Following some levels of disinterest shown by Wall Street and international investors last year, Saudi Arabia again stunned analysts and investors after it announced that it had received more than $100 billion in orders for the maiden global bond for its oil giant Aramco. This incident is amongst the a handful few of companies managing…
To date Grab has raised nearly $8 billion since its inception nearly 7 years ago. According to Grab’s CEO Anthony Tan, the transportation network company is looking to raise another $2 billion in 2019 to ramp up its expansion plans. This announcement comes in the wake of its latest funding round in which it cornered…
The European Commission is looking to setup ethical guidelines for artificial intelligence which should be transparent, secure, have human oversight and have reliable algorithms. They should also be subject to privacy and data protection rules. The European Commission stated, companies working with artificial intelligence need to install accountability mechanisms that prevent the misuse of AI.…
The European Union’s data protection supervisor will investigate whether Microsoft Corp is in compliance with the EU’s new GDPR rules. In a significant development, the European Union’s data protection supervisor disclosed, it has launched an investigation into whether services and products provided by U.S. software giant Microsoft Corp to EU institutions are in compliance with…
US electric car maker Tesla is bailing out the Italian automaker Fiat Chrysler for the possibility of facing significantly large European Union fines for not being able to meet the tough new pollution standards by selling some of the emissions credits that the US car marker had amassed. According to documents published by the European…
Former chairman of Japanese car maker Nissan Carlos Ghosn, currently under arrest in Japan on charges of financial misconduct for a second time, has now been officially removed from the board of the company following a voting for the in favour of the motion by shareholders during an extraordinary shareholder meeting called by the company…
Those Mexican based food companies who supply grocery to Amazon have been penalised by the Mexican unit of Walmart. The extent of the pressure form Walmart has been such that some of the companies have been forced to withdraw their products from the largest e-commerce platform of the world, claimed a news report published by…
United States based global auto maker Ford is setting strategies to regain market share that it had lost in the Chinese market, the largest auto market in the world – even before the US. More than 30 new Ford and Lincoln vehicles would be launched by it for the Chinese market exclusively, announced the American…
The European Union has pulled up car manufacturers from Germany allegedly for engaging in collusion for not allowing technology that helps in reduction of harmful emissions from vehicles dissipate for broader use by the auto industry. Three giants of the German auto industry – Volkswagen, BMW and Daimler, have been identified for this charge by…
The EU’s competition enforcer has charged Volkswagen, BMW, and Daimler with hindering competition on emission cleaning technology between 2006-2014. On Friday, EU antitrust regulators have charged Volkswagen, BMW, and Daimler for hindering competition on emission cleaning technology for the period of 2006 to 2014. The European Commission said it had sent statements of objections setting…
