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Market Expansion Strategy To Be Pursued Ahead By Saudi Aramco: Reuters

The downstream expansion strategy of Saudi Aramco is planned to be put at par with Big Oil as the largest Saudi oil company hopes to regain lost market share following the end of the oil supply cut led by OPEC, said its chief executive, reported Reuters.   Talks with a number of possible...

Facebook’s Tax And Revenue Reporting Structure To Be Changed Globally

Facebook is looking to bring in some major changes in its tax structures and its advertisement generation strategies.   While the social media platform is planning to relocate its base for global tax and revenue away from Ireland, it is also exploring avenues of booking advertising...

Reducing Fleet Emissions Aim For PepsiCo In Pre-Ordering 100 Semi Trucks From Tesla

PepsiCo Inc has been attempting to reduce transportation and fuel costs as well as emissions from its fleet of transportation. For this purpose, the software and chips maker has placed an order of 100 new electric Semi trucks with Tesla Inc which is the largest order till date for the auto maker...

UBS And Others Working On Blockchain Pilot To Meet The Requirements Of New EU Banking Rules

A block chain platform that would be able to address the impeding trade data standards that the European Union wants to bring in next year is being tested by multiple financial companies are is being led by Swiss bank UBS.   Essentially a shared and incontrovertible database that is...

A Manila Bank Would Be ‘Wiped Out’ For Heist Role, Says A Bangladesh Minister

A Philippines bank had been put to use for channeling about $81 million of stolen money that was taken away by hackers from the Bangladeshi central bank’s account lying with the Federal Reserve Bank of New York about two years ago. and the Bangladesh government wants to “wipe out” the Philippines...

Flipkart Valued At $10 Billion By Softbank While Offering To Buy Shares Of Indian E-Retailer

Shares of Tiger Global, Accel, Kalaari Capital and IDG Ventures, and employees in the Indian e-retailer Flipkart is being sought to be bought over by Japanese telecom and internet conglomerate SoftBank for $85-89 a share. The total valuation for the deal has been pegged at $9-10 billion, according...

The Popular Electric Low-Speed Vehicle – Cenntro Metro, Soon To Be Launched In The U.S.

The Cenntro Automotive Corporation METRO compact utility vehicle (CUV) will be soon brought to the U.S. market. as Troops Technologies managed to secure investments of $1.2 million, aimed at developing the dealer network for the company’s electric low-speed vehicle (E-LSV).   This...

Partnerships Sought By BMW In Its Endeavor To Manufacture Small Electric Cars

Germany’s BMW AG wants to make most of its future min and small cars run on electricity and for this purpose the automaker is in search of partners and is holding talks with other automakers “around the world” such that the company is able to reduce the cost of manufacturing those electric vehicles...

Uber Shares Proposed To Be Bought By Softbank At A Heavy Discount Of 30 Percent v

Share of Uber Technologies have been proposed be bought by Japan’s SoftBank Group Corp at about 30 percent discounted price to its most recent valuation and for a total of $48 billion, say media reports citing sources.   The influence over the company of the former Chief Executive Travis...

Fashion Brand Chanel Still Far Away From Adopting A Completely Online Platform For Sale

Almost all the rivals of France’s Chanel have entered into the digital world of selling merchandise and this company is one of the fashion world’s last hold-outs that is still reliant on the brock and mortar outlets instead of websites to try out new clients. The company has recently said that it...

Google Collected Android Users’ Location Data Secretly Even If Location Service Was Switched Off

A new report has revealed the despite Android users switching off their location services on their phones, their location information had been secretly recorded by Google.   Oracle, the primary rival for Google was behind the expose, claimed a leading security researcher.   The users...

Chinese Airlines Target Troubled Cathay Pilots Who Now Face A Pay Cut

The Chinese airline industry is expanding exponentially and to fill up vacancies for experienced captains, Chinese airlines have targeted disaffected pilots at Hong Kong’s Cathay Pacific Airways and is luring them with sky-high salaries.   There are predictions that the airline industry in...
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