Trouble brews for Airbus Group as the company struggling to meet the deadlines for the delivery of A400M military transport planes as it faces renewed pressure from France and other European buyers to meet performance and delivery pledges. Primarily due to issues at an Italian subcontractor that have sparked potential compensation claims, the A400M has…
Angrily refuting “preposterous” allegations that it made customers sign contracts forbidding them to talk to regulators, Tesla has denied claims that there were safety defects in the suspension of its Model S and Model X cars. A blog called the “Daily Kanban” had claimed it investigated a complaint on an unofficial forum and the comments…
As Amazon looks to step up its challenge to local e-commerce players in India, the US online retail giant announced the decision of investing $3 billion in India this year. The announcement was made by the chief executive f the company Jeff Bezos. Bringing Amazon’s total investment in India to $5 billion, the new money…
Showing that North Korea plans to pursue its nuclear weapons program in defiance of international sanctions, the country has restarted production of plutonium fuel, reported Reuters citing information from a senior U.S. State Department official. Activities that indicate that North Korea has reactivated a plant to recover plutonium from spent reactor fuel at its main…
A new report from UNESCO, the United Nations Environment Programme (UNEP) and the Union of Concerned Scientists (UCS) claims that climate change is “fast becoming one of the most significant risks for world heritage sites worldwide”. Some of the world’s most famous sites that are being impacted by climate change are highlighted in the latest…
Goldman Sachs didn’t sound an alarm about a suspicious transaction in Malaysia and U.S. investigators are trying to determine whether the bank had broken the law by doing so, reports The Wall Street Journal citing sources knowledgeable about the matter. Goldman had helped Malaysian state investment fund 1Malaysia Development Bhd., or 1MDB to raise $3 billion…
Are annual updates to compensation the best response to the achievements and needs of employees? This is the question that is being debated and reviewed by executives of General Electric Co, a pioneer for management for corporate. The longstanding and much-imitated system of rating staff on a five-point scale may also be scrapped by the…
A 68.55 percent stake in Italian soccer club Inter Milan would be bought by Chinese retail giant Suning Commerce Group, reported the media citing sources that familiar with the matter. The sources said that while current majority owner Erick Thohir will cut his stake to 31 percent and stay on as president, former Inter Milan…
While Huawei Technologies had tapped into markets as varied as Britain, India and Kenya and has become China’s most successful international technology company, it has also moved into markets like Syria where American officials have imposed limits on sales of technology. The reason for limitation is the fear that such technologies could be used to…
Driven by a combination of cheaper oil and fuller planes, the airline industry is expected to have its most lucrative year in history with global profits of almost $40bn (£30bn), . It was now a “normal business” for listed airline companies of providing decent returns to investors after years of being propped up by wealthy…
