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General Motors To Shut Operations In Australia, NZ And To Sell Off Its Thai Plant

United States based auto giant General Motors Co is leaving more markets apart from its home market and China.   The company has announced that it will stop sales, design and engineering operations in Australia and New Zealand while also stop production of its Holden brand by 2021.  ...

China’s Central Bank To Disinfect And Destroy Currency Notes To Prevent Virus Spread

A new strategy has been implemented by the central bank of China to contain the spread of the deadly coronavirus.   The People's Bank of China said that currency notes that are potential infected by the virus would be subjected to deep cleaning or destroyed completely to prevent further...

Google Is Considering Striking Licensing Deals With Publishers Of Premium News Content

In order to confront allegations that it is profiting unfairly from news articles and content that is copy righted. Google has reportedly started negotiations with media organizations to pay them for using their content, said reports quoting sources with knowledge of the matter.   Reports...

Amazon And Its Indian Rival Flipkart Gets Temporary Relief In Indian Court

Following a relief bringing court ruling for Amazon.com by an Indian court which stayed an investigation by the country’s anti-trust regulator into the alleged business practice of deep-discounting, preferential listing of sellers and exclusive pacts by the United States based e-commerce company...

Total Plans To Stop Selling Fuel Oil To Power Plants, Says Its CEO

In an effort to reduce its carbon footprint, the France based oil and gas giant Total plans to bring to a complete stop selling its fuel to power plants, said the company’s chief executive in an interview to the media. The company is also aiming to step up investments in renewable energy projects....

New Charges Slapped In Court By US Against Huawei

The Chinese telecommunication equipment making giant Huawei has been slapped with fresh charges by the United States Department of Justice. The Chinese firm has now been accused of stealing of trade secrets from U.S. technology companies for decades very successfully.   Huawei and its...

Australia Court Overturns Regulator Decision Of Blocking $10B Vodafone-TPG Merger

A ruling of the Australian regulator was over ruled by an Australian court with respect top the merger of unit of Britain's Vodafone Group and internet provider TPG Telecom in a deal that is worth A$15 billion or $10.1 billion. This decision now paves the way for the creation of one of the largest...

Google Completes $2.6 billion Acquisition Of Britain’s Looker

Acquisition of the British privately held big-data analytics firm Looker Data Sciences has been completed by Alphabet Inc-owned Google. The deal worth $2.6 billion was completed after the companies got clearance from the United Kingdom’s competition watchdog, Google said on Thursday.   This...

99% Drop In Operating Profit Of Softbank Group In Q3 Due To Its Vision Fund

Huge losses incurred by its $100 billion Vision Fund of SoftBank Group Corp resulted in the investment company’s third quarter operating profits dropping by a stupendous 99 per cent which was way below what the markets have been expecting.   During the quarter, a total loss of 225 billion...

Ghosn Inflated His Pay Using A Nissan-Mitsubishi Venture

Lawyers of Nissan and Mitsubishi have alleged that the former and now fugitive chairman of the two companies - Carlos Ghosn, has utilized a joint venture of the two auto majors to inflate his pay which effectively allowed him to cover up a cut into his declared wages as well as to get financial...

New Concept Plane With 'Blended Wing Body' Unveiled By Airbus

A new place design aimed to reduce carbon emissions by about 20 per cent and one that has a curvaceous design belonging the wing and the body, was unveiled by the European plane maker Airbus.   Code-named Maveric, this secretive and technologically advanced plane design, was secretly tested...

Pinterest Reports Very Strong Q4 Results, Shares Jump

The fourth quarter revenue and earnings for the online bulletin-board service Pinterest beat market estimates which pushed its shares up significantly.   The social media company reported a huge 46 per cent year over year growth in revenue for the fourth quarter at $400 million which was way...
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