US-based food company HJ Heinz is evaluating plans to cut about 250 jobs in the UK and Ireland, as part of an effort to restructure its business. This move comes after comes after the sale of the company to an investment consortium ...
Production of BlackBerry smartphone devices has been cut in half after the company's CEO, Thorsten Heins, effectively put the company up for sale. Heins, who under his contract of employment stands to earn more than $50m if the company is ...
As the BlackBerry brand slowly dies, considerations are being made about what do do with its assets, including more than 5,000 US patents built up over a decade of innovation in the mobile marketplace, and more than 3,700 wireless ...
Tags: Blackberry, smartphone, Computer Products
UK-based 2 Sisters Food has announced that it is evaluating the closure of a roast chicken plant at Haughley Park, Suffolk, England, a move which will result in about 630 job losses. This announcement comes after the company publicly ...
Tags: 2 Sisters Food, Roast Chicken
India's Mines Ministry is seeking to reduce the country's iron ore export tax from the current 30 percent amid the sharp decline in iron ore exports, according to media reports. The Indian government increased the iron ore export tax from ...
Tags: India Mulls, Iron Ore
India is mulling a ban on the export of onion in order to ensure domestic supply and prevent steep rise in prices that could lead to a further stoke inflation. Over the past few weeks, the prices of onion have increased sharply. The ...
Tags: Onion Exports, Food
GlaxoSmithKline (GSK) is mulling to establish a joint venture (JV) with a Chinese company as part of its vaccine strategy of teaming up with local partners. The plans come at a time when the company is facing corruption and tax laws ...
Tags: Vaccine Research, GSK
The Government of Nigeria is considering on making it compulsory to produce school uniforms from domestic fabrics, according to the Minister of Trade and Investment Olusegun Aganga. Speaking at a stakeholders’ workshop on ...
Tags: School Uniforms, Fabrics
It's reported that the Japanese Nippon Steel & Sumitomo Metal Corp (NSSMC) planned to raise its prices of H beam and bright bars by ¥3,000/ton for July production, in spit of high stocks in the market. It's learned that the local ...
Tags: H-Beam, steel, Construction
Teys Australia is evaluating the closure of its meat processing facility in Beenleigh, Queensland, a move which will lead to 800 job losses. The company's announcement comes after the Australasian Meat Industry Employees Union (AMIEU) ...
A replacement for the ill-fatedMaybach brand is continuing to be assessed internally, with an expanded from within Mercedes-Benz S-Class line-up the most likely option to stretch back towards seven-figure ultra-exclusive limousine ...
Tags: Mercedes-Benz
Intel invested about $10.5bn in Israel during the past decade. Intel has begun negotiations with the Israeli government regarding its plans to invest $10bn in the country. The US chipmaker will invest about $3bn to revamp the existing ...
Shell's hopes for a new gas-to-liquids mega project on the US Gulf Coast would benefit from much-improved process efficiencies, but any resulting cost savings could be limited by the need to build most of the plant outside the US, Shell ...
Tags: gas-to-liquids mega, Chemicals
Russia's Rosneft is considering the possibility of buying crude on theinternational market to supply a planned refinery and petrochemicals complexin Russia's Far East, CEO Igor Sechin told reporters Friday. "We don't need to pump all the ...
Tags: Petrochemical Plant, Rosneft Mulls
China Minmetals Corporation president assistant Wang Jionghui states that the company is considering bidding for Rio Tinto Canada iron ore business. Rio Tinto plans to sell 59 percent equities in its Canada iron ore business; analysts ...
Tags: Metallurgy, Mineral, Energy