The face mask has become the most visible symbol of the deadly coronavirus outbreak both in China and elsewhere. And according to reports, it is now increasingly becoming a prized possession across Asia as its demand by concerned citizens of the region to protect themselves from the coronavirus infection exceeds supply. There is virtually a…
Canadian company Bombardier Inc’s train business will be purchased by the French transport infrastructure company Alstom SA and the tow companies have reached a preliminary deal to that effect. The deal will be worth more than $7 billion on an enterprise value basis. This was first reported on Bloomberg on January 21 and later by…
Tariffs on aircraft made in Europe will be increased by the United States as its president Donald Trump tries to exert more pressure on the European Union in the long running dispute over government subsidies of private airplane makers. The tariffs on airplanes made in Europe would be increased from the current 10 per cent…
The last quarter of 2019 was a very poor one for the German economy, showed official figures for the country. There was almost no change in the Gross domestic product (GDP) or the total production of goods and services, for the country in the last three months of last year compared to the previous quarter.…
A last minute visit by officers from the Irish Data Protection Commission (DPC) has forced Fcaebook to postpone the launch of its new dating feature for the European market. Information about the launch of the feature was provided to the DPC just 10 days before the scheduled launch and the regulator said that “no information…
Existing shareholders of the Norwegian business of the biggest pizza delivery company of the United Kingdom – Domino’s Pizza Group, will purchase the business, the company said on Thursday. This also marked the beginning of a possible string of sale of the loss-making overseas operations of the company. The entire 71 per cent of the…
A case demanding $90 million in damages from Carlos Ghosn, the former global auto honcho and now a branded fugitive of Japan, was filed by the Japanese car company Nissan. The civil lawsuit was filed by the company at Yokohama District Court. Ghosn is also a former chairman of the auto company and was arrested…
In a case that Google is fighting to overturn a 2.4-billion-euro ($2.6 billion) antitrust fine imposed by the European Union at Europe’s second-highest court, the search engine giant argued that innovation was at the core of its business model rather than helping out rivals in their businesses. Many are closely watching this case because preparations…
Performance of the United States based restaurant chain Popeyes in the fourth quarter was majorly boosted by its beloved chicken sandwich. There was a 42 per cent growth year on year in the sales at all Popeyes restaurants in the last three months of 2019 to touch $1.3 billion, said Restaurant Brands International, the owner…
The coronavirus outbreak in China has temporarily shut down many factories in the country – many of which make crucial parts for various products including for cars and other vehicles. The closure which started with the closure because of the Lunar New Year holidays in China was extended by Chinese authorities to prevent the spread…
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