On Tuesday, sources with knowledge of the matter at hand disclosed, Fiat Chrysler Automobiles NV’s board is scheduled to meet later this afternoon to consider taking the next steps toward a proposed merger with French automaker Peugeot SA. Peugeot’s board is also expected to meet this afternoon and is expected to consider a memorandum of…
In a significant development, for the first time in 20 years, in January 2020, Boeing Co will halt the production of the 737. The development comes in the wake of the two fatal crashes of the 737 MAX, which led to the grounding of the plane worldwide in March. The halt in the production of…
The climate crisis could get accelerated instead of it being addressed because of the plan of the European Union to transform the block’s coal plants, which includes the giant Drax complex in North Yorkshire, and generate power by burning wood pellets instead could. Campaigners and scientists warn that this could lead to rapid deforestation equal…
Data from the European Commission’s website shows that U.S. chipmaker Nvidia did not offer any concessions to EU antitrust regulators who are examining its $6.8 billion bid to acquire Mellanox Technologies. The European Commission is set to take a decision on Nvidia’s biggest-ever acquisition by December 19. It is to be seen whether the EC…
In a background of rising economic and political challenges stemming from Brexit and UK’s general elections, British online retailer The Hut Group (THG) disclosed it has raised $1.10 billion (1 billion euros). It went on to add, it will channel the funds for further expansion. The new capital comprises a 600 million euro term loan,…
On Friday, Telenor stated, it has selected Ericsson for creating its fifth-generation (5G) telecoms network in Norway. The development comes in the wake of intelligence reports from across the globe that China’s Huawei could potentially pose an espionage threat. Recently Norwegian security services had also warned against espionage threats arising from Huawei. “Ericsson will modernize…
On Friday, following a hard fought contest, Airbus has emerged as the leading supplier for jets for Qantas Airways Ltd, which will these jets for ultra-long haul commercial flights between Sydney to London. With Airbus being selected for supplying up to 12 A350-1000 planes fitted with extra fuel tank for flights of up to 21…
Analysts say that in terms of launching of a coffee-cola beverage and bringing it into the United States market, it is likely that rival Coca-Cola will be beaten by PepsiCo. The soft drinks giant Pepsi said that cans of Pepsi Café, that will weigh twelve-ounce each, will hit stores in the United States in April…
On Thursday, Australia made it lucidly clear to technology giants Facebook Inc and Google Inc that will have to agree and comply to Australia’s new rules, designed to ensure that they do not abuse their market power and damage competition, failing which the government will impose new controls on them. In a statement, Australian Prime…
The U.S. Securities and Exchange Commission has charged the chief executive of Shopin with defrauding investors to the tune of $42.5 million through initial coin offering, by lying to investors that the startup had close ties to major retailers and a Silicon Valley entrepreneur. Eran Eyal, 44, a dual citizen of South Africa and Israel…
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