The results of a survey conducted by Deloitte released on Wednesday shows that the confidence of senior finance officers at companies operating in China is being pulled down by increasing trade risks. The consultancy organization conducts the survey twice a year among financial executives about their attitudes on trade and business as a part of…
The forward-looking purchase of the stake is of strategic significance as it revolves around the future of mobility. In a strategic move, Volkswagen has purchased a controlling stake in Volvo’s WirelessCar, a digital service developer which specializes in connected driving, for $122 million (1.1 billion Swedish crowns). In a statement Volkswagen stated, WirelessCar’s technology would…
The much awaited blockbuster IPO from Japan’s Softbank has failed to create the impetus in the share market to the level that most had hoped for. There was a sharp drop of 15 per cent in Tokyo in the shares in the Japanese company’s mobile telecommunications unit in the first day of trading after the…
According to a statement by the U.S. Justice Department, German auto parts supplier IAV Gmbh would plead guilty as well as pay $35 million in fines on charges of conspiring with German car maker Volkswagen AG in trying to bypass the tough diesel emission norms in the United States. The Justice Department said that 50…
Investors worries include SoftBank Corp’s exposure to Huawei. SoftBank has stated it plans on replacing its Huawei-provided 4G network equipment with those of other suppliers – an expensive and time-consuming affair. In a rare development, shares of Japan’s SoftBank Corp fell by more than 10% on debut as investor appetite for what has been Japan’s…
Following Blythe Masters’ stepping down as Digital Asset’s CEO, AG Gangadhar, the startup’s chairman will serve as its acting CEO while it locates a new chief executive. Digital Asset, a blockchain startup stated, Blythe Masters, its chief executive officer who is one of the most prominent backers of the distributed ledger technology on Wall Street…
According to the chief executive of German car manufacturer Volkswagen (VW), the there could be need for the car maker to further augment its strategies for mass production of electric vehicles so that it would be able to address the tougher-than-expected European targets of reduction of greenhouse emissions emitting from cars in the block. This…
Huawei is facing strong headwinds from perceived national security threats from nations around the world due to its close proximity to China’s ruling Communist Party. Nations around the world have concerns that these close ties could enable China to easily snoop around and gather intelligence using Huawei and ZTE hardware and/or software. In a significant…
The merger has promise since it could create a Franco-German rail company that will be in a better position to compete with China. According to sources familiar with the matter at hand, Alstom and Siemens have offered to divest one of their high-speed train technology in order to address EU antitrust concerns about their merger…
Huawei equipment has a price advantage: sourcing from non-Chinese sources is likely to drive up costs. Security comes at a price. In a significant development, China’s Huawei is facing fresh headwinds in Europe following an announcement by Deutsche Telekom that it would review its vendor strategy; Orange has also stated it would not use its…
