The launching of an initial antitrust investigation into the proposed acquisition of food delivery firm Just Eat by rival firm Takeaway.com’s in a deal worth £6.2 billion or $8.1 billion has put a temporary halt to the merger. A review into the merger of the two companies had s been initiated by the Competition and…
Talks with the Turkish conglomerate Cengiz Holdings is being held by the British government to convince the firm to purchase British Steel is the planned acquisition of the steel company by Chinese industrial firm Jingye does not go through. However reports suggested that the government is confident that the acquisition of British Steel, including the…
Contributions that it has had to make towards its employee pension plans and retirement benefits will force United States based car maker Ford Motor to potentially take a pretax hit of about $2.2 billion for the fourth-quarter, the company has said. The total amount that it would have to forgo for the fourth quarter includes…
Following a dramatic rise in its share price that pushed the market value of the United States based electric car maker Tesla past the $100bn mark, the company became the second most valued car maker of the world by surpassing the German auto giant Volkswagen. This record valuation also pushes Tesla’s chief Elon Musk to…
The social media company Facebook is set to add 1000 more employees to its already more than 3000 strong workforce in the United Kingdom by the end of the current year, the company has said. An announcement to this effect is slated to be made soon by the social media giant’s chief operating officer, Sheryl…
Growing concerns of the countrywide spreading of the new coronavirus in China has resulted in a sharp increase in the stock price of Chinese drug makers. Rise of more than the 10 per cent daily limited was recorded by a number of Chinese pharmaceutical giants on the Shanghai and Shenzhen stock exchanges. This sudden change…
At the beginning of a legal hearing in Canada against Huawei executive Meng Wanzhou, her lawyers described the charges of breaching of Iran sanctions against her as being a “fiction”. Meng is facing a trial in Canada, where she was arrested at the behest of the US, over her extradition to the US. The United…
One can now use the Windows operating system from Microsoft confidently after the United States based software giant said that it had plugged the loophole that was identified in this widely used Windows operating system all across the world. The National Security Agency of the US was the first to alert the company about the…
The word “Fox” has been removed from the name 20th Century Fox film studio by executive at Disney which, according to analysis, has been done in an effort to distinguish the brand which was acquired by Disney last year, from its former owner Rupert Murdoch. According to reports published in the media in the United…
International efforts to tackle global climate change and increased poverty around the world could be derailed because of the risks of a sharp slowdown of the global economy in 2020, warned the United Nations. This was said by the premier global body in its flagship report before the annual gathering of world leaders in Davos…
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