The escalating US-China trade row could lead to potential damage of business, warned the head of US aerospace and defence giant Boeing. “Aerospace thrives on free and open trade,” said the company’s chief executive Dennis Muilenburg. Concerns that costs for aircraft manufacturers could be pushed up were expressed by him. “The aerospace sector drives economic…
Apple has tied up with Nobel peace prize winner Malala Yusafzai as the IT major will be collaborating with Malala Fund through its 10 Apple Developer Academies in Brazil for furthering opportunities for girls’ education. The Malala Fund is engaged in offering safe, quality secondary education and opportunities for girls and is now expanding into…
The escalating US-China trade tensions is already having an impact on European businesses in China. An official with the European Union Chamber of Commerce in China, said that this despite the fact that it is not until next week that the first shot of an all-out trade war would be fired. Expecting that there would…
Shares of Nike reached a record high on Friday after the sports apparel company reported a 3 per cent increase in sales in the most recent quarter. Analysts said that Nike was back in fashion in North America again. This increase in revenues for the US sportswear company for the first quarter was its first…
Amazon has struck an acquisition deal that has the potential to cause huge ripples in the drugstore industry. The largest e-commerce firm in the world is all set to purchase online pharmacy PillPack. None of the companies have disclosed any details of the deal. The companies also announced that they anticipated to close the deal…
While there is rising pressure on large German conglomerates to take similar measures such as the one taken up by General Electric where it announced fragmentation of its business, company executives in Germany need to work in unison with the representative of the labor unions placed on their boards because they have the power to…
The acquisition of 21st Century Fox by Walt Disney worth $17.3 billion has been cleared by the Antitrust Division of the U.S. Department of Justice (DOJ). The U.S. Department of Justice has however mandated the sale of the Fox Sports Regional Networks. The time frame for Disney to conduct the sale would be 90 days…
UK’s largest electric charging network, Chargemaster, is being bought by oil giant BP for £130 million. Earlier this year, BP had said that it expects renewable energy to be the fastest-growing source of fuel despite the company operating 1,200 petrol forecourts. The company said that there would be a rise in the number of electric…
The first small-scale public trial would be conducted for the robotic calling service Google which is able to speak to humans to undertake activities like making a reservation or setting an appointment. The company said that the system will make a few calls in the next few weeks to some businesses. Google did not provide…
A threat to disruption in supplies of meat and fizzy drink in Europe is posed by a massive shortage of food-grade carbon dioxide (CO2). This shortage of CO2 in Europe has taken place at a time when there is a frenzy over the football World Cup and a peak season for summer barbecues. A number…
