Category: Biz & Finance

Another Tesla CAO Resigns, Cites Pressure

Tesla Inc.’s Chief Accounting Officer, Dave Morton, said that he resigns a month after the appointment. “I joined Tesla on August 6, but the level of public...

Coca-Cola Buys Costa for $ 5 bn

Coca-Cola has announced the acquisition of Costa Limited, the largest British coffee chain, by Whitbread Plc for $ 5.1 billion, according to Coca-Cola and Whitbread...

Chinese ZTE posted $ 1 bn Losses Over US sanctions

China’s ZTE Corp, engaged in the production of telecommunications equipment and smartphones, received 7.8 billion yuan (about $ 1.1 billion) in losses in the first...

Argentina Sharply Raised Key Rate After Peso Collapse

The Central Bank of Argentina raised the key rate by 15 percentage points to 60% per annum after the sharpest collapse of the peso to the dollar since 2015, when a...

Microsoft wants its US Suppliers to Provide Paid Parental Leaves

Microsoft will require all its suppliers in the United States to offer their employees paid childcare leave and intends to complete the transition to a new format of...

Trump Announced New Trade Deal with Mexico

The US and Mexico have reached a trade agreement to replace the North American Free Trade Agreement (NAFTA), leaving Canada in the cold. President Donald Trump said on...

China will mitigate the damage from the trade war with the US

The trade war between Washington and Beijing is unlikely to cause any “major” blow to the Chinese economy, an analyst at Morgan Stanley said as quoted by...

Vietnam wants Monsanto to pay compensation for defoliant victims

Vietnam wants the agrochemical company Monsanto to pay compensation for the consequences of spraying harmful agents by US troops during the war in the middle of the last...

Elon refuses to change workstyle

Tesla founder Elon Elon is not ready to change the management style of the company. He stated this on Twitter in response to an open letter from Uber’s board...

ESM: Greece Back On Its Feet

The European Stabilization Mechanism (ESM) on Monday announced the successful completion of the third macro-financial assistance program for Greece and the...