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$7.15 Billion To Be Paid To Starbucks By Nestle For The Former’s Bagged Coffee Business

Nestle has bagged a premium brand to its global business by obtaining the rights to sell and market Walmart’s products around the world. The Swiss-based food company will pay the U.S. coffee chain $7.15 billion in cash for this deal.   The deal was announced on Monday. The business for which...

Struggling To Manufacture Model 3 Cars, Record Loss Of $170 Million Posted By Tesla

While still struggling to churn out the large numbers of Model 3 electric vehicles, Tesla has expended $745.3m in cash and reported a record $709.6m net loss in the first quarter.   Questions have been raised about the ability of the company to be pay its bills by early next year without...

U.S. Brings Criminal Charges On Ex-Volkswagen CEO Winterkorn On The Diesel Emission Scandal

The former Volkswagen AG Chief Executive Martin Winterkorn has been accused of conspiracy of covering up of the German automaker’s diesel emissions cheating by the U.S. Justice Department on Thursday which has filed criminal charges against him.   Days after the revelation of the diesel...

Q1 Profits For RBS Trebles Because Of Decreasing Costs

The Royal Bank of Scotland reported an increase in profits for the first three months of the current fiscal year at £792 million in comparison to the £259 million in profits made by the bank for the same period last year.   A reduction in conduct and litigation costs, and a reduction the...

Despite Crackdown, Counterfeit Products Galore At Amazon: Guardian

An investigation by the British news paper the Guardian has revealed that potentially dangerous counterfeits and other knockoff goods are abounding Amazon.com despite the company attempting for years to crackdown on mis-selling on its platform.   A very large range of business - from TV...

Just Before Talks, Trade Tensions Between U.S-China Renewed By Huawei Investigation

Even as a couple of senior officials of Donald Trump administration are all set to go to Beijing to talk issues on trade, tensions over trade between the United States answer China were renewed following news of a broad U.S. investigation on Huawei Technologies Co. related to potential...

Shell’s Income Increases Amidst Rising Oil Prices

The recent rise demand and price in the global oil and gas prices helped oil giant Royal Dutch Shell reporting a 42 percent increase in its profits during the first quarter of 2018.   $5.322 billion from a year ago was the reported net income that is attributable to shareholders based...

VHP Security Paper enters a new kind of life

In the mid-2017, major security printing company Oberthur Fiduciaire acquired one of the world's oldest banknote paper suppliers, Dutch VHP Security Paper. The French company expanded its portfolio and won another outpost in Europe, remaining faithful to its strategy of strict control over...

Nasdaq CEO Says It Is Not Closed To Opening Cryptocurrency Exchange In The Future

According to the head of the exchange operator Nasdaq Inc, the organization has not closed its doors to the idea of launching a cryptocurrency exchange sometime in the future with the evolving of the regulatory environment for cryptocurrencies.   After reporting better-than-expected...

Following PSA's Takeover, More Than 4,000 Staff To Leave Opel

There is a high probability that there would be over 4000 staff at Opeal who could resign from their positions by 2020. According to works council chairman Wolfgang Schaefer-Klug. This would be related to the takeover of the German company car maker by the French PSA Group,   A plan for the...

Enhanced Bond Trading Boosts Revenues Of Goldman Way Past Market Estimates

An increase in trading in bonds and stocks because of volatility in the market propelled Goldman Sachs Group Inc to report good quarterly results well above the market predictions and estimates.    There was a growth of 23 per cent in the average revenue from the bond trading business...

Aims Of Internationalization To Take China’s Didi To All Parts Of The World

The largest ride hailing app in the world is China's Didi Chuxing – well known now after it drove away Uber from the Chinese market. It is also the most valued startup in the world with a total worth of $56bn (£39.4bn) currently.   The company is now slowly but surely making its moves to set...
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