Multiple reports that the United States administration is considering a ban on methanol cigarettes caused a hit to the shares in two tobacco giants. There was a drop of 10.6 per cent in the shares of the British American Tobacco which was its lowest in almost five years, while there was a 2.2 per cent…
Natural gas is expected to overtake coal as the world’s second-largest energy source after oil by 2030 due to a drive to cut air pollution and the rise in liquefied natural gas (LNG) use, the International Energy Agency (IEA) said on Tuesday, The Paris-based IEA said in its World Energy Outlook 2018 that energy demand…
The funding round saw Netskope’s valuation top more than $1 billion. The cloud-security firm will utilize the funds to expand its R&D, sales and data centers. Netskope, a cloud-security firm, said it has raised $169 million in its latest fundraiser which valued it at more than $1 billion. Netskope will channelize the funds to expand…
The high priority probes comes in the wake of yet another crash of a Boeing aircraft in Indonesia. Following the crash of a Lion Air jet in Indonesia last month, the U.S. Federal Aviation Administration has launched a high-priority probe of the safety analyses performed over the years by Boeing Co. The regulator has stated,…
The development underscores VW’s near-long term strategy post 2020. Volkswagen’s Chief Executive Herbert Diess told Automotive News, the carmaker is likely to build up to 50 million electric cars on its new electric vehicle platform. VW is also looking to expand its manufacturing footprint in the United States. “We set up the plant in Chattanooga…
Amazon is likely to announce the results of its headquarters search contest today. Amazon.com Inc is likely to announce that it has selected New York City and Northern Virginia as the sites for its second and third headquarters, said a report from the Wall Street Journal. Other cities may also receive major sites as part…
According to a revelation of the United Kingdom HR body, the CIPD, labour shortages are being faced by firms in the country and there is a “reversal” in the number of migrant worker in UK workplaces. The outcome of the report – the shortage of both EU and non-EU migrants, indicates that there is a…
China has for the first time granted permission to a credit card company from the United States for setting up its own payments network in the second largest economy of the world. This green light has been granted to American Express. Preliminary approval to handle payments in yuan has been granted to American Express by…
Vista Equity Partners is in the business of acquiring mostly software firms, sold Marketo, a marketing software firm to Adobe Inc for $4.75 billion in September 2018. Two years after going public, software company Apptio Inc has agreed to be acquired by private equity firm Vista Equity Partners for $1.94 billion. The all-cash deal sees…
French Finance Minister Bruno Le Maire is pushing for the deal so as to retain earnings of large tech companies who use clever strategies and tax loopholes to evade taxes. On Monday, French Finance Minister Bruno Le Maire stated, the European Union plans on introducing digital taxes for large internet firms such as Google and…
