In a significant development, a landmark report commissioned by the U.S. Commodity Futures Trading Commission, clearly states that climate change poses a “slow motion” systemic threat to the stability of the U.S. financial system, requiring urgent action from financial regulators,… Read More ›
Day: September 9, 2020
Silver Lake Partners to invest $1 billion in India’s Reliance Industries Ltd
On Wednesday, in a statement India’s Reliance Industries Ltd said, U.S. private equity firm Silver Lake Partners will invest $1.02 billion in its retail business. The development sets the stage for a three-way battle between a battle Reliance, Amazon.com Inc… Read More ›
Boris Johnson’s government plans to sacrifice the future of the union by stealing powers from devolved administrations: Wales’ counsel general
In a statement, Jeremy Miles, Wales’ counsel general and minister for European transition stated, according to the British government’s internal market bill, which incidentally breaks international law over Brexit, Boris Johnson’s government is likely to sacrifice the union of the… Read More ›
SoftBank’s market capitalization falls by $15 billion on U.S. tech stock rout
On Wednesday, in a statement SoftBank Group Corp said, its shares were down 5% in afternoon trade on Wednesday extending this week’s downward trot, with the bear trend wiping off $15 billion from its market capitalization, with investors worried about… Read More ›
U.S. Customs and Border Protection prepares ban of tomato, cotton and cotton yard-based imports from China’s Xinjiang over forced labor
In a significant development, the U.S. Customs and Border Protection officials have prepared orders to block the import of tomato and cotton products from China’s Xinjiang region over allegations of forced labor. A formal announcement by the U.S. Administration of… Read More ›