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Task Of Reviving Audi Brand To Be Undertaken By Former BMW Executive

Microsoft To Probe An Israeli Firm It Invested In About Unethical Use Of Tech

Reader's Pick

"Metalu Plast helps everyday athletes reach their goals" says Guillaume Deguerry Marketing & International Manager 10/23/2019

Aramco’s Planned IPO To Being On Nov. 3: Reuters 10/29/2019

McDonald's CEO Resigns Due To "Consensual Relationship" With A Subordinate 11/04/2019

Indian Gov. Seeks Explanation From WhatsApp About Privacy Breach Of Its Indian Users 10/31/2019

Fiat Chrysler Confirms Negotiations With PSA For A Possible Merger 10/30/2019

Latest Business News
Task Of Reviving Audi Brand To Be Undertaken By Former BMW Executive

Task Of Reviving Audi Brand To Be Undertaken By Former BMW Executive

Companies

The 2015 diesel-cheating scandal had resulted in the German premium car maker Audi losing out some of its key engineering know-how and influence and now its parent company Volkswagen has appointed Markus Duesmann, a former BMW executive, for addressing the situations and bringing Audi on track.   Starting April 1 next year, Duesmann will take on the mantle as the chief executive of Audi...
Microsoft To Probe An Israeli Firm It Invested In About Unethical Use Of Tech

Microsoft To Probe An Israeli Firm It Invested In About Unethical Use Of Tech

Companies

Investment in Israeli facial recognition company called AnyVision was done by Microsoft this summer through its venture capital arm M12 and the US tech company now has hired US Attorney General Eric Holder to audit the company.   The ACLU has criticized the investment in the company by Microsoft back then.   According to news reports, monitoring of monitor Palestinian residents in...
Strong Q3 Results Prompts Walmart To Raise Earnings Forecast

Strong Q3 Results Prompts Walmart To Raise Earnings Forecast

Companies

The United States based retailing giant Walmart beat market expectations for the third quarter in US comparable sales driven by customers spending more at its stores and purchasing more through its website. This resulted in the retailer gaining market share in food and other groceries segments.   Based on the encouraging third quarter performance the largest retailer of the world also...
Alibaba Cleared To Sell Stocks And Hong Kong Stock Exchange

Alibaba Cleared To Sell Stocks And Hong Kong Stock Exchange

Companies

China’s e-commerce giant Alibaba Group Holding has been granted permission to sell up to HK$117 billion or $15 billion of new shares through a secondary listing in Hong Kong.   This permission to Alibaba, which till now holds the record for the largest initial public offering ever in 2014, is being viewed as a booster for the local financial market and the Hong Kong stock exchange even as...
Cases Over Alleged Sexual Harassment Filed By Former Mcdonald's Workers In US

Cases Over Alleged Sexual Harassment Filed By Former Mcdonald's Workers In US

Companies

A proposed class-action lawsuit was filed against McDonald's and one of its Michigan franchisees by a former employee of the company Jenna Ries on Tuesday within a week of one of the largest fast food chains of the company firing its CEO over charges of him having a relationship with a subordinate. The former employees at the fast-food chain want have urged the company to take prompt action...
Veggie Rebel Whopper From Burger King Now Available Across Europe

Veggie Rebel Whopper From Burger King Now Available Across Europe

Companies

United States based restaurant chain Burger King has tied up with Unilever to sell the latter’s plant-based patty as the US firm rolled out its meat-free Rebel Whopper across Europe on Tuesday. This is the largest product launch in the history of the burger chain and the largest deal with a restaurant company for its plant-based meat patty for Unilever.   A patty made by The Vegetarian...
Alibaba's Singles' Day Shopping Fest Sees High Demand For L'Oreal, Nestle Products

Alibaba's Singles' Day Shopping Fest Sees High Demand For L'Oreal, Nestle Products

Companies

According to data released by the Chinese online retailer Alibaba for in relation to its Single’s Day shopping festival, brands such as L'Oreal and Nestle stood out to be the biggest winners as Chinese consumers showed acute interest in purchasing food supplements, facial masks and baby milk powder during the largest shopping festival of the world.   Record revenue from sale of to the tune...
Analysts Confident Of Netflix Fending Off Impending Rivalry From Disney And Apple

Analysts Confident Of Netflix Fending Off Impending Rivalry From Disney And Apple

Companies

At a time when the tag of being a market leader of fir Netflix is being threatened by new comers in the industry such as Apple, Disney and Amazon, the streaming service company is set to launch the Season 3 of Netflix's Queen Elizabeth II drama "The Crown" later this month.   But investors are tending to stick with Netflix as believe that the company will be able to weather the threat....
Alibaba Singles’ Day Sales Pass $1 Bn In Just In 1 Minute, On Track To Set A Record

Alibaba Singles’ Day Sales Pass $1 Bn In Just In 1 Minute, On Track To Set A Record

