doldrums for Industrial giant General Electric Co and oilfield services company Baker Hughes. Both the companies are beset by difficulties during oil’s two-year price rout. While both the companies declined to comment on the talks beyond official statements, Baker Hughes said Friday talks were ongoing…
If Nissan was not guaranteed competitive trading conditions with Europe, it warned the British government that the carmaker would wind down UK operations, the British media reported quoting two people involved in negotiations over future investment in its Sunderland plant. In a move that would lead to the closure of its British plant and other…
Setting a precedence that can be followed in other parts of the world, a UK employment court has ruled in a landmark case which could affect tens of thousands of workers in the gig economy that Uber drivers are not self-employed and should be paid the “national living wage”. Driver in the U.K. for Uber…
Putting the U.S. online retail firm Amazon, in closer competition with local rivals Alibaba Group and JD.com, the company has launched a tailored version of its Prime service in China to tap consumer demand for overseas goods. From infant formula to luxury handbags, bought through online platforms like Alibaba’s Tmall International and via informal “daigou”…
As Apple Inc seeks to revitalize a product line that co-founder Steve Jobs once said would be rendered redundant by the iPad, it unveiled new Mac computers. Presented in a press conference at Apple’s Cupertino, California, headquarters were overhauled MacBook Pro laptops and a new computer monitor. Customers often spend more on films, music and…
After having made a debut in the world of smartphone business just six years ago, sitting only behind industry stalwarts Apple and Samsung in terms of global sales is Chinese tech company Huawei. It expects that both the smartphone market and its position in the market would be very different by its tenth year in the…
According to people familiar with the matter, in its planned initial public offering, Snapchat will seek to raise as much as $4 billion. Asking not to be identified as the details aren’t public, the sources said that the IPO could value Snapchat at about $25 billion to $35 billion. They said that the size of…
As the technology giant Apple Inc. touted the potential of new growth markets, its chief executive Tim Cook said that Apple’s iPhone sales in India grew by more than 50 percent in the company’s fiscal year. However, analysts said that it won’t be easy for the company to crack the world’s largest democracy. As iPhone…
According to the World Economic Forum’s Global Gender Gap Report 2016, it will take another 170 years before there is global equality of the sexes, and women around the world only have 59 percent of the access to the economic advantages that men have, the lowest point since 2008. With the estimate for when the…
The aim for Samsung Electronics Co Ltd is to now quickly recover from the disastrous withdrawal of the fire-prone Galaxy Note 7. The company said that it was this disaster that had, for the first time in nearly eight years, dragged its third-quarter mobile earnings to their lowest level. As the South Korean giant tried…
