EU Pays €62m To US Firm WeWork As ‘Financial Inducement’ In Brexit Relocation Case

The uncertainty over Brexit is forcing the relocation of the European Medicines Agency from London to Amsterdam and as a part of this relocation process, a US firm is reportedly being paid a sum of €62m in “financial inducements” to help in this. According to reports based on European Union documents, the former headquarters of…

AB InBev’s Australian Business To Be Sold To Japanese Firm

The world’s largest brewer Anheuser-Busch InBev would be selling out its Australian business to Japanese firm Asahi. Following the company confirming this agreement, there was a spike in  its shares. The company also added that it was still contemplating taking public its Asian business operations. There was a 4 per cent spike in the shares…

GM To Take On European Rivals With Its Newly Launched Mid-Engine Corvette

General Motors Co, the largest auto maker of the United States, is all set to take on the high-performance European cars as it announced the launch of its newly designed mid-engine 2020 Corvette, even as the company faces headwinds of a slowdown in global vehicles demand and an uncertain trading environment. The new vehicle, being…