Nokia is planning to lat off a large number fits staff globally as the company now preparing for the fifth-generation networks, said the company on Thursday. While no details on the actual number of employees that the company was looking to lay off was provided by it, according to Dow Jones Newswires, the lay offs would…
An increase in price of aircraft fuel and higher operating expenses saw a 49 per cent drop in the earnings of American Airlines Group Inc. (AAL) for the third quarter. However, the bottom line results still exceeded the estimates of Wall Street, the top line was lower than the consensus estimates. The announcement of the…
According to reports in the media, a tip off by the world’s largest brewer Anheuser-Busch InBev to Indian authorities about its detection of a cartel in the beer industry had triggered off an investigation into beer price-fixing by Indian anti-trust body. Reports quoting sources said that there was price fixing by the Indian operations of…
The president of Toyota stressed that the British government should avoid “at all costs” a no-Brexit deal. This is the latest episode of an influential Japanese investor commenting on the future of the UK economy. The industry leader Akio Toyoda lamented that leaders from the UK and the European Union failed to come to an…
For General Electric, the manner in which it has been delivering dividends throughout its 119 tear old history has made the once dependable company proud. However that reliability has now dwindled for GE. But now the new boss of the company Larry Culp could be forced to cut the dividend because of the financial condition…
According to a warning issued by the United Kingdom’s ferry firm Stena Line, traders could bypass Great Britain and there could be an impact on food supplies in case of a no-deal Brexit. Ian Hampton senior executive at the global ferry operator said that there is “very little readiness” at ports and “anxiety is high”.…
According to a report in the BBC, an investigation by consumer group Which? has found that people are being offered free goods in exchange of positive product reviews by a section of online sellers. The representative of the organization conducting the investigation joined a number of “rewards for reviews” groups and was promised free items…
Johnson & Johnson has won a major litigation that threatened to strike a major blow to one of its most popular products. A jury of a first trial court in New Jersey was managed ot be persuaded by the company that its iconic baby powder did not contain cancer-causing asbestos as had been alleged by…
According to an announcement by the UK government, firms there might now have to furnish data on the pay gap in their firms on the basis of ethnicity. The government has initiated a consultation process aimed to get opinions from employers about how to include ethnicity passed pay in their reporting. The government noted that…
The cryptocurrency market got a hard bolt as more than $6 billion of investors were wiped off in a single day. The rout was led by XRP and ethereum even as the market continued to fall. According to data from Coinmarketcap.com, as of about 11:32 a.m. HK/SIN time on Friday, there was a drop of…
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