The U.S. Department of Justice has begun an investigation on the collapse of Bill Hwang’s Archegos Capital Management, which cost large global banks more than $10 billion in losses. To this end, federal prosecutors in Manhattan have sent requests for… Read More ›
In a statement the Mexican government said, “A consortium led by Bombardier Inc’s unit has won a bid for the rolling stock and rail systems for Mexico’s flagship Mayan Train infrastructure project”. The $1.84 billion (36.6 billion Mexican pesos) project… Read More ›
In a development aimed at further boosting the adoption of electric vehicles the U.S. Senate Finance Committee has advanced legislation aimed at boosting the tax credits for electric vehicles to as much as $12,500, as long as they are assembled… Read More ›
In a development that buttresses the previous U.S. Administration’s point of view, U.S. Trade Representative Katherine Tai stated, the United States faces “very large challenges” in its economic relationship with China; the challenge requires the Biden Administration’s full attention across… Read More ›
On Wednesday, in a statement cosmetics maker Coty Inc said, it has appointed Andrew Stanleick as its CEO. Stanleick will manage reality TV star Kim Kardashian West’s business for Coty, said the company, as it pushes into new newer beauty… Read More ›
A framework to strengthen and simply procedural norms between the European Union and Switzerland hangs in the balance as the Bern government meets to consider whether to break off talks over ratifying the draft treaty that was struck in 2018…. Read More ›
A report from The Telegraph stated, the UK treasury may back a global overhaul of corporate tax as outlined by U.S. President Joe Biden if the White House supports its demand to crack down on U.S. tech giants. Britain has… Read More ›
In a statement, the U.S. Commerce Department said, tires for cars and light truck from Vietnam are being unfairly subsidized given that its currency is undervalued. The development marks the first finding of its kind by the US Commerce Department…. Read More ›
On Tuesday, the head of the European Commission said, tensions with Britain, a former EU member, stem from Brexit and not from issues surrounding the Northern Ireland protocol that has been agreed by both sides. After the first day of… Read More ›
In a statement the Chilean government said, citizens who are fully vaccinated against COVID-19 will be allowed to move more freely within the country. The country has sealed its borders through mid-June in a bid to restrict fresh spikes in… Read More ›
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