According to media reports, talks about the construction of its first ever major European factory is being ongoing between the electric car maker Tesla and authorities in Germany and the Netherlands. A report in The Wall Street Journal claimed that Tesla is planning to set up a new Gigafactory in Europe where both cars and…
Lower pricing and slack demand at the Pampers diapers and Gillette shaving products making units of Procter & Gamble Co drove its fourth quarter performance being hit amidst lower sale. The result disappointed Wal Street analysts who expected higher returns. The changing and evolving consumer habits have put large global consumer goods manufacturing companies in…
$143 billion of market value was wiped off the Chinese Internet giant Tencent after its shares plunged by 25 per cent from its January peak. That marked the largest wash away of shareholder wealth globally when measured from the date of each stock’s 52-week high. The second biggest looser with a $136 billion slump over…
Hackers were able to go through the personal records of 10 million customers of British electricals and mobile phone retailer Dixons Carphone, in 2017. On Tuesday, British electricals and mobile phone retailer Dixons Carphone disclosed, hackers have been able to access 10 million personal data of customers in 2017. “While there is now evidence that…
Plans of initiating an initial public offering (IPO) in Hong Kong or in some of the other overseas markets where the denominated shares would be valued in U.S. dollar was recently shared with the media by the co-CEO of Bitmain Technologies which is the biggest cryptocurrency mining in the world. This IPO would be a…
Naspers – a South African media, tech and investment firm, had made an investment of $32 million in 2001 for a significant share in a Chinese tech start up and it is deriving rich benefits of that single bet. Tencent was that Chinese startup – the owner of the largest messaging app in China –…
Selling of trips to animal parks that have killer whales would be stopped by travel giant Thomas Cook. Concerns about the welfare of the animals were earlier expressed by over 90 per cent of its customers, the company said. SeaWorld, in Florida, and Loro Parque in Tenerife would be the two parks it will stop…
The Deutsche Bank AG has a plan to reduce its operations in the United States according to sources who have bene quoted in the media, and as a part of that plan, the lender is set to lay off dozens of its employees and is to and consolidate its space at its Chicago office. The…
The practice was confined to only small to mid-size businesses. As per a report from the Wall Street Journal citing sources familiar with the matter at hand, American Express Co raised currency conversion rates for business clients without notifying its customers in advance; AmEx’s move was aimed at boosting its employee commission and revenues. The…
The deal comes ahead of the crucial upcoming American football season. On Monday, GVC Holdings Plc has agreed to enter into a joint venture with MGM Resorts International, a U.S. hotel and casino operator, to set up an online betting platform in the U.S. ahead of the upcoming American football season. Initially, GVC Holdings Plc…
