In recent weeks some of the biggest companies operating in Britain have been critical of a lack of clarity in Brexit’s outcome. On Thursday, Jaguar Land Rover, Britain’s biggest carmaker stated, if the negotiations between Britain and the European Union were to result in a so-called “hard Brexit” it would cost it $1.59 billion (1.2…
According to the CEO of Society of Motor Manufacturers and Traders (SMMT), Britain’s biggest car manufacturing lobby, “There is growing frustration in global boardrooms at the slow pace of negotiations”. On Tuesday, Britain’s biggest car manufacturing lobby, the Society of Motor Manufacturers and Traders (SMMT), stated the lack of clarity over Brexit has diminished new…
The headwinds stem from the outcome of an investigation which concluded that ZTE and Huawei Technologies are Chinese telecommunications firms that are linked to the Chinese Communist Party’s intelligence apparatus. According to U.S. lawmakers, legislation has already been prepared to block the Trump administration’s agreement with China which allows ZTE Corp to resume business ties…
Given the impetus and the focus that China has laid on ZTE in the ongoing U.S.-China trade negotiations, is probably indicative of the role played by the Chinese firm in its strategic China 2025 policy. China will also need to come of age in the semiconductor industry if it wants to be at par with…
Once the deal comes through, it could provide much faster alternatives to existing Wi-Fi connectivity on airplanes. As per a Bloomberg report, citing sources familiar with the matter at hand, Alphabet Inc’s Google is negotiating with Nokia Oyj to purchase its airplane broadband business. The purchase could enable Google to provide faster alternatives to existing…
The demand which incidentally underscores the wide gap between Viacom’s price expectations and CBS Corp’s offer price indicates that both companies have made little progress in talks. The synergies however have potential since it would position the combined company to better leverage its asset swhile negotiating with U.S. cable and satellite companies. As per sources…
Although the U.S. action could result in a tit-for-tat trade war, its biggest impact would be the breakdown of supply chain of multinational giants, including Apple Inc and General Motors Co. The presidential memorandum signed by U.S. President Donald Trump, which targets up to $60 billion in Chinese goods, is the start of a long…
The effort is in line with Fujitsu’s intent on offloading its non-core businesses. On Friday, Fujitsu Ltd stated it is holding talks with Polaris Capital Group to sell its mobile phone business to the investment fund, a deal which could fetch as much as $456 million (50 billion yen). Japan’s Nikkei news agency stated that…
Ahead of its launch, Spotify and the music group of China’s Tencent Holdings Ltd have aligned their interests for future negotiations with music labels. On Friday, a report by the Wall Street Journal stated China’s Tencent Holdings Ltd and Sweden’s Spotify AB are in talks to swap stakes of up to 10% of each other’s…
While Beijing wants to benefit from European technology in biopharmaceuticals, robotics and upgrade its industry it routinely uses its national security concerns and cyber security regulations to erect trade barriers. Ahead of the EU-China Investment Treaty, a top European business lobby in China has urged Beijing to “walk the talk” on free trade and globalization.…
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