Business & Finance
Case Alleging Discriminatory Ads Against Women & Older People Filed Against Facebook
Yet another controversy has hit Facebook. This time around the largest social media platform of the world has been accused to allowing the use of ad targeting tools on its platforms that arguably have been used for excluding women and older people from availing financial services such as...
Peugeot and Fiat Chrysler sign merger deal
Fiat Chrysler and PSA Peugeot automakers' boards of directors approved the merger on an equal footing, both sides said. The merger will create the fourth-largest car manufacturer in the world, valued at approximately at $ 50 billion. The parties expect to join forces in the development of electric...
Altria announces loss of $ 4.5B investment in Juul
In less than a year, one of the largest tobacco companies in the world lost more than 1/3 of the funds invested in electronic cigarette manufacturer Juul Labs Inc. Altria Group’s statements for the III quarter and 9 months of 2019 note that the company recorded a pre-tax loss of $ 4.5 billion for...
Weak Smartphone Sale, Pick Up In Chip Business In 2020, Says Samsung
Even though the revenues from sale of mobile phones drove the performance of South Korean electronics giant Samsung Electronics in the third quarter, the company expects that its growth next year will be driven by chip sales. A warning that profits from the sale of its smartphones will be...
US coal giant Murray Energy goes bankrupt
Murray Energy Corp., the largest private coal company in the United States, became the last in a series of coal companies to declare bankruptcy. The company filed a bankruptcy petition in accordance with Section 11 of the Bankruptcy Law (restructuring under protection from creditors). "Although...
Qatari Investors Demand Deutsche Bank’s Chairman’s Resignation
Without the Qatari investors’ representative in Deutsche Bank’s board, they will not want to have Achleitner in the chairman’s post. The failure of Deutsche Bank’s chairman to place the lender’s Qatari investors’ representatives in its board didn’t go well with the latter as they have demanded for...
Boeing Knew About Warning About 737 Max By Pilot Before The Two Crashes, Says CEO
There were warnings issued by a Boeing pilot that the Boeing 737 Max plane was was “running rampant” in simulator tests. This was conveyed by the plane’s chief technical to a colleague in November 2016, much before the aircraft was certified to be safe for flying by the United States Federal...
Huawei Now Has 42% Smartpohone Market Share In China
Chinese smartphone maker Huawei has a total market share of 42 per cent in its home market after the company managed to ship about 41.5 million smartphones in the third quarter. This rate of shipment also marked a 66 per cent growth year on year for the company. Despite a general slowdown...
Airbus announces record order for A320neo
IndiGo Airlines of India placed a firm order for 300 A320neo, A321neo and A321 aircraft. Airbus press service noted that the order for 300 aircraft of the A320neo family from IndiGo is "one of the largest orders for Airbus aircraft from any one airline." After completing this order, the IndiGo...
39% Drop In Tesla Sale In Q3 In US, Shows Regulatory Filing
A regulatory filing by the United States based electric car maker Tesla showed how the company had fared in a break down of its sales by geographical area. The filing showed that the sale of the company’s cars in the United States during the third quarter had tumbled by 39 per cent which was the...
