Always one for surprises, Sergio Marchionne, CEO of both the Fiat Group and Chrysler announced that he would be creating a combined entity between Fiat Auto and Chrysler. He also went on to reveal to everyone’s amazement, that Chrysler had made an operating profit of $143m in the first quarter and that net debt had…
According to the IMF, who recently released its latest World Economic Outlook – the global economy is likely to expand by 4.2% in 2010. But economic performances will vary around the world – America’s forecast was revised and upped 0.4% to 3.1%. The euro area unfortunately saw no change, but estimations that it may only…
With Britain attracting so many foreign investments to their shores, one has to wonder if they are shooting themselves in the foot? If local owners were majority share holders, one would assume that job creation would be on the rise and that more employment opportunities would be created locally, thus empowering the community. By selling…
ByTED
Having RAW data available at your fingertips is a very powerful tool, it can change lives for the better. Tim Berners-Lee explains the endless possibilities and encourages us to get involved in this trend at his TED talk called “raw data now”. Tim explores a few interesting results, of when government, scientists, institutions and even communities…
Is it ever a wise thing in business to cut your losses and walk away? That’s the question on everyone’s lips as Ford sells Volvo to Geely. Some would say Ford got more out of the deal as they gained more technology from Volvo’s safety engineering. But the harsh truth is, that this was probably the…
There’s a massive debate going on in the medical world, with regards to the BRCA patent. Many claim that the two gene patents, unlawfully stifle both innovation and basic science. But given the history of patent rulings in America, that has been a fringe argument—until now. Federal district court judge Robert Sweet in New York made a ruling…
