Complete with three white stripes down the side, pea-size beads of white plastic pour into what looks like a minivan-size Adidas shoe box in a production hall as clean as a hospital. With only one worker needed to wedge in pieces of plastic called stability bars, in just a few seconds the machine heats and…
A British start-up that manages diversified investment plans is the latest company for investments by insurance giant Aviva where the company has bought a majority stake. Via its app MyAviva, the customers of the insurance company would be allowed to access “robo” investment firm Wealthify’s services by this stake acquisition, the insurer said on Thursday. Through…
After the U.S. Department of Commerce decided to slap heavy import tariffs on jets partly made in Northern Ireland, the so-called “special relationship” between the U.S. and U.K. was looking decidedly shaky. Hints that the trade relations with the U.S. aerospace company could be further affected was given by U.K. Prime Minister Theresa May after…
If you’re looking to find out where highly successful leaders get their inspiration – here is the answer. Self-made billionaire Richard Branson is worth an estimated $5.1 billion, according to Forbes which he has derived from more than 60 businesses that he has overseen. Sharing of his leadership tips has been a trait for Branson. after…
An average of more than $193,000 is earned by expatriates moving to Switzerland which is also the home to some of the biggest private banks, commodity traders and pharmaceuticals companies. A study published by HSBC Holdings Plc shows that it is 54 percent more than if they’d stayed at home and is the highest in the…
Creating a European champion to better withstand the international advance of China’s state-owned CRRC, German industrial group Siemens and French rival Alstom agreed to merge their rail operations. While Alstom will supply Henri Poupart-Lafarge as chief executive, helping to counter criticism that France is giving up control of another national industrial icon, Siemens will own 50 percent plus a…
If the United States government can get tax reform “right,” the country will see its gross domestic product rise by 1 percent, according to the commerce secretary. Wilbur Ross said that because it could add nearly $3 trillion in federal government revenue in the next decade, getting U.S. tax reform right is important. Ross said that the…
Betting that the pop-culture-fueled appeal of the country’s beauty products will outweigh concerns over regional tensions and in order to gain a stronger foothold in the world’s fourth-largest skincare market, Unilever agreed to buy a South Korean cosmetics maker for 2.27 billion euros ($2.7 billion). The London- and Amsterdam-based company said in a statement Monday…
Provisional election results in Germany point to a worse-than-expected majority for the German chancellor even as Angela Merkel’s conservative bloc will be the largest party in the next German parliament. 33 percent of the vote was won by Merkel’s center-right Christian Democratic Union (CDU) and its Bavarian sister-party the Christian Social Union (CSU). But lower…
After the major oil producers said at a meeting in Vienna the global market was well on its way toward rebalancing, the prices of oil rose on Monday to their highest in seven months. Reaching its highest since February 23, the November Brent crude futures contract was up 35 cents at $57.21 a barrel by…
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