Firmenich Appoints Ilaria Resta as President Perfumery

GENEVA: Firmenich announces the retirement of Armand de Villoutreys as President of its Perfumery and Ingredients business on June 30th, 2020 after a remarkable tenure of over 21 years with…

SpaceX announces partnership to send four tourists into deep orbit

Washington: SpaceX announced a new partnership to send four tourists deeper into orbit than any private citizen before them, in a mission that could take place by 2022 and easily…

Facebook faces off with IRS in big-ticket tax case

San Francisco: A multi-billion dollar dispute between Facebook and US tax authorities over profits shifted to an Irish subsidiary began playing out in front of a judge on Tuesday. The…

Apple to miss revenue forecast as iPhone supply hit by coronavirus

San Francisco: Apple is to miss its revenue forecast for the March quarter due to the coronavirus epidemic, the US tech giant said Monday, warning that iPhone supplies worldwide would…

US brings new charges against Chinese tech giant Huawei

Washington: The Justice Department has added new criminal charges against Chinese tech giant Huawei and several subsidiaries, accusing the company of a brazen scheme to steal trade secrets from competitors…

Pentagon shifts USD 3.8 bn to Mexico border wall construction

Washington: The US Defense Department is shifting another USD 3.8 billion dollars from procurement and other operations to the construction of a wall on the US-Mexican border, official documents sent…

Billionaire Bezos buys estate for $165 mn: report

San Francisco: Billionaire Amazon chief Jeff Bezos has purchased a Los Angeles-area estate for 165 million, setting a new record for the region, The Wall Street Journal reported on Wednesday.…

Trump admn proposes $1.5 billion fund to ensure Indo-Pacific is free of ‘malign Chinese influence’

Washington: The Trump administration has proposed USD 1.5 billion in budgetary allocation for 2021 fiscal for the strategic Indo-Pacific, which it said was part of its efforts to ensure that…

Google draws anger with vacation homes feature

Brussels: More than 30 travel firms — including TripAdvisor and Expedia — complained on Monday to the EU’s powerful anti-trust authority that search giant Google is unfairly trying to encroach…

Senators urge Trump Admin to ask India reduce hike in soda ash import duties

Washington: A bipartisan group of six Senators has urged the Trump administration to work with the Indian government to reduce its import tariff on US soda ash from 7.5 per…

Volkswagen opens bookings for two new SUVs

Greater Noida: German automaker Volkswagen on Wednesday commenced pre-booking for two up coming SUVs which it plans to launch in the first half of the year. The company, which is…

World Bank calls for global effort against virus

Washington: The World Bank has called for countries to step up programs to fight the new coronavirus outbreak, and said it was considering mobilising its own resources against the disease.…

Hyundai suspends production line over China outbreak

Seoul: South Korea’s largest automaker Hyundai Motor halted operations at one of its assembly lines on Tuesday because of a lack of parts due to the coronavirus outbreak in China…

EU will not ban Huawei, but impose ‘strict’ 5G rules

Brussels: The EU will not ban Chinese telecom giant Huawei or any other company in Europe, a top official said on Tuesday, despite intense pressure from Washington to shun the…

Extraordinary growth potential in US-India defence trade: Boeing official

Washington: India offers growth and productivity opportunities for the global aerospace industry and there is extraordinary potential for the defence trade and partnerships to grow between India and the US,…

Trade ministers discuss priorities for WTO’s June ministerial meet

Davos: Trade ministers from 35 member countries of the WTO, including Piyush Goyal from India, met here on the sidelines of the WEF 2020 to discuss priorities and preparations for…

Abating uncertainties on trade, Brexit to help global growth: Lagarde

Davos: European Central Bank President Christine Lagarde said global growth is likely to get a boost from abating uncertainties on trade issues in the wake of new pacts being signed.…

WEF 2020 meeting ends with hopes for better and cleaner economy

Davos: Global leaders expressed hope for better economic growth with lesser trade tensions and a safer planet with commitments to work in areas like climate change, as the 50th annual…

Goyal meets WTO chief, EU trade commissioner, others

Davos: Union Minister Piyush Goyal on Friday discussed with World Trade Organization chief Roberto Azevedo challenges in the multilateral trading system as well as India’s preparedness to engage in reforms…

WEF forms 1st global consortium for digital currency governance

Davos: The World Economic Forum on Friday announced the first global consortium focused on designing a framework for the governance of digital currencies, including stablecoins. The Global Consortium for Digital…