Even if the rest of the rich world did not follow suit, the EU should proceed with an overhaul of taxes on digital firms, the European Commission said according to a draft report. Accused of paying too little tax in… Read More ›
Day: September 20, 2017
Thyssenkrupp-Tata Deal Shakes Up German Election
The moving of the headquarter from Germany to the Netherlands for the new entity that has been formed by merger of the steel making operations of Germany’s iconic Thyssenkrupp AG and India’s Tata Steel Ltd. would result in thousands of jobs and this has… Read More ›
T-Mobile in exploratory talks with Sprint Corp
The deal is likely to attract rigorous scrutiny from antitrust regulators. According to sources familiar with the matter at hand, T-Mobile, the largest wireless operator in the U.S., is exploring the potential acquisition of its rival Sprint Corp in an… Read More ›
Uber’s Asia business under bribery cloud; allegations of bribery being probed by DOJ
Uber’s law firm O‘Melveny & Myers LLP is investigating on why some potentially problematic business dealings were not disclosed sooner. With a federal probe looking into whether Uber Technologies broke U.S. bribery laws, the ride services company has begun reviewing… Read More ›
Chinese logistics and delivery firm Best slashes IPO expectations, raises $450 million
With lackluster performance of shares post IPO, offerings from Chinese firms have investors on their guard. With tepid investor demand, Chinese logistics firm, Best Inc, priced its U.S. initial public offering (IPO) at the bottom of expectations and in the… Read More ›
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