Companies & CEOs
Nexter and its successful international strategy - 03/23/2019
French defence firm Nexter is pursuing its growth rate, both domestically and internationally. 13 years after its re-branding, the Paris-based defence equipment producer, specialized in land systems, is still carried by its one-of-a-king artillery systems and the military activity of France. But behind the business streak, lies a philosophical secret. GIAT industries became Nexter in 2006, as the...
Indonesian carrier cancels order for 49 Boeing 737 MAX 8 liners - 03/22/2019
Indonesia's national carrier Garuda Indonesia canceled an order to acquire 49 Boeing 737 MAX 8 airliners, the Financial Times reported on Friday. “We sent a letter to Boeing asking to cancel the order. Garuda passengers lost their confidence and do not want to fly the Boeing 737 MAX,” the newspaper quoted a representative of the Indonesian air carrier. It is noted that the airline has already...
Why nobody in Europe supports US anti-Huawei campaign - 03/22/2019
The United States started fighting against Huawei Technologies Co. in the summer of 2018. The country also tried to influence its European allies and persuade them not to allow the Chinese to create fifth-generation mobile networks (5G). Australia and New Zealand supported Americans. Encouraged, the US sent its representatives to Europe to clarify that Huawei allegedly cooperates with the Chinese...
Bayer shares fall after US court decides that glyphosate causes cancer - 03/21/2019
Jury in San Francisco acknowledged that glyphosate, which is contained in an anti-weed agent, may contribute to development of cancer. Shares of the German company Bayer fell by 13 percent. On Wednesday, March 20, Federal jury in San Francisco recognized glyphosate as a "significant factor" that influenced development of cancer in 70-year-old men who had been actively using it for nearly three...
Chinese competitor of GoPro to hold IPO in 2020 - 03/20/2019
The Chinese manufacturer of panoramic cameras Insta360 attracted investments in the amount of $ 30 million. The company plans to conduct an initial public offering of shares next year. “We are planning an IPO in 2020 and will attract new investments from the public market, so that we can more actively introduce innovations and change the camera industry,” said Insta360 CEO JK Liu in an interview...
Why is Nvidia paying $ 6.9 billion for network devices manufacturer? - 03/20/2019
Not so famous ancillary equipment — network adapters and switches — has become the backbone of the business for Mellanox. Why are chip makers willing to pay billions for it? Nvidia buys Israeli manufacturer of switches and network adapters Mellanox Technologies. The deal is estimated at $ 6.9 billion, which is a record amount in the history of the American company. Nvidia is profitable and has...
Facebook says goodbye to top managers - 03/19/2019
Last week, Facebook shares fell 2.46% to $ 165.98 per share. The reason was the news that Facebook product development director Chris Cox and WhatsApp vice president Chris Daniels decided to leave the company. Chris Cox was one of the first developers of Facebook and has worked in the company for 13 years. Zuckerberg told about departure of the colleagues in his letter to the employees, published...
“Wherever we go, we are above all at the service of the local authorities' urban project” an interview with Carmen Munoz, CEO of the French Company Citelum - 03/19/2019
Citelum, a subsidiary of the French energy group EDF, is a company specializing in urban lighting, which currently generates more than 75% of its revenue from international operations. Its general manager, Carmen Munoz-Dormoy, explains how the company has established itself abroad and how it is involved in local urban development. 1. In your last activity report, you stated that you are...
Euromonitor: Digital tourism is on the rise - 03/18/2019
The tourism market in 2018 continued to grow and become increasingly digital. In some regions, including Western Europe and North America, online sales have already exceeded traditional ones. According to analysts of research company Euromonitor International, last year the number of tourist trips worldwide increased by 5% to 1.4 billion. Asia was the fastest growing market. There, the number of...
SEC accuses Volkswagen of a major fraud - 03/15/2019
The Securities Commission claims that the automaker was misleading investors. Committing a serious economic crime and repeatedly lying to investors. This is the accusation that was filed against the Volkswagen Securities and Exchange Commission (SEC) and is related to actions of the company during the scandal with a fake engine test results, the so-called Dieselgate. The watchdog is suing...
