Author Archives
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Mark Carney, former head of UK and Canadian central bank, joins fintech Stripe Inc’s board
In a significant development, Mark Carney, the former head of the UK and Canadian central banks, has joined Stripe Inc’s board of directors. The development comes in the wake of the company reporting that it plans on a funding round… Read More ›
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Israel starts gradual return to normal, widens reopening of economy
On Sunday, Israel began reopening parts of its economy on what it termed as the start of a return to normal following a COVID-19 vaccination drive that has reached almost 50% of its population. While everyone could visits shops, access… Read More ›
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FTSE Russell includes 11 Chinese stocks in global benchmark
In a significant development that marks a sharp contrast in Britain’s stands towards China, a post on index provider FTSE Russell states, it will “add 11 stocks from China’s STAR Market to its global benchmarks” thus allowing Beijing to benefit… Read More ›
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Saudi Arabia aims to source 50% of its military hardware locally by 2030, aims to invest $20 billion over the next decade
In a statement the head of Saudi Arabia’s military industry regulator stated, the Kingdom plans on investing more than $20 billion in its domestic military industry over the course of the next decade as part of an aggressive military spending… Read More ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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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 ›
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