With the aim of loosing dependency on western aircraft manufacturers and because it is set to soon become the largest aviation market in the world, China has been striving to develop its own plane manufacturing industry for the past decade. However there has been criticism of the aircrafts created by Commercial Aircraft Corporation of China…
The rival companies of Starbucks are aiming for making short term gains through concessions while the US based company is making and implementing strategies aimed to make long term gains that would help it to achieve sustainability, said the company’s CEO Kevin Johnson. “Some of those competitors are competing through heavy, heavy discounts that we…
There would be continued negative impact on growth in the near term because of Brexit related uncertainties, warned Royal Bank of Scotland (RBS) as it reported a fall in its profits for the first three months of the current fiscal year. The bank reported a 12.5 per cent year on year decrease in the profits…
A case has been filed against a company based in Upper Hutt and three individuals based in NewZealand by Facebook and Instagram in a United States court alleging that the accused helped others in the creation of Instagram followers that were fake. The company called Social Media Series Limited has a registered address on McCarthy…
Despite the preparation by the social media giant for the payment of a record-setting penalty for settlement of privacy issues with the U.S. regulators, Wall Street seemed to care less as the company announced increased number of users and heightened profit expectations for the first quarter of the current year. Facebook has been facing probes…
Deciding that their merger would have been too risky to pull off, talks of a merger has been abandoned by Deutsche Bank and Commerzbank. “Sufficient benefits” would have been generated by the deal which would have offset the expenses for the deal, said both banks. The two German banks had started merger negotiations only last…
According to a new Pew Research Center survey, the majority of the most prolific users on Twitter are comprised of women. A number of differences between the most active users on the social media platform Twitter and the majority of people on its platform were found identified by researchers of the report of the study…
Solidarity to their compatriot tech workers in China was expressed by employees of Microsoft through a letter that they got published on the software development platform Github. Workers of tech companies in the United States have made use of this platform, owned by Microsoft, for expressing their views and lodging complaints about the grueling working…
After having closed the acquisition of overseas based Costa Coffee in a deal worth $5 billion in the first quarter of the current year, Coca-Cola is now eyeing greater involvement with the wider coffee industry. After Starbucks, Costa Coffee is the largest coffee brand in the world. The company CEO James Quincey does not want…
Tesla co-founder Elon Musk probably surpassed even his own limits of making bold, and by some measures outlandish statements, as he threw up a challenge to the other car makers of the world. “The fundamental message that consumers should be taking today is that it’s financially insane to buy anything other than a Tesla,” the…
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