The United States sanctioned Chinese telecom equipment maker ZTE after it was caught illegally shipping U.S. goods to Iran. With the United States banning ZTE Corp from selling its components to U.S. telecom equipment makers for seven years, Chinese funds… Read More ›
Day: April 23, 2018
Amazon increases its traction in India as its expands further into the groceries market
Last week, Jeff Bezos, Amazon’s founder and CEO told shareholders in a letter that Amazon India is its fastest growing marketplace: in its first year of Amazon Prime, Amazon added more members in India than any other location in Amazon’s… Read More ›
Uber faces flak from Australia’s competition regulator
Uber is in the midst of preparing for its IPO in 2019. It is facing strong competition in the U.S. and in Europe. On Monday, the head of Australia’s antitrust regulator stated it will scrutinize contracts signed between Uber Technologies… Read More ›