The latest auto maker to issue profit warnings for the current year was Volvo as the Swedish auto company announced its plans of cost cutting of its fixed expenses by as much as 2 billion Swedish crowns or $214 million. The company said that its profitability was being dented by pricing pressure and the tariffs…
The World Health Organization has declared the most recent and fatal Ebola virus outbreak in the Democratic Republic of the Congo as a global emergency. It was just days ago that researchers were able to confirm a case of an individual being affected by the virus in the Congo city of Goma that is close…
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…
The rising trend of a large section of health conscious consumers who want to stay away from sugar is forcing many companies to adapt. The global soft drinks industry is one such example which is striving to offer new products that have much less sugar compared to earlier products. And now this trend is being…
Johnson & Johnson has been facing a tough time after allegations that its talc-based baby powder was cause of ovarian cancer and mesothelioma leading to multiple court cases. The company has also been facing charges that it was behind the opiod crisis in the United States. The company however has pledged to create a solid…
The Swedish furniture company Ikea is on a cost cutting spree and would be shutting down its only factory in the United States in December this year. The factory is situated in Danville, Virginia and all production work in the factory would be shifted to Europe. The company says that the logic behind the decision…
Media reports in the United States claim that a record fine of $5 billion on Facebook was approved by the regulators of the country in pursuit of settlement of an investigation that was being conducted against the social media platform over alleged violation of data privacy. The case relate to the data of up to…
Airlines of Latin America and the Caribbean would be sold more than 1000 new passenger crafts by the European planemaker Airbus SE over the next 15 years which would account for about half of the aircrafts that would be needed to fulfill the expected demand in that time, claimed news reports. About 60 per cent…
In case of a no-deal Brexit, companies across Europe could be cut off from their lenders overnight, warned the Bank of England while sounding an alarm on the risks of a no deal to City banks. The shock of Britain crashing out without a deal at the end of October would be able to be…
According to the conclusion of a new research, about half of the highest-emitting and publicly listed companies of the world do not give any proper consideration while decision making to the potential risks of their activities resulting the climate crisis while about a quarter of such companies do not make any disclosure about their carbon…
