Ryanair alleges conspiracy between Lufthansa management and Air Berlin

Ryanair alleges conspiracy between Lufthansa management and Air Berlin

Alleging a conspiracy between Lufthansa management and Air Berlin, budget airline Ryanair filed a complaint with European Union (EU) competition authorities on Tuesday.

Ryanair filed the complaint after Air Berlin filed for bankruptcy protection and received a government loan of 150 million euro ($177M) to stay afloat.

The government loan is expected to help Air Berlin to keep flights going on for the next quarter months, allowing the company’s negotiations for a possible deal with German airline Lufthansa to continue.

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Nvidia shares fall on lower-than-expected quarterly revenue

Nvidia shares fall on lower-than-expected quarterly revenue

Stock price of Nvidia Corporation slipped on Thursday after the chip maker, its data center and automotive businesses missed quarterly revenue estimates of market analysts.

Revenue from the company’s data center business more than doubled to settle $416 million but it missed estimates analysts’ forecast of $423.3 million.

Automotive business revenue jumped 19.3 per cent to $142 million, but it also missed analysts’ average expectation of $146.2 million.

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Mylan NV could face decline in profitability in 2017 and 2018

Mylan NV faces decline in profitability in 2017 and 2018

Generic drug maker Mylan NV admitted on Wednesday that delays in the launch of some of its new drugs in addition to eroding prices for generics in the U.S. could hurt its profitability in 2017 as well as in 2018.

Due to uncertain U.S. regulatory environment, Mylan NV pushed back the launch of its key drugs in the U.S. to 2018.

David Maris, an analyst with Wells Fargo, said, “It’s clear they can’t achieve it. The fact they can’t make that tells you things must be bad. The $6 number has had a long and questionable history in my book.”

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European stocks slide amid U.S.-North Korea tensions

European stocks slide amid U.S.-North Korea tensions

European stocks slipped sharply on Wednesday as tensions between the United States and North Korea continued escalating.

In Frankfurt and Paris, the DAX 30 and the CAC 40 index PX1 dropped 1.1 per cent to 12,160 and 1.3 per cent to 5,152, respectively.

Investors rushed to sell off their stocks after North Korean leader Kim Jong Un warned that his military could strike the United States’ military base in Guam.

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China’s export-import growth slips

China’s export-import growth slips

China suffered a minor setback in the growth of its exports and imports during July this year, newly revealed trade data showed. Some analysts warned that weaker import growth could be signaling a long-expected slowdown in the world’s second-biggest economy.

Raymond Yeung, chief economist for Greater China at Hong Kong-based ANZ, said, “External demand is not really worrying in terms of the outlook. But we have to be cautious about the import outlook.”

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Renault signs new JV in Iran

Renault signs new JV in Iran

French carmaker Renault has confirmed that it has signed a new joint venture (JV) deal with Iranian entities to manufacture more than 150,000 cars annually in the country.

As part of the deal, Renault will work with Iranian partners Industrial Development & Renovation Organization of Iran (IDRO) and Parto Negin Naseh to produce cars.

It may be noted here that Parto Negin Naseh has already been a key Iranian importer of Renault products. Renault is already producing 200,000 vehicles per year in the country.

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Activist Investor Ackman wants five ADP board seats

Activist Investor Ackman wants five ADP board seats

After acquiring an 8 per cent stake in Automatic Data Processing (ADP), billionaire investor William Ackman-led hedge fund is planning to ask for board seats at the U.S. human resources outsourcing firm.

The leader of Pershing Square Capital Management is seeking board seats at ADP as he is pushing the U.S. human resources outsourcing firm to slash costs and enhance its returns.

The 51-year-old activist investor told investors that he wanted five board seats, including one for himself, on ADP’s ten-member board.

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Yoga can efficiently ease depression: Research

Yoga can efficiently ease depression: Research

Yoga can not only efficiently help relax your body and mind but also ease psychological disorders like depression, a new study revealed.

In the first-of-its-kind study, a team of researchers found that symptoms of depression significantly improved once patients committed to yoga merely two times a week.

The researchers studied 23 male veterans who participated in twice-weekly hatha yoga classes, emphasizing physical exercises, meditation and breathing exercises, for a couple of weeks.

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Facebook preparing to demote slow-loading stories on News Feed

Facebook preparing to demote slow-loading stories on News Feed

Facebook, the world’s largest social network, is preparing to update its News Feed ranking algorithm to promote fast-loading stories and demote slow-loading stories. Jiayi Wen and Shengbo Guo, senior engineers with the social network, announced that the update to its News Feed ranking algorithm aimed at showing people more stories that will load rapidly on mobile and fewer stories that take longer to load.

Wen and Guo added that the change would allow users to spend more time loading and reading stories relevant to them.

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Facebook reportedly working on dedicated video chat device

Facebook reportedly working on dedicated video chat device

Social-networking giant Facebook is reportedly working on a new device that will be dedicated to increasingly popular video chat.

Citing anonymous sources, Bloomberg reported that the dedicated video chat hardware will be the inaugural major product from the company’s Building 8 product development lab.

The device will reportedly include a notebook-sized screen, and it will try to make geographically separated video participants feel like they are together in the same space.

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