In connection with a $2 billion Eurofighter jet order by Austria that was given about more than a decade ago, the Airbus Chief Executive Thomas Enders is being investigated for suspected fraud by Vienna prosecutors, reported international news agency Reuters citing sources in the prosecutors'...

Mexican state-owned oil company Pemex for the first time signed its own hedging contract worth $ 133.5 million against a decline in oil prices to $ 42-37 per barrel. The government of Mexico has been insuring itself against low oil prices since 1990. The insurance payments are always directed the...

After shrinking markets, tough competition and restructuring costs pushed it to a quarterly operating loss on Tuesday, mobile telecom equipment maker Ericsson faces a long and painful overhaul.   An operating loss of 12.3 billion Swedish crowns ($1.4 billion) as previously...

In a massive recruitment plan to expand the superfast broadband network, Openreach opens up ‘1,500’ seats for new trainees. The subsidiary of BT, Openreach is in possession of the U.K’s most “telephony and broadband infrastructure”, while it is also in the helm for their operations. In an...

Bard & Becton Dickinson enter in an acquisition deal to boost their portfolios. Becton Dickinson & Co. supplies medical equipment in the U.S., whereby the firm has plans of acquiring C R Bard Inc. in a “$24 billion cash-and-stock deal”. As a result of which Bard’s added portfolio of devices...

President Donald Trump's review of the visa programme for bringing highly skilled workers into the United States comes at a bad time for Grishma, an Indian software designer.   She was well on her way to fulfilling the ambition of many young Indian IT workers - a dream job in America, fresh...

Housing prices in London showed the biggest drop in eight years in April, as buyers avoided the capital’s central districts, Bloomberg writes. The average asking price in the city fell 1.5% to 636,777 pounds ($ 813 thousand) this month compared to the previous year, which is the largest annual...

At World Trade Organization committee meetings next week, the trade ministry of South Korea is planning to raise the issue of U.S. restrictions on steel imports the ministry said on Friday.   The possibility of new tariffs was raised after U.S. President Donald Trump launched a...

In the beginning, BlackRock has plans of dealing in small consolidations as the drive of M&A is likely to spread industry wide. The C.E.O of BlackRock Inc., Larry Fink, is in charge of the largest asset management system in the world, whereby Fink came up with a waving forecast of “mergers and...