Nestlé cuts staff in equatorial Africa as middle class fails to emerge
June 17, 2015 – Nestlé, the world’s largest food company, cut 15 per cent of its workforce in equatorial Africa amid…
Boeing to build all-electric propulsion satellite for ABS
June 16, 2015 – Boeing is on contract to build ABS-8, the third all-electric propulsion 702SP (small platform) satellite for…
Transport for London pension fund drops LGIM for BlackRock
June 15, 2015 – The Transport for London (TfL) Pension Fund has moved the majority of its assets from Legal…
Spotify raises US$115 million in share sale
June 10, 2015 – Swedish telecom operator TeliaSonera is buying into music streamer Spotify for a slice of the fast…
Sales of smartphones up 33% in Brazil
June 9, 2015 – Brazil’s sales of smartphones increased by 33 percent in the first quarter of 2015 year on…
Russia’s richest man faces $7 billion divorce settlement
June 8, 2015 – The ex-wife of Russia’s richest man Vladimir Potanin wants half his $15 billion fortune. The couple…
Hyatt Hotels invest in home rental start-up as vacation industry is changing
June 3, 2015 – Hyatt Hotels has invested into home rental space, according to media reports. The company has backed Onefinestay, which…
German unemployment hits 24-year low
June 2, 2015 – The number of people registered as unemployed in Germany is lower than it has been since…
Intel to buy Altera for $16.7 Billion
June 1, 2015 – Chipmaker Intel announced today it will acquire Altera for $16.7 billion, accelerating a wave of consolidation…
Brazil’s Tombini vows to drive down inflation rate to target level
May 27, 2015 – Brazil’s Central Bank President Alexandre Tombini reaffirmed yesterday his pledge to drive down inflation to the…