After Australia, the Canadian government has said that it will make Facebook Inc shell out money for the news content that it uses on its platform and has sought to get together allies in the media battle with tech giants…. Read More ›
Month: February 2021
British Supreme Court to rule on Uber’s drivers rights today
On Friday, Britain’s Supreme Court is set to give its verdict over workers’ rights at Uber in what could be a potentially landmark judgment with major ramifications for millions of people in the gig economy. In 2016, in a lawsuit… Read More ›
Australian Competition and Consumer Commission raises antitrust concerns on Aon’s $30 billion bid for Willis Towers Watson
Australia’s antitrust regulator has raised initial concerns over Aon’s $30 billion acquisition bid for Willis Towers Watson which aims to create the world’s biggest insurance broker. The development comes in the wake of similar moves by EU antitrust regulators. In… Read More ›
78 Brexit companies relocated to Netherland, 550 in relocation talks: Netherlands Foreign Investment Agency
On Thursday, in a statement Netherlands Foreign Investment Agency stated, there has been a flow of businesses moving into the Netherlands because of Brexit; this is despite direct foreign investment dropping by a quarter because of the coronavirus-induced COVID-19 pandemic…. Read More ›
Amazon’s internal documents reveals how it dodges Indian regulations
In a significant development that sheds some light on the inner machinations of Amazon.com Inc, the world’s largest online retailer, in early 2019, Jay Carney a senior executive at Amazon.com Inc while preparing for an important meeting with India’s ambassador… Read More ›
British American Tobacco Reports Profit Rise Even With Fall In Sales
British American Tobacco (BAT), the owner of a number brands of cigarettes including Lucky Strike, Pall Mall and Camel, reported an almost 9 per cent growth in its profits even though the noted lower sales of its products partially because… Read More ›
China Becomes EU’s Biggest Trading Partner In 2020 Outpacing The US
China has overtaken the United States as the largest trading partner of the European Union in 2020. While there was a fall in EU’s trading with most of its major trading partners during the pandemic hit year, China on the… Read More ›
Air Line Pilots Association reject tentative deal signed by JetBlue Airways Corp and American Airlines Group Inc
In a statement, the union of JetBlue Airways Corp stated, it has rejected a tentative agreement that would have given the airline contractual relief to implement its planned partnership with American Airlines Group Inc. In July, budget carrier JetBlue and… Read More ›
Shares of Chinese drone maker EHang Holdings plunge, following report of inaccuracies in financial reporting
Shares of Chinese drone maker EHang Holdings Ltd’s plunged on Tuesday following a report by an investment research firm which stated that it had shorted the stock and questioned the accuracy of its business reporting. Shares of Guangzhou, China-based EHang’s… Read More ›
Nestle selling most of its North American water brands to Private equity firms Metropoulos & Co and One Rock Capital Partners for $4.3 billion
On Wednesday, Nestle SA said it will be selling its North American water brands including Poland Spring and Pure Life to private equity firms Metropoulos & Co and One Rock Capital Partners for $4.3 billion. The sale also includes brands… Read More ›
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