A merger between Chrysler Automobiles (FCA) and the Peugeot owner, Groupe PSA, has finally been announced by the companies for in a deal that will be worth €40bn and r4result in the fourth largest car maker of the world. The boards of the tow companies passed the merger proposal on Thursday. The net entity will…
According to data available from united States Energy Information Administration (EIA), in the first half the of the current year, the country exported more than double the average net exports of net natural gas of 2018 already. Government data showed that the US exported natural gas at the rate of an average of 4.1 billion…
While Facebook still refuses to do anything about political ads that appear on its social media platform even as lawmakers and regulators in the United States and elsewhere clamor for the social media company to exert more control over fake political ads, its fellow social media company Twitter has announced that it would be banning…
Only those DJI drones that are used for critical operations and public safety have survived the ban. On Thursday, Chinese drone maker DJI stated, the U.S. Department of Interior has grounded all non-emergency Chinese-made or part-made drones as part of a review of its entire drone program. Shenzhen-based DJI has confirmed that that the department…
The Nordic business of collapsed British travel company Thomas Cook has been saved following an agreement to purchase the business was made by Norwegian property tycoon Petter Stordalen and private equity firms Altor and TDR Capital. Since Thomas Cook’s liquidation in September, the search for a buyer had been ongoing for the profitable Thomas Cook…
A new research conducted by Climate Central, a US-based non-profit news organization, has conclude that later this century, millions more people will be put at risk because of coastal flooding due to rising sea levels driven by climate change. The research also noted that areas that are projected to be below high-tide lines come 2100…
The Asia-Pacific Economic Cooperation summit that was scheduled to be held in Santiago in mid-November will be cancelled, the Chilean government has announced. This summit had assumed importance all across the world because the United States President Donald Trump and Chinese leader Xi Jinping were supposed to sign an initial trade agreement – called the…
The sale of shingles vaccine of GlaxoSmithKline beat market expectations and the continued good performance of the company’s older medicines, including HIV treatments prompted the drug making company to raise its annual profit forecast for the second time this year. Following the announcement by the British drug maker about its expectations of profit for the…
The first eight months of the current year have been good for Japanese car companies operating in China despite the prolonged downturn in the Chinese auto market, with 14 straight months of contraction, as well as the broader Chinese economy. According to the China Association of Automobile Manufacturers, in August, the overall vehicle sale in…
Nokia is focussing more resources to develop its system on chip integrated circuits. On Wednesday, in a statement, Finnish giant Nokia said, it has hired hundreds of engineers in Finland during 2019 in order to speed up development of its 5G solution. Last week, Nokia, which has competitors such as Ericsson and Huawei, had slashed…