Companies

The annual Singles’ Day shopping event of Chinese online retailing giant Alibaba Group Holding Ltd is set to create a new record in its 11th year as the company said that this shopping blitz generated sale revenues of more than $30 billion mark at 4:31 p.m. (0831 GMT), on Monday.   The figure quoted by Alibaba in about half of the day of the sale is more than 80 per cent of the last...
WeWork’s Business Still Growing Fast, Shows Market Data

WeWork’s Business Still Growing Fast, Shows Market Data

Companies

A recent market study published by CBRE has found that the United States based global office space sharing company WeWork is still doing well with respect to its core business despite the company failing to launch a much hyped initial public offering earlier this year and the ouster of its co-founder and CEO and its ultimate takeover by Japan’s investment form Softbank.   More than 69 per...
No Agreement On Full Tariff Rollback With China, Says Trump

No Agreement On Full Tariff Rollback With China, Says Trump

Markets

Even though reports suggested that the United States and China have agreed on phasing out of import tariffs imposed on each other’s goods worth billions of dollars, the US President Donald Trump said on Friday that he has taken no decision on the rolling back on the tariffs imposed by the White House on Chinese imports.   This comment not only contradicted the reports published earlier and...
Independent Expert Says Waymo Self-Driving Technology Used By Uber

Independent Expert Says Waymo Self-Driving Technology Used By Uber

Companies

It is likely that a licensing deal with Waymo will be arrived at by the ride hailing company Uber or it could resort to acquiring autonomous driving software through other costly changes, the company has said.   This announcement was made by the company after it was discovered by an expert that technology from the Alphabet Inc unit Waymo was still being used by the ride-hailing giant....

World

Planned US Farm Visit By After Trade Talks By China Delegation Cancelled

Planned US Farm Visit By After Trade Talks By China Delegation Cancelled
The plan of a Chinese delegation that had come to Washington to take part in the face to face trade negotiations with United States to stay back after the talks to visit US farm areas has been...

‘Toughest Ever’ Sanctions On Iran’s Central Bank Imposed By The US

‘Toughest Ever’ Sanctions On Iran’s Central Bank Imposed By The US
The ‘toughest ever’ sanctions against Iran were announced by on Friday by the United States president Donald Trump while also indicating that there were no plans for any military actions against...

US Sanctions 3 North Korean Hacking Groups Responsible For Global Cyber Attacks

US Sanctions 3 North Korean Hacking Groups Responsible For Global Cyber Attacks
Three North Korean hacking groups have been identified by the United States to have been behind the "WannaCry" ransomware attacks as well as involved in the hacking of international banks and...

Argentina Appeals To Extend Terms Of Private And IMF Debt

Argentina Appeals To Extend Terms Of Private And IMF Debt
Amidst an increased business confidence over financial health of the country fueled by enhanced political tensions before the general elections in October, Argentina is planning to seek an extension...

Balanced Budget Or Aggressive Spending To Boost Economy, The Dilemma For Australia

Balanced Budget Or Aggressive Spending To Boost Economy, The Dilemma For Australia
Four years ago, the Prime Minister of Australia had warned that the country was heading towards “a Greek-style economic future”. He was referring to the economic policies that had been undertaken...

People

Study Claims Cancer Risk Increase From Consuming Sugary Drinks, including Fruit Juice

Study Claims Cancer Risk Increase From Consuming Sugary Drinks, including Fruit Juice
A study by French scientists has claimed that the risk of contracting cancer could be increased by consumption of sugary drinks such as orange juice or soda.   Consuming of sugary soft drinks...

Huawei Related Gov. Meeting Information Leak End In Sacking Of UK Defense Secretary

Huawei Related Gov. Meeting Information Leak End In Sacking Of UK Defense Secretary
Based on the findings of an incident of leak of information of issues discussed during a high-level government meeting over the issues of the Chinese telecom equipment manufacturer Huawei, the United...

Elon Musk And SEC In New Agreement About Discussion Of Tesla’s Finances

Elon Musk And SEC In New Agreement About Discussion Of Tesla’s Finances
An amended filing in U.S. District Court of the Southern District of New York shows that an agreement over his use of twitter has been reached between Tesla CEO Elon Musk and the Securities and...

Japan Prosecutors Arrest Carlos Ghosn Again

Japan Prosecutors Arrest Carlos Ghosn Again
It was less than a month that former Nissan chief Carlos Ghosn, who has been arrested again, had been granted bail. Ghosn was arrested from his home in Tokyo on early Thursday morning over fresh...

Saudis Hacked Phone Of Amazon CEO Bezos To Access Private Data

Saudis Hacked Phone Of Amazon CEO Bezos To Access Private Data
According to the claims of an investigator, the phone of Amazon chief executive Jeff Bezos, the richest man in the world, was hacked by Saudi Arabia to access some of the personal dtat of Bezos....

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