Jeff Bezos pledged to invest $1bn in India, just after New Delhi anti-trust watchdog ordered an investigation into Amazon and Walmart-owned Flipkart which dominates India’s eCommerce market for $16bn in 2018.in connection with alleged violations of competition law. Mr. Bezos announced the investment to digitise small and medium businesses across India and also targeted $10bnin…
Flybe, the largest operator of UK domestic routes, with almost two in five flights, has been saved from the brink of collapse after the government reached agreement on a rescue deal for Europe’s largest regional airline. Andrea Leadsom, business secretary, confirmed a deal with the troubled airline’s owners after days of talks. The deal includes…
Carlos Ghosn was the chairman of Nissan, the man credited with saving the Japanese carmaker from potential bankruptcy and also CEO of the French carmaker Renault and the driving force behind a global alliance between the two along with the smaller manufacturer Mitsubishi they made up a motor industry group that sold more than 10…
Six people have been killed and 16 injured after an enormous sinkhole swallowed a bus and several pedestrians in Central China outside a hospital in Xining, the capital of Qinghai province on Monday evening.
Taal volcano, one of the smallest volcanoes situated on an island in the middle of a lake in the Philippines has begun spewing lava and emitting huge plumes of ash, located 45 miles south of the capital Manila, triggering the evacuation of over 8, 000 people from the area. 75 earthquakes have occurred in the…
Reliance, an Indian company with adequate resources is venturing into the £50bn online shopping sector with its new platform JioMart with the help of millions of small retailers, like the way it reshaped India’s telecoms sector by offering ultra-cheap mobile data. To attract shoppers JioMart will offer free delivery and returns and discounts of up…
This is the story of the world’s most controversial product tobacco’s fortunes and how science triumphed over addiction. The US has been active in picking economic winners and losers with price supports for farmers, regulatory interventions and outright state funding for innovation through the Defense Research Projects Agency. From Jamestown to the Marlboro Man,…
Iran has admitted “unintentionally shooting down a Ukrainian passenger jet flight PS752 killing 176 people on board. President Hassan Rouhani said an investigation found that “missiles fired due to human error, an unforgivable mistake”. The military said the jet flew too close to a sensitive site belonging to Iran’s Revolutionary Guards and was then mistaken…
China’s Geely has held talks with Aston Martin investors and management and is conducting due diligence as the talks may lead to a technology partnership rather than investment in the UK group. Geely which also owns Britain’s Lotus and Sweden’s Volvo, as well as Germany’s Daimler, is one of the several groups in talks about…
Ali Abedzadeh, Iran’s Civil Aviation Organisation chief said: “ The plane, which was initially headed west to leave the airport zone, turned right following a problem and was heading back to the airport at the moment of the crash”. US National Transportation Safety Board would have normally investigated any crash involving US-made Boeings, but he…