Following a “natural evolution” and the market strength, Pfizer has announced a breakup into three units. Pfizer Inc, the drug manufacturer of the U.S., informed that the company will be splitting the “business into three units”, namely “innovative medicines, established medicines and consumer...

Chinese authorities have blamed its entertainment industry for fostering “money worship” and “distorting social values” and have set a cap on the salaries for celebrities.   A joint notice from China’s five government agencies which include its tax authority, the television and film...

Ever noticed how innovation, before it becomes hyped by voluble salesmen and loud advertising, happens in quiet and secretive labs? There’s a reason for that, and it’s not only protecting secrets and patents. Banknote-paper producer VHP belongs to velvet layer of the innovation world behind the production units.

The alleged role of employee suicides of top officials of a France Telecom Didier Lombard would now be investigated by French courts about a decade after the incidents had occurred.   Among those accused include the head of the telecom company and six other executives as well as the telecoms...

United Kingdom has announced the issuing of a new form of visa doe entrepreneurs known as “start-up” visa. This is a reflection of the increasing concern about restrictive visa policies of the UK.   According to the Home Office of the UK, this new visa class would take the place of the visas...

During the process of election of three directors to the board of Tesla, its founder and CEO Elon Musk almost lost out to an effort to remove him from a key role at the company.   Removing Musk from the role as the chairman of the company was attempted by one investor.   These two...

Amid the crucial moment when Brexit negotiations are being carried out, the First Abu Dhabi Bank’s new chief executive of U.K. comes with promising experiences. The FAB or First Abu Dhabi Bank, being the largest bank in the UAE, has a new chief executive officer for leading its U.K operations....

Howard Schultz, the founder and long-term head of Starbucks, stepped down as chairman of the company's board of directors and said that he was considering a possibility of going to public service. This statement has already caused active discussions on whether Mr. Schultz is going to put forward...

Rehn beats nine other applicants and bags the position of the Bank of Finland’s governor. The ex-economic official of the EU, Olli Rehn, is offered the post of the Bank of Finland’s Governor from last week. The said term period lasts for “seven-year term effective from July”, as reported by the...