Despite the most likely exit of its Chairman and Chief Executive Carlos Ghosn and increasing tension with alliance partner Nissan, French car maker Renault said that it anticipates to register growth in sale for 2019. “Volumes progressed across almost all our regions (in 2018), and we’re entering 2019 with expectations for a slight increase in…
According to the European luxury brand Tiffany, the holiday season was not been as good as it had expected. The sales for the season were just a bit lower than expected partly because of the tightening of their purse strings by its Chinese consumers at the time of their vacationing, the company announced on Friday.…
The diesel emission cheating scandal is apparently not over for German car maker Volkswagen in the US as four engineering managers at German carmaker Audi, a subsidiary of VW, were indicted by a federal grand jury in Michigan in connection with the scandal. Violation the federal Clean Air Act, as well as wire fraud and…
As the global smartphone industry passes through its worst slowdown every in a decade, tens of thousands of seasonal jobs are being cut by Apple’s iPhone suppliers much earlier than they were scheduled. According to Nikkei citing an industry source familiar with the situation, iPhone assembler Foxconn has dropped off about 50,000 workers employed by…
Concerned about videos of dangerous pranks putting at danger the lives of people, the posting of such videos that pose challenges to others of duplicating such pranks have been banned on YouTube. It will not allow any of its users to upload prank or challenge videos “that can cause death and/or have caused death in…
A full blown crisis for the UK energy’s strategy was triggered after the project to build a nuclear power station in Wales was exited by Hitachi. This Japanese company was the second company to quit major nuclear projects in two months. After Hinkley Point C, the next in a line of new nuclear plants in…
According to a report published in the Handelsblatt newspaper, with the aim of keeping Chinese telecommunication equipment manufacturer, the largest in the world, away from participating in the bidding process for the construction of the state of the art 5G network in Germany, the government there is trying to find out stricter security requirements and…
Missing revenues forecasts and sales targets is adding pressure to Cupertino’s human resource management strategy for 2019. As per a report from Bloomberg citing sources familiar with the matter at hand, Apple Inc is set to cut hiring for some of its divisions. The development comes in the wake of Apple Inc missing its sales…
A report by a top government-linked think tank has listed out foreign companies that have used “incorrect labels” while referring to Taiwan and Hong Kong. The report has prompted a stern reply from Taipei. In a development that marks China’s growing pressure tactics on Taiwan and Hong Kong, in a report, the Chinese Academy of…
The final design review process is a milestone for Boeing and Lockheed Martin’s alliance. A successful launch will mean the U.S. will not have to rely on Russia’s RD-180 engine for critical national security missions. In the space launch services market, Lockheed Martin Corp and Boeing Co are set to conduct a final design review…
