Australia further delays $70-bn Shell's acquisition plan of BG
Royal Dutch Shell's $70-billion takeover of BG Group has been delayed as Australia's competition watchdog has postponed its final decision till 19 November. Australian Competition and Consumer Commission (ACCC) cited reasons that market participants expressed their concerns about the takeover that would impact the gas supply competition .
Oct 23, 2015 2:23 AM EDT
Drop in China sales hits Hyundai's profit
Hyundai Motor Co's net profit for the third quarter ending September fell 23 percent. The steep fall in China sales coupled with aggressive global incentives impacted the South Korean automobile major's performance in a more negative way. It missed analysts' forecast.
Carl Icahn will spend $150 million to lobby the congress
Carl Icahn had sent letters to vorious congress leader and key members to reform current tax law. According to Icahn, he is planning to lobby the congress by putting $150 million into the Super-PAC.
British Airways to Restart Gatwick LGW to New York JFK route on May 2016
United Kingdom's flag carrier, British Airways is reopening the Gatwick LGW to New York JFK route on May 2016. The said route was teminated several years ago due to commercial reason suspension.
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United Kingdom To Give off Two Year Multiple Entry Visas to Chinese Tourists to Boost UK Tourism Economy
Amid the Chinese President, Xi Jinping state visit in United Kingdom, the British Prime Minister announced that they are granting Chinese visitors two Year Multiple Entry Visas. The British government is also aiming to strengthen the China-UK relationship.
Oct 22, 2015 8:33 AM EDT
Volkswagen deals with multiple lawsuits, costing billions of euros
It's not yet over for the issues that Volkswagen have to face. It's been dealing with multiple charges one after another making the German automaker spend a lot money due to fines, litigation, and expenditures for the fixing of the affected vehicles.
Oct 22, 2015 4:06 AM EDT
US Treasury makes forceful call on Puerto Rico debt plan, seeks Congress support
The measures by Barack Obama-led US government to keep more pressure on law makers to bring Puerto Rico out of the economy crisis are facing strong resistance from Republicans. The US Treasury has listed out proposals, for which it sought support of Congress to enact them to help the US territory Puerto Rico
Oct 22, 2015 2:00 AM EDT
Starbucks and Fiat are required to pay back millions in taxes to Dutch and Luxembourg Government
The European Commission agreed that both Starbucks and Fiat have been benefiting under illegal tax system. Based on the new ruling, more corporation are expected to be under investigation soon.
Oct 22, 2015 1:47 AM EDT
Canada's new Liberal Prime Minister under pressure to deliver promises
Right after defeating his Conservative opponents, Canada’s new Prime Minister-designate Justin Trudeau is immediately under heavy pressure to perform.
Oct 21, 2015 9:17 PM EDT
Conditional approval for Nokia-Alcatel deal in China
The China's Ministry of Commerce has approved the Nokia's acquisition plan for Alcatel-Lucent with some conditions on the Euro15.6billion ($17.6bn) deal's antitrust process. Nokia has agreed to meet certain terms by 10 December. Nokia has to ensure that market competition wouldn't be impacted with the takeover, which is expected to be completed in first half of 2016.
Oct 21, 2015 9:09 PM EDT
McLaren is comparable to Ferrari 488 and Lamborghini Huracan
McLaren is making its grand entrance and will show the world that it can compete with Ferrari 488 and Lamborghini Huracan. Every details on McLaren is designed for efficiency but the innovation brings luxury and fun driving.
Oct 21, 2015 9:11 AM EDT
China's economy posts weakest growth in six years
China posts its slowest growth since the financial crisis, fueling speculations of further government intervention. The world's second-biggest economy posted GDP growth of 6.9% in the third quarter, its weakest in more than six years.
Oct 21, 2015 8:36 AM EDT
Sony agreed to pay $8M settlement to its employees
Sony agreed to pay a settlement worth $8 million to its employee for the data breach lawsuits filed by them. In the settlement, involved employees will get a payment worth aroun $10,000 per person from Sony.
Oct 21, 2015 8:13 AM EDT
Irish High Court to investigate Facebook's transfer of European users' data to the U.S.
The Irish Data Protection Commission will hold an investigation on Facebook. This is due to the claim filed by an Austrian law student regarding Edward Snowden's revelation that internet companies are compelled to send user's personal data in the U.S. intelligence.
Oct 21, 2015 7:58 AM EDT
Cash-strapped Greece raising prices of tickets for tourist spots
Greece's financial woes are affecting not only locals, but also foreign tourists. The government is set to increase admission fees of tourist spots to offset austerity measures it has agreed upon with international creditors.
Oct 21, 2015 7:46 AM EDT
Chinese President Xi Jinping visits Britain
Chinese President Xi Jinping starts his official four-day visit to Britain today and was welcomed by the Queen herself. Xi Jinping is expected to sign few agreement that will increase both countries relation.
Oct 21, 2015 3:45 AM EDT
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