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With Twitter Burden Off His Shoulder, Jack Dorsey Can Now Focus On His Passion For Bitcoin

The business was "ready to move on from its founders" said Twitter's co-founder and CEO, Jack Dorsey, as he resigned as the head of the company.   Now that he does not have the burden of heading one of the most popular social media companies of the world, Dorsey presumably will have more...

Costly Flaw Of Paint On Airbus Planes Expands Beyond The Gulf

There is a disagreement with Airbus as well as Qatar Airways over paint and imperfections on the surface of A350 aircrafts extends over the Gulf as well, with at most five other airlines expressing concerns since the model's high-tech was launched, according to documents obtained by Reuters as well...

Nissan Announces Electrification Program Worth $18 Bln To Compete With Rivals

Nissan Motor Co announced it will invest 2 . trillion yen ($17.59 billion) over the next five years in order to speed up the process of electrifying vehicles to keep pace with rivals within one of the fastest-growing areas for automakers.   It's the first time that Japan's No.3 automaker,...

Appeal To Cancel Reliance-Future Deal Approval Made To India Antitrust Body By Amazon

Amazon has approached India's antitrust regulator to cancel its approval of Future Retail's $3.4 billion deal to sell its retail assets to Reliance and Reliance, saying that they were "illegally obtained", violating an order that suspended the deal as a letter obtained by Reuters documents.  ...

Snam To Clear Path For Hydrogen Highway To Italy, Takes Stake In Algerian Gas Pipelines

Italy's Snam has agreed to purchase an stake in pipelines that transport Algerian gas to Italy in an effort to open the way for the import of hydrogen from Africa to Europe.   Europe's largest infrastructure group for gas announced that it would pay energy giant Eni $385 million ($436...

Amazon Buildings Scene Of Protests On Black Friday

Protests are planned in Amazon locations across Europe, the UK, US, and Europe during Black Friday.   The day for sales and shopping is among the busiest days on Amazon all year long.   An international alliance of equality, unions and environmental organizations called "Make Amazon...

Boeing Negates New Concerns About Its 737 Max Planes

It's been described as "the most scrutinised transport aircraft in history" however, many critics think the Boeing 737 Max is still not completely safe.   It was allowed to fly passengers once more by US regulators in the year 2000 after it was grounded due to two tragic accident.  ...

Musk Opposed To Subsidies Pushes Tesla To Refuse State Aid For German Battery Plant

Tesla announced on Friday that it was withdrawing its application for state aid to its battery factory planned near Berlin since the CEO Elon Musk said Tesla was against all government subsidies.   The European Union in January approved the plan, which included government assistance in the...

Chile’s LATAM Airlines Submits Restructuring Plan Emerge From Chapter 11 Bankruptcy

A restructuring plan in its effort to exit its Chapter 11 bankruptcy was filed by Chile's LATAM Airlines Group SA in which the airlines has proposed to infuse $8.19 billion as capital into the group.    According to the company’s statement issued on Friday about the plans, a combination...

Deal To Purchase Novartis's $20.7 Billion Stake Approved By Roche Shareholders

Roche shareholders voted with overwhelming majority on Friday to approve their shareholders' vote to approve the $20.7 billion deal for the purchase of Novartis's almost one-third voting stake, the Swiss drugmaker announced.   Roche organized an extraordinary general assembly to settle...

Chinese Government Takes Over China Evergrande Soccer Stadium: Reports

A government agency has taken control of China Evergrande's (3333.HK) soccer field with the intention of making it available for sale, a source who has direct knowledge of the matter said to Reuters as the debt-ridden property developer tries to meet obligations.   Evergrande, which is...

Chinese Regulator Orders Suspension Of Roll Out Of Tencent’s New App And Updates

Authorities in China have ordered the domestic technology giant Tencent to put on hold its planned launching of new apps in the country.   A temporary suspension of updates to the products of the company has also been ordered by the country's Ministry of Industry and Information Technology...
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