After being financially troubled because of soaring rents and following a number of earlier unsuccessful attempts to find a buyer have ultimately forced the United States luxury department store chain Barneys New York to put it up for sale and file for Chapter 11 bankruptcy. In order to stay afloat, new funds from Hilco Global…
The trade war between the United States and China is hitting the heart of the American computer industry. Following the decision of the US administration to blacklist Chinese tech giant Huawei in May, business has not been good for American chipmakers. The new proposed China tariffs by US president Donald Trump is set to hurt…
Reducing carbon emissions from only cars, factories and power plants would not suffice to find a solution to fight the climate crisis, claimed scientists according to a report published by The Guardian. Scientists have claimed that unless there is also a transformation in the way the world produces food and manages land, it would not…
Despite the uncertainties hovering around the exit of the United Kingdom from the European Union, an optimistic outlook for the year by the British Airways owner IAG. The company reported better than expected forecast for the first half of its key summer period along with forecasting growth in revenues and a lowering of growth in…
The increasing rivalry in the video streaming industry is likely to be highlighted in the quarterly earnings reports that are to be filed by Walt Disney Co, CBS and Viacom next week. Analysts also expect some volatility in post the earnings reports in the so-called communication services sector that has performed much better than the…
Google’s rivals would be allowed by its parent company Alphabet to compete for the position of being chosen at the default search engines on new Android devices in Europe but against the payment of a price for the measure. For this purpose, Google would auction spots on a “choice screen” which will allow users to…
Following the approval of a key colour ingredient in its plant-based burger by the United States Food and Drug Administration, those products would be brought into the market and grocery stores in September, said Impossible foods on Wednesday, the closest competitor of Beyond Meat’. Impossible’s use of soy leghemoglobin — or heme — has been…
A recent research report published by the International Institute for Sustainable Development (IISD) found that there can be a revolution in clean energy production if government and other organizations just switch some of the huge subsidies that are given to support fossil fuel projects. The report said that such a situation will lead to significant…
The investigations being conducted into the emissions cheating scandal of Volkswagen (VW) by German authorities have now charged the former chief of one of the brands of the group – Audi, with allegations of fraud. The German investigators have also brought in charges of false certification and criminal advertising practices against the former Audi boss…
While the sale of iPhones of Apple dropped to less than half of the total quarterly revenues of the company for the first time in over seven years, the phenomenon was justified by the company CEO Tim Cook by saying that this change highlights the success of the changed strategy of the company to diversify…
