The growth for the French cosmetics giant L’Oreal for 2018, as reported last Friday, was the highest for the company in more than a decade. This growth was primarily driven by very strong growth in its new markets with a 24 per cent gain in sales in the Asia-Pacific region. There is currently no worry…
The global furniture retailer Ikea is attempting to become more environment firnedly. As a part of its this effort, the company is testing out the possibility of offering used and patched-up furniture to customers in the UK. The first attempt for the sale of old and used furniture was made in Edinburgh as a pilot…
With the aim of bringing down its $50 billion debt burden that it had acquired in recent years, the US based computer manufacturer Dell Technologies Inc is contemplating selling off its U.S. provider of cybersecurity services – SecureWorks Corp. The current market valuation of SecureWorks is estimated to be about $2 billion according to a…
Thailand is more sensitive about the price of setting up its 5G networks than its national security. On Friday, despite calls from the United States to to its allies to bar China’s Huawei Technologies from building next generation mobile networks, Thailand launched a test bed for the Chinese telecom giant. Huawei is facing growing pressure…
The move is clearly aimed at boosting shareholder returns. On Friday, Sony Corp announced its first-ever major share buyback worth $910 million (100 billion yen). With the news reaching the market, its stock recovered from a hammering from investors who were spooked over its lackluster earnings. Sony’s announcement marked Japan’s second major buyback this week:…
A ruling issued in Germany has accused Facebook, the largest social network of the world, of abusing its dominant position in the market to amass user information without gaining consent from them. This was followed by the social media platform being asked to curb its data collection practices in Germany. The Cambridge Analytica scandal which…
Despite the micro-blogging site Twitter Inc. beating analysts’ estimates in terms of both revenue and adjusted earnings per share for the fourth quarter, the shares of the company dropped over concerns for not as expected forecast guidance. The profits of the company for the fourth quarter as reported by Twitter was more than double the…
This is the second time Tesla has cut the price of its Model 3 sedan this year. On Wednesday, U.S. electric carmaker Tesla Inc stated, it is lowering the price of its Model 3 by $1,100, due to the end of a customer referral program. This is the second price cut undertaken by Tesla for…
The EU is likely to have a EU-wide tax on global digital companies by the end of March 2019. In a statement, Apple Inc’s French division stated, it had reached a deal with France to pay an undeclared amount of back-dated taxes, which according to French media estimate is at around $571 million (500 million…
Boeing’s investment aims to tap growing high-end demand for air travel that slashes travel time. In a filing, Boeing Co has disclosed, it has made a significant investment in Aerion, a supersonic business jet developer. The development comes in the wake of Boeing, the world’s largest planemaker looking to tap increasing demand for high-end aircraft…
