The automobile sector is witnessing a significant divestment because big companies are trying to ditch old ways of making cars. Recently Audi, one of the biggest car manufacturing companies, has decided to cut more than 7500 jobs to support electric vehicle manufacturing. Audi, in its official statement, said that they are going to cut more […]

Google’s latest phone, you cannot take a selfie and does not make calls. The phone is a piece of paper folded into a rectangle and printed with a few pieces of info at home also you can grip a credit card. The phone is a portion of the package of digital experiments; the company intended […]

On Wednesday, after the market closed, third-quarter result of IBM was reported. Despite the murmurs of divestiture, currency, and accounting for Red Hat’s acquisition, revenues were quite expected. The surplus exceeded analysts’ expectations, and the company reiterated its full-year forecast. On a normal basis, Red Hat’s revenue increased by 20% year-on-year, which is an increase […]

French banker Matthieu Pigasse has decided to leave Lazard after 17 years of long association. Pigasse, co-owner of Le Monde newspaper and the longstanding head of France for Lazard, had reportedly taken this step to pursue a new entrepreneurial project. “Lazard in France has an unrivalled franchise, with strong impetus. I am thrilled to begin […]

WeWork an American commercial real estate company that provides shared workplaces for technology startups and services for other enterprises. The company formed in 2010 in New York City. Recently WeWork has declared cut off 2000 workforce which is around 13 percent of its staff. After this incident, the staff has started turn on Adam Neuman […]

A number of startups are being launched in a wide variety of sectors, operating it profitably for a long period of time could be challenging. As per statistics, the majority of the startups fail because of several reasons. There are 3 ways to stand out from the competition without need of many efforts in building […]

According to the Wall Street Journal quoted people familiar with the matter, SoftBank has prepared a financing plan to control WeWork and further let the company’s founder, Adam Neumann, move out. In addition, sources told The WSJ that SoftBank at present owns one-third of WeWork, but its goal is to reinvest billions of dollars in […]

Santos Ltd., an Australian energy company, agreed to acquire ConocoPhillips’ operations in North Australia for $1.4 billion. The acquisition will increase the growth of Asia Liquefied Natural Gas (LNG) market by strengthening the position of Adelaide-based oil and gas producer. The deal could make Santos the largest independent energy producer of Australia. This will drive […]

The Trump administration issued a partial but fully qualified statement denying that it is discussing restrictions on China’s commitment to US companies investing in Chinese companies and financial markets. China vows to open its markets to foreign investment. On Friday, Bloomberg reported that Larry Kudlow, president of the National Economic Council of President Donald Trump […]

The Business roundtable consists of CEOs of the top companies around America. In a recent survey, it’s been found that chief executives of the nation’s biggest companies have lowered their expectations about the growing US economy. They said the US economy would grow at 2.3 per cent as compared to last quarter’s 2.6%. Other than […]

Chinese trade negotiators who earlier this week came in Washington to discuss the trade deals have suddenly changed their plans. At first, they were going to visit Montana and meet US farmers, but it seems like trade negotiators decided to cut their US trip by going there. According to the Montana Farm Bureau Federation, Chinese […]

According to reports Casino Magnate and a top Republican donor, Sheldon Adelson warned Trump about the escalating problems caused by a trade war with China. The report shows that Adelson called Trump a few days ago and talked about the trade war which he started with China and possible effects which might cause him during […]

“Maintain the value of shareholder” is no longer a prime motive of some of the top multi-billion dollar corporations in America. Top executives of the companies such as amazon, bank of America General Motors, J.P. Morgan Chase, Apple, etc. are involved in the business roundtable which released the statement recently. Almost 200 Chief executive officers […]

Trade war tensions are already increasing with the US and impacting on Chinese economy severely. However, a recent report from China shows that the country’s export sector has managed to grow even after facing so many obstacles. Experts who were reciting that China’s export would suffer a considerable amount of losses because of the ongoing […]

The geopolitical situation never brings any good results, and it seems like that’s what’s happening with the USA. US President Trump started a trade war with China a few months ago, and now it is taking a toll on the US economy and him. The reports are stating that Trump is not happy with the […]

When a company takes any significant decisions, investors are those people who carefully watches it more than anyone else. Currently, Disney investors might be on their roller-coaster ride which Disney has started after they recently revealed plans for Disney. Disney is going to launch one of the largest movie streaming platforms in November 2019. It […]

When it comes to managing a large company, they have the onus of following some ethical conduct which will prevent top executives from misusing their powers. Rosette Pambakian, who was the former marketing and communication chief at tinder, has sued the company. In a recent lawsuit filed by Rosette Pambakian in the Los Angeles Superior […]

Home-improvements products chain based in North Carolina Lowe’s is cutting off thousands of employees from in-store jobs. The company is seeking the assistance of the third-party companies to outsource the in-store job roles. Also, the company took this decision to improve the profit figures. The company has not shared any statistics of the laid-off employees, […]

To adopt the environment-friendly policy, the San Francisco Airport has banned the sale of Single-Use plastic water bottles at the premises. From August 20, 2019, no one will be permitted to sell the single-use plastic water bottles in the Airport premises. All of the restaurants, cafes, and vending machine owners will have to follow the […]

When a company gets under government regulations, they have to follow some rules, but Facebook has broken many from last few months. Recently FTC announced a massive penalty of more than $5 billion on Facebook for violating trade rules. However, now experts think all of this is just a big joke, and this penalty is […]