Strong growth in the United States, Brazil and Spain helped Banco Santander post an 18 per cent increase in net income for the entire of 2018. According to the annual results as published by the bank, it reported a net income of 7.81 billion euros or $8.93 billion in 2018 while the number in 2017…
The hit of the trade war is forcing Taiwan’s Advantech, the largest maker of industrial computers in the world, to plan boosting its US production. This would allow the company to avoid the 40 per cent tariffs imposed on the its goods by the United States if it were able to assemble more of its…
All of the plastic parts used in packaging of products of Samsung Electronics would now be replaced some suitable alternative materials this year, said the South Korean company on Monday. The company announced that it would use recycled or bio-based plastics and paper in place of non destructible plastics staring from the first half of…
The severance package for the former boss of French car maker Renault should not be “exorbitant”, said the country’s finance minister on Sunday. The French government, which is the largest shareholder in the car company, also said that it would keep a close watch on the issue. Ghosn is under arrest in Japan on charges…
The alliance between the Japanese car maker Nissan and the French automobile company Renault should continue to exist even after the final and ultimate exit of the embezzled former chairman and chief executive of both the companies Carlos Ghosn, said Japan’s trade minister. Till the time that he was arrested in November in Japan on…
Huawei would have no option but to move away from Western countries if restrictions are continued to be imposed upon it, warned the chairman of the Chinese tech giant. Many of the Western countries have put Huawei under severe scrutiny because of fears of that its telecommunications equipment can be used by Chinese agencies for…
The way the United States is treating Chinese tech giant Huawei, is “extremely unfair”, according to one senior executive of another Chinese tech giant Alibaba. The executive opined that the strict action taken by the US to prevent Huawei from accessing the US market was “very politically motivated”. The US was using the trade war…
In order to escape any disruptions that could happen because of Brexit, Japanese electronic firm Sony has decided to shift its European headquarters away from the United Kingdom to the Netherlands. According to the company, this would help it to bypass any issues related to customers after the UK leaves the European Union in March…
The embezzled chairman of the French carmaker Renault who is also under arrest in Japan on charges of financial misconduct as the chairman of Japanese car maker Nissan, Carlos Ghosn, has reportedly resigned from the company. “Carlos Ghosn just resigned last night”, announced the French finance minister, Bruno Le Maire, to Bloomberg Television. Ghosn was…
Even as the United States has been up in arms against Chinese tech giant Huawei alleging its products can be a huge security risk, plans to make use of the next-generation smartphone developed using its own technology rather than of US components was announced by the tech giant this week. Huawei Technologies has been making…
