More in Companies


4 years

Deutsche Bank Plans to Raise an €8bn Capital Increase

The German bank is preparing for a potential capital increase of about 8 billion euros, seeking to strengthen its balance sheet and free up funds for strategic investments after years of restructuring. Deustche bank is also examining several strategic measures, including an initial public offering of a minority stake in its asset management business as well as retaining its Postbank unit and integrating it into its other German retail business.

4 years

PwC's Darkest Week

The PriceWaterhouseCoopers’ Oscar mix up has dominated social media in the last couple of days, with many financial analysts claiming that Envelopegate could be a major hit to PwC's long-term reputation. The Oscars mistake casts unwanted spotlight on PwC. Not only did the firm’s Academy Award auditors accidentally mix up envelopes, causing chaos when the Best Picture Oscar was handed to the wrong film, but it is also under investigation in different audit cases.  PwC's darkest week continues. 

4 years

Alibaba Set to Become a Major Player in Cloud Services

When you think of the biggest cloud players in the world, one company you might not consider is Alibaba, the Chinese e-commerce giant that held a record $25 billion U.S. IPO in 2014. Alibaba entered the cloud computing business in 2009, just three years after Amazon launched its cloud division, AWS — and Alibaba’s cloud computing efforts are among the ambitious projects that the Chinese e-commerce giant is pursuing aggressively. 

4 years

Lessons learned from the Failed Kraft Heinz-Uniliver Takeover

Kraft Heinz, the consumer products group owned by 3G Capital and backed by Warren Buffett's Berkshire Hathaway, has withdrawn last week a $143bn bid for Unilever — the world’s 4th largest consumer goods company by sales, with revenues of €52.7bn. Unilever's largest shareholders have spoken out after the failed takeover attempt by Kraft Heinz, calling for a break-up of the consumer products giant, which may impact its food brands, including Marmite and Ben & Jerry's, being separated off from its personal care division. Important lessons could be drawn in the failed Kraft Heinz - Uniliver Takeover.  

4 years

Samsung's Crisis Continues

Samsung Group chief Jay Y. Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the technology giant and standard-bearer for Asia's fourth-largest economy.

4 years

Tata Motors' Legacy in Turmoil

The Indian automobile industry has tremendous potential, emerging as a phenomenal source of high-quality supply for global technology. Amongst its leading ambassadors, Tata Motors, which is deeply embedded into the global engineering supply chain. 

4 years

Rolls-Royce Set to Announce Historic Losses

Rolls-Royce Holdings plc, the world’s second-largest maker of aircraft engines, is set to report the biggest headline loss in its history next week, as it absorbs the impact of its £671m settlement with regulators for past bribery and corruption as well as a weaker pound.