South Korean battery maker LG Energy Solution has opened its books for an initial public offering in the country with an aim to raise up to $10.8 billion in what is South Korea’s biggest IPO. LG Energy’s shares will be… Read More ›
Day: January 3, 2022
Germany will offer tax relief to companies and individuals worth $34.1 billion from 2023
In a statement Germany’s new Finance Minister said, the government will offer tax relief to individuals and companies worth $34.1 billion (30 billion euros) in this legislative period. “We will relieve people and small and medium-sized businesses by significantly more… Read More ›
European Commission releases draft green investment rules
In a major development, the European Union has drawn up plans which labels nuclear energy and some natural gas projects as “green” investments. The development comes in the wake of a year-long battle between governments over which investments are truly… Read More ›
Tesla reports record Q4 deliveries, despite global chip shortage
In a significant development, Tesla Inc has reported record quarterly deliveries far exceeding Wall Street’s estimates, as it rides out global chip shortages. The development the sixth consecutive quarter for Tesla, the world’s most valuable automaker, wherein it posted record deliveries…. Read More ›
Morgan Stanley agrees to settle proposed data security class action lawsuit with $60M
US banking giant Morgan Stanley has agreed to pay $60 million to settle a lawsuit brought by customers who have alleged that the bank exposed their personal data when it failed – twice – to properly retire its legacy information technology…. Read More ›
AT&T & Verizon reject request to delay 5G wireless services, offer to adopt temporary safety measures
In a significant development, the CEOs of Verizon Communications and AT&T have rejected a request to delay the planned introduction of 5G wireless services over aviation safety fears. They have however offered to temporarily adopt new safety measures. Earlier last week, U.S…. Read More ›
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