If the turnaround plan does not manage to turn its fortune, it runs of risk of a collapse, fears the company that prints the UK’s banknotes – De La Rue. This announcement was made by the company while also announcing suspension of its dividends and reporting a loss in the first half of its financial…
Negotiations with investors about a new funding round is being conducted the maker of the plant-based Impossible Burger – Impossible Foods Inc, and according to reports quoting sources, this funding round could effectively more than double the valuation reached by the company at the last funding round in May which was at $2 billion. There…
A racketeering lawsuit against Fiat Chrysler by General Motors last week and the timing is not good at all for Fiat. Fiat Chrysler is currently engaged in two very critical negotiations – one with the labour union United Auto Workers about a new contract for the workers and the other is merger negotiations with the…
Renewal of license to carry passengers in London has been denied to the ride sharing company Uber. This is the second time in two years that such as step has been taken by the London transport authorities. The cancellation is pending an appeal over a “pattern of failures” on safety and security. While making the…
The debacle at the launching of Tesla’s latest electric vehicle has not only hit the company’s prospects at the share market but has also brought down the personal wealth of Tesla chief Elon Musk by millions of dollars in just a single day. The incident where in the so called unbreakable window glass of the…
After taking control of the office space sharing firm WeWork by the Japanese investment conglomerate SoftBank, the US firm has said that about 2,400 employees of the company would be laid off globally as a part of its larger strategy of reducing costs and embarking on a path to achieve profitability after the failed IPO…
The bid for British food delivery service Just Eat by the Takeaway.com presents “significant risks” for shareholders, alleged technology company Prosus, which is a rival suitor for Just Eat, on Wednesday. These comments made by Prosus’s against Takeaway were made after a period of two crucial week during which the share price of Takeaway has…
Despite the global grounding of Boeing’s 737 Max planes, the United States plane maker bagged big orders for the planes as various airlines announced plans to order up to 50 of the jets worth $6bn at the Dubai airshow. A letter of intent to order 30 Boeing 737 Max 8 planes for its FlyArystan subsidiary…
An official memo and a video message from the head of the United States Federal Aviation Administration to his team sent on November 14 said that the safety certification team should “take whatever time is needed” for reviewing the flight safety status of Boeing Co’s 737 MAX, claimed a report published by Reuters on the…
Fearing that a fault in its cars could result in fires has resulted in a recall of hundreds of thousands of its cars in the United States by the Japanese car maker Nissan. According to the documents that were sent by the Nissan Group of North America to the National Highway Traffic Safety Administration, the…
