According to an estimate, around 1.3 billion people watched the final of the last World Cup, and this year the number of spectators would definitely rise. Joshka Fischer, former foreign minister of Germany, estimates that around 80 percent of world population would watch the FIFA world cup while the economic productivity would decline this time [...]
A fierce debate over European Commission’s ambitious plans to compel vehicle manufacturers to cut greenhouse gas emissions by a roughly 20 percent within five years seems to be imminent now. On one hand, the plan was vehemently criticized by environmentalist branding it as too little too late and as a gimmick to appease the industry [...]
In a shocking announcement, Airbus has said that it has postponed a major announcement on job cuts. The company has said European nations could not agree on how to share the work on the plane maker’s next aircraft, the wide-body A350. This surprising statement came soon after an intense board meeting at the parent company, [...]
The leading Indian drugmaker Ranbaxy Laboratories Ltd. said on Tuesday it has submitted a bid for the generics unit of Germany’s Merck KGaA. The buy-out of the unit could be worth as much as 5 billion Euros (US $6.58 billion), analysts say. The company has submitted its bid to the German drug and chemical maker, [...]
Growing crises in EADS management has put France and Germany to reconsider over its duel management system. French and German leaders have called one-day summit at the Toulouse headquarters of Airbus to shape the future of Airbus parent EADS. Both stakeholder nations were in altercation over the failure of Airbus and blamed each other for [...]
Finally, France and Germany have agreed to streamline EADS management, looking to resolve a longstanding power struggle over the company that has dented bilateral relations. In Franco-German summit at Airbus headquarters in Toulouse, both partners have decided to revoke dual management system and unanimously choose Louis Gallois as first sole chief executive of the group, [...]
