According to media reports on Thursday, Johnson & Johnson has been asked not to manufacture its baby powder in two of its factories in India by the India’s drugs regulator till such time that test results of its raw materials proves that they are free of asbestos. The Central Drugs Standard Control Organization (CDSCO) has…
Despite the slowdown of the US economy for the third quarter as had been previously shown in government data, analysts believe that the growth rate achieved in this period should be strong enough for the US economy to achieve the 3 per cent growth target that had been set for the year by the Trump…
Plea to extend the period of detention of the former Nissan chairman Carlos Ghosn and Representative Director Greg Kelly by Japanese prosecutors was rejected by Tokyo District Court on Thursday. It is likely that a bail plea would be filed by the lawyers for the two men. Ghosn would be released on bail, if approved,…
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 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…
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…
Japanese car maker Nissan complained on Monday that it had not been allowed to put in a complete explanation of why it fired Carlos Ghosn in late November to the board of the French car maker Renault which led bare the differences and tension in the largest auto alliance of the world – which includes…
Those companies around the world that have cut their working days week days claimed to have found that the productivity of the employees had increased along with more motivation and less burnout of staff. “It is much healthier and we do a better job if we’re not working crazy hours,” said Jan Schulz-Hofen, founder of…
Virgin Group founder and billionaire entrepreneur Sir Richard Branson has warned that in the event of a no deal or hard Brexit, the UK will be left “near bankrupt”. In an interview with the BBC he said that he was “absolutely certain” that if the United Kingdom left the European Union (EU) without striking any…
