Takata airbag issues face many discrimination aside from fines and lawsuit resulting to sales decline along with other automakers who recalled their vehicles. The automakers formed an independent coalition and hired Utah-based Orbital ATK to conduct the investigation who discovered three factors that cause airbag rupture.
Archives
China's Economic Slowdown Is Deliberate and Healthy, According to the IMF
The newly-elected managing director of the IMF, Christine Lagarde, spoke at the Global Women’s Forum 2016 regarding the global economy, especially in the wake of the China economic slowdown. Despite the prolonged slowdown, the IMF foresee that China’s lower growth was deliberate and healthy.
A350 Increased Sales Boost Airbus Earnings to 1.6%, Equalled A380
Due to the increased sale of Airbus superjumbo A380, the company's earnings rose to 1.6% last year. The aircraft maker is hoping another boost in its earnings this year because of the overwhelming order bookings from different countries.
Canadian venture capital at 10-year high
Led by technology sector, venture capital (VC) investments in Canada reached 10 year high in 2015. Canadian Venture Capital & Private Equity Association (CVCA) said 536 deals in funding for entrepreneurs raised $2.25 billion in 2015.
Indian app-makers woo VC funding as smartphone sales soar
Indian smart phone market is witnessing robust growth rate and attracting foreign venture capitalists (VCs). The home-grown apps are creating more demand for venture capital. India is second largest market for smartphones after China.
Latest News
Deutsche Borse confirmed that it is in talks with London Stock Exchange regarding a potential merger. The parties remain hopeful that a possible merger transaction will take place.
Usher and Robert Downey Jr. join a list of investors to help fund online learning platform MasterClass in its Series B round. In total, the round raised $15 million as the company plan to further expand its area of subjects as well as adding new instructors.
Elon Musk has shared a brainchild for travelling from one city to another with extraordinary speed through a hyperloop in 2013. The plan is now getting implemented at Quay Valley in California. If the project becomes commercially viable, people will get an opportunity to travel at 800 MPH subject to getting approval from the government authorities.
Bank of England has many choices to boost Britain's economy. The bank may slack its financial policy on fears that the country may exit the European Union.
Electric Vehicle (EV) purchasers enjoy different sorts of benefits from the federal and state governments. Irked with the subsidies, the Koch Brothers have dedicated a fund for lobbying in pulling back the subsidies for EVs. Tesla Motors CEO, Elon Musk has however, protested the news ignoring the fact that his comparison may be treated as ‘Apple to Apple’ or ‘Apple to Orange’.
The association of British manufacturers warned that Brexit will bring the country to uncertainty and risk. Meanwhile, poundsterling continue to be under pressure as the debate over U.K. to exit EU continues.
Williams Cos has decided to offload its Canadian operations for $1 billion. It is hoping to put it on the block in next week. In fact, it has already appointed two investment banks to oversee the sale process.
G20 finance minister meeting will be held starting this Friday in Shanghai. Ahead of the meeting, Taro Aso, Japan Finance Minister said that he expect G20 to discuss ways to move global economy.
China has unveiled a series of new initiatives to push its economy growth rate. The government is keen on meeting the increasing demand in small and medium-sized homes. Another set of new rules for accelerating reforms at state-owned enterprises will be announced soon.
