While every new company or a start-up hopes for a lucky break, the day the Panama Papers made headlines around the world, the Swedish company Neo Technology found out it was getting one such break. In order to make sense of 11.5 million documents, including emails, images and spreadsheets, leaked from Panamanian law firm Mossack…
Cash generation for the start of the year for Airbus is being put under pressure by a growing backlog of Airbus undelivered passengers jets, stranded outside their factories due to supplier problems, reports Reuters quoting industry sources and analysts. There is increasing congestion due to undelivered jets in the parking space at Toulouse airport in…
Over the last two years Apple has repeated requests by Chinese authorities to hand over its source code, said the company’s top lawyer to the U.S. lawmakers at a hearing on Tuesday. Apple has been attacked by US law enforcement officials claiming that while the company acted as a complicit and handed over information to…
As PepsiCo trimmed costs and demand rose in North America for its snacks, including Cheetos and Lay’s chips, the company reported a better-than-expected quarterly profit for the first quarter. There was a rise of 1 percent in the value of shares of the company on Monday Apart from a wide range of soft drinks, PepsiCo…
While ruling out a separate law for web platforms, the European Union’s digital chief wants more transparency about advertising in web search results for search engines such as Alphabet Inc’s Google and Microsoft’s Bing. The EU executive would not take a horizontal approach to regulating online services, said Andrus Ansip on Friday, the European Commission…
Ending a stand-off between privacy advocates and those who consider the move crucial to fighting terrorism, the European Parliament gave final approval on Thursday to an exchange of airline passenger data between security forces in the European Union. Opposition within the European Parliament to the blanket collection of data from the PNRs has stalled for…
A deal is being targeted by June by the Chinese investor group pursuing a takeover of the AC Milan soccer club, said reported Bloomberg. AC Milan is controlled by former Italian Prime Minister Silvio Berlusconi. The consortium is seeking a deal in time for the summer transfer season and they have agreed on most key terms.…
With its aim to replenish its ranks with star performers in North America, Australia’s Macquarie Group Ltd shed close to 15 percent of its U.S. investment banking workforce this month, reports Reuters Several other banks are reconsidering their U.S. investment banking strategy and Macquarie Group Ltd’s action comes amidst that environment. For example more than…
Offering areas of new business for specialist companies which have benefited from the use of such technology in smartphones, a tap of a finger could soon suffice to identify credit card shoppers and rail commuters. Having already become the market leader in a crowded sector for supplying such sensors for smartphones, Sweden’s Fingerprint Cards (FPC)…
The raft of headwinds – from concerns over China to a seismic shift in consumer tastes, weighing on luxury brands means the sector may be forced to embrace a new normal, suggest analysts. “The luxury sector and the largest companies within it need to adjust to a new normal,” Luca Solca, head of luxury goods…
