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Ford Restructuring To Cost 12,000 Jobs In Europe

United States based global car company Ford would be cutting down on about 12,000 jobs in its European operations as a part of its efforts to streamline operations in the region and to enhance its profitability, the auto company announced recently.   The company is on a restructuring process...

Broadcom Hit With Interim Demands By EU In Antitrust Case

The exclusivity clauses with TV and modem makers that the US chipmaker Broadcom possess has been asked to be scrapped by EU antitrust regulators so that no  irreparable harm to the market is done even as the regulators are probing whether this business strategy and some others have been...

Huawei Claims Patent Talks With Verizon Is 'Common' Business

It should not be proper to politicize its patent related negotiations with the United States carrier Verizon because it is ‘common’ business activity, said Chinese tech firm Huawei. A few days ago, a senator filed legislation aimed to stop the Chinese telecom equipment and smartphone maker from...

Smart glasses: Optic 2000 celebrates 50 years of innovation

The last edition of Las Vegas’ global innovation exhibition has been marked with French eyewear specialist Optic 2000’s 50th anniversary. After decades of focusing mainly on optics and design, the French firm is now addressing the next era of glasses: technology integration.

Waymo, Renault And Nissan Sing Agreement For Self-Driving Vehicles

The self driving arm of Google’s parent company Alphabet – Waymo, has got into a partnership with French car maker Renault and Japanese auto giant Nissan with the aim of developing self-driving cars and trucks  for the markets in France and Japan and potentially for all other markets...

$31 Billion Bankruptcy Restructuring Plan Being Contemplated By US’s PG&E: Bloomberg

The bankrupt United States utility giant PG&E Corp. is contemplating a new plan that would help it to be brought out of bankruptcy in March next year. The company is planning the establishment of a $14 billion fund that would take care of claims against it for past wildfires while another $20...

Contract Snags & Iran Tensions Hits $53 Billion Iraq Deal Of Exxon: Reuters

A host of issues surrounding contracts and concerns over security because of the increasing tensions between the United States and Iran has created uncertainty about the execution of a $53 billion project to increase oil output at the southern fields of Iraq by the US energy giant ExxonMobil even...

British Airline Group IAG Issues Letter Of Intent To Purchase 200 Being 737 Max Crafts

The owner of the British Airways – IAG, has agreed to place order for 200 of Beoing’s 737 Max jet in a letter of intent to the airplane marker which comes as a boost for the company which has all of its 737 Max jets grounded for months now all over the world..   The 737 Max jets would soon...

Facebook Unveils Details Of Its Cryptocurrency Libra Blockchain Launch

Facebook has finally announced the details of its much awaited crypto currency called Libra which can be used by Facebook users to purchase things or transfer money to people and play almost no fees for such services.   Users can buy or cash out Libra coins online or at a local exchange...

Impact Of US Ban On Hauwei More Than Expected, Revenue Loss Of $30Billion: CEO

The ban by the United States government on China's Huawei Technologies Co Ltd has hit the company more than expected, said the company’s founder and CEO Ren Zhengfei. This has also forced the company to reduce its revenues expectations for the current year.   On multiple earlier occasions,...

VW Hopes To Raise 1.9 Bln Euros By Floating 10% Of Its Truck Unit

The German auto giant Volkswagen plans to put up for sale 10 per cent shares of its truck unit Traton at the stock exchange and hopes to generate up to 1.9 billion euros ($2.1 billion). Earlier the company had announced its intention of listing of up to a quarter of the business unit.   The...

Bayer’s Attempt To Redeem Image, To Invest $5.6 Billion In Weedkiller R&D

The claims litigations against it in the US over charges that its glyphosate pesticide causes cancer have dented the reputation of Germany’s Bayer and the company is now trying to mend some of that dented image by announcing an investment of 5 billion euros ($5.6 billion) towards research in...
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