The CEO of the Indian e-commerce giant that Walmart bought a $16 billion stake in has resigned amid an allegation of personal misconduct (WMT)

AP Flipkart Group CEO Binny Bansal has resigned following an allegation of “serious personal misconduct,” according to a press release. The release did not elaborate on the allegation but said Bansal “strongly denies” it. An independent study did not corroborate the allegation but found Bansal made lapses in judgment, according to the release. In May, […]

Deutsche Bank shares spiked after reports JPMorgan could be interested in a stake — but the bank is denying it

REUTERS/Ralph Orlowski Deutsche Bank shares popped 5% on Friday morning after a German business magazine said JPMorgan and the Industrial and Commercial Bank of China could be interested in taking a stake. JPMorgan has officially denied the story. LONDON — JPMorgan on Friday denied it had any plans to take a stake in Deutsche Bank […]

Porsche buys stake, plans to partner with EV supercar maker Rimac

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UK government's reputation at stake over Skripal case – Russia's envoy to Britain

The Skripal case has raised a lot of questions, which are posed not only by Moscow, but by the British people, the Russian ambassador to the UK told RT, and failure to answer them puts the UK government’s reputation on the line. “We have the strategic patience and what we’re going to do is to […]

British Airways owners take stake in Norwegian Air – is full bid on the cards?

International Airline Group (IAG), the company which owns British Airways has bought a stake in the rapidly expanding budget airline, Norwegian Air. Although Norwegian Air has reported, they were unaware of the acquisition until today, the owners of British Airways may make a full bid for the airline. Shares in Norwegian Air Shuttle have soared […]

Finland acquires stake in Nokia

(Reuters) – Finland’s government investment arm Solidium has acquired a 3.3 percent stake in Nokia at a cost of about 844 million euros ($ 1.04 billion) to strengthen Finnish influence over the telecom network gear maker. “We believe that this will be a good investment. One must remember that Nokia is Finland’s largest company and […]

Canada's wheelchair curlers don't need a history lesson — they know what's at stake

It was talked about over and over leading into the Olympics — both of Canada’s men’s and women’s teams being the favourites to compete for curling gold.  Never before had Canada not reached the podium at the Games. The Canadian men’s teams were three-time defending champions Then it happened. Both teams were left off the […]

TV measurement is a ‘big fat mess’ – and billions of ad dollars are at stake

YouTube screencap The TV-advertising industry is wrestling with a massive challenge: how to measure the audience for its shows on digital platforms. Incumbent researcher Nielsen has been working toward a solution, but many network executives are dissatisfied. As more consumers watch shows on devices other than television sets, it only gets more complicated. Having solid measurement […]