Gillette will have a respite from the import tariffs imposed on steel by the Trump administration. The parent company of the shaving brand Procter & Gamble gas said that the brand would get a waiver from the 25 per cent import duty on steel that was imposed by United States President Donald Trump earlier this…
Facing pressure from environmental groups and the government, Volkswagen has agreed to hardware retrofit select models of older diesel vehicles as well as offer incentives to swap selected older models of diesel vehicles for newer ones, in the country. As per a source familiar with the matter at hand, Volkswagen will support hardware retrofits for…
The €200bn money laundering scandal that hit Denmark’s largest bank – Danske bank, has been described as the “the biggest scandal” in Europe by the European Commission. An explanation from ministers from Denmark and Estonia would be sought by the European commissioner for justice about how the Danske Bank executives and regulators did were not…
After a series of violent protests in Germany, the employees of Siemens are being urged to speak up by the company. In a letter sent to its 4300 employees in the Saxony state of Germany, the global engineering company urged its employees to fight the xenophobia prevailing there at the moment and thereby uphold the…
China’s leader, Xi Jinping had recently said that he wants to do something about the fact that too many of Chinese children are needing wear glasses. The result was wiping off of billions of dollars from the market value of the biggest video gaming company of the world. Among the solutions recommended by Chinese authorities…
Websites in Europe may have to delete extremist content on their sites within an hour or face a fine according to a plan by the European Commission. Twitter, Facebook and YouTube among others are one who would be impacted by such a regulation. Such a regulation would be a shift by the EU away from…
A Wall Street Journal report claimed that an offer by Turkey to the United States of releasing detained American pastor Andrew Brunson if the US investigations against Turkish bank Halkbank is halted was turned down by the Trump administration. The proposal, according to the report, was dropping off of terrorism charges against the American pastor…
China has to face some challenges to maintain its economic growth rate over the 5 per cent mark through the next few years. The second largest economy of the world should not pin its hopes only on the continuance of the recovery of the global economy to drive its economic growth. But it is a…
The prices of carbonated drinks would be increased by Coca Cola, the company announced on Wednesday, and United States President Donald Trump’s trade war was partly responsible for the move by the global confectionary company, said its CEO James Quincey. Quincey blamed “broad based” cost increases for a price hike that is most likely during an earnings…
A declaration that highlights and underscores the importance of an “open world economy” where there is benefit for countries from globalization was signed by the leaders of the Brics emerging economies. An “open and inclusive” multilateral trading system as dictated by the World Trade Organization rules was also supported by Brazil, Russia, India, China and…
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