Marks & Spencer has entered into a joint venture with online supermarket pioneer Ocado and has thus forayed into the online full delivery service market. On Wednesday, British retailer Marks & Spencer (M&S) has agreed to form a joint venture with Ocado, an online supermarket pioneer. The development assumes significance since it would provide M&S…
The argument that if Britain is okay with using Huawei’s 5G equipment means its alright for other countries to use may not gel very well since one man’s meat is another man’s poison. In a development that bodes well for China’s Huawei, the Financial Times has reported citing two sources familiar with the conclusion of…
The contract has a 10-year tenure and is for the supply of advanced components for various fighter aircraft. Meggitt Plc, a UK-based engineering firm has signed a $750 million contract with Pratt & Whitney for the supply of components for two of its engines. The 10-year contract agreement with Pratt & Whitney is for the…
UK has plausibly denied Bloomberg report to lend a sense of calm so that it can continue identifying details of the perpetrators. On Friday, Britain’s national cyber security agency stated, it does not yet have any reasons to doubt the assessments made by Amazon and Apple refuting Bloomberg’s report that their systems had been compromised…
The disclosure by the European boss of the PSA Group makes it clear that a cliff hanger Brexit would be detrimental to its car production line in the UK. On Tuesday, Maxime Picat, the European boss of the PSA Group stated, if Britain were to leave the European Union without a deal and if the…
Ola is steadily expanding its footprint in overseas markets. Earlier this year, it had forayed into the UK and the Australian ride-hailing markets. On Tuesday, Indian ride-hailing platform Ola said it plans on expanding its operations to New Zealand. The move underscores its latest push overseas as it ups its rivalry with its peer, Uber…
Although many app-only banks have sprung up across Britain, Revolut outshines the crowd since it is the digital bank to integrate an investment platform into its app alongside everyday banking services. On Thursday, Britain’s digital-only bank, Revolut, stated as part of an efforts to further bring innovation and competition into the financial services sector, it…
Brexit related issues, including increased tariffs and the customs checks could have widespread ramifications across JLR’s supply chain and significantly increase it costs. The CEO of Britain’s biggest carmaker Jaguar Land Rover has disclosed it requires more clarity on Britain’s terms of exit from the European Union before it can decide whether it can produce…
Petroleum giants, whose business model earlier revolved around fossil fuels, are increasingly diversifying into cleaner technologies with consumers preferring electric vehicles to their dirty polluting gas guzzling cousins. BP Plc disclosed it has invested $5 million in FreeWire, a U.S. mobile electric vehicle charging company. Demand for cleaner vehicles are expected to soar in the…
Shares of AMS, a chipmaker appreciated by 206% in 2017. On Friday, European stocks steadied their footings and were set to post their strongest gains since 2013 buoyed by surging tech stocks as well as a robust resources sector. Although the eurozone blue chip stocks dropped by 0.1%, the pan-European STOXX 600 index remained flat,…
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