According to the results of a survey by a subsidiary of courier giant DHL, despite the U.S.-China trade war rolling onto its 16th month and continuing to disrupt well established supply chains, more than a quarter of multinational firms have yet to make contingency plans. The survey by DHL Resilience360, a supply chain risk management…
According to a report from Japan’s Kyodo News, Renault SA, Nissan Motor Co and Mitsubishi Motors Corp have agreed to form a new company focused on research and development of advanced automotive technologies. The trio’s new alliance will announce concrete plans in January 2020, reported Kyodo citing sources familiar with the matter. This new strategic…
According to two sources, the U.S. government is likely to fine tune and expand laws that govern sale of U.S. technology and technological products to foreign companies, midst efforts to further tighten the blacklisting of China Huawei. In May 2019, the U.S. Commerce Department had placed Huawei Technologies on an Entity List citing national security…
Renault, Nissan and Mitsubishi plan on appointing a general secretary at the helm of their alliance in order to reboot the partnership and boost operations. Renault is in the process of repairing its relationship with its Japanese partners following allegations of financial misconduct its earlier chairman. “This alliance executive will be key for coordinating and…
In less than a week after its launch, orders for Tesla Inc’s new electric pickup Cybertruck have are close to breaking the record set by the Model 3 sedan in 2016. Elon Musk, Tesla’s CEO has signaled that 250,000 customers have lined up to buy the Cybertruck. In an apparent reference to the number of…
Apollo Global Management, a private equity firm, stated it has raised its bid to take Tech Data, a U.S. information technology equipment distributor, private in a deal valued at around $6 billion. Excluding debt, the deal is valued at nearly $5.14 billion, up from a previous offer of $4.77 billion. Following Apollo Global Management’s new…
On Thursday, Japan’s Panasonic Corp stated it will sell its loss-making chip business to Taiwan’s Nuvoton Technology, reported Nikkei Asian Review. According to the report, Panasonic is also slated to divest three Japanese chipmaking facilities of TowerJazz Panasonic Semiconductor – a joint venture with Israel’s Tower Semiconductor. The development comes midst the U.S.-China trade war which…
In a significant development, the United States has unveiled a procedure which is aimed at protecting its telecommunications networks as well as their supply chains, from national security threats. In May 2019, U.S. President Donald Trump had issued an executive order declaring a national emergency which bars U.S. companies from using telecommunications equipment made by…
A British trade body has warned that the country’s annual car production is likely to drop by a third to 1 million by 2024 if Brexit leads to tariffs with the European Union; the output will be lost to other nations. Britons are staring at an elections in just over two weeks with Prime Minister…
In a significant development, Chicago’s city counsel has approved a proposal which will see an imposition of increased taxes on certain ride-hailing trips. The move is aimed at combating traffic congestion in the city. Incidentally, the city counsel and ride providers have accused each other of penalizing low-income passengers. As per Mayor Lori Lightfoot’s plan,…
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