In a significant development, data from the U.S. Energy Information Administration (EIA) shows, 1.033 million barrels of Iranian crude oil landed in the U.S. in March 2021, marking the second such shipment to be imported into the United States since… Read More ›
Creativity
Vietnamese business hub Ho Chi Minh City enacts COVID-19 protocols
In a statement on Sunday, the Vietnamese government said, its business hub Ho Chi Minh City will begin social distancing measures for 15 days starting from May 31. The effort is aimed at curbing the spread of coronavirus-induced COVID-19 pandemic…. Read More ›
3M Co wins lawsuit alleging earplug design cover up
3M Co has won a lawsuit wherein the plaintiff had alleged that the company had covered up defects in the design of earplugs that are used by the military. This is the second case alleging that 3M fudged test results, hid… Read More ›
New Report Calls For Tripling Green Investments By 2030
The State of Finance for Nature Report suggested that the world needs to triple its investment in nature-based solutions by 2030 while increasing them by four times by 2050 to avoid irreversible damage to economies, the planet and humanity itself… Read More ›
Covid-19 Origin Probes Being ‘Poisoned By Politics’, Says WHO
The probes to find out the origin of the Covid-19 causing novel coronavirus are being “poisoned by politics”m said a top official of the World Health Organization (WHO) on Friday. This Wednesday, United States president Joe Biden announced that he… Read More ›
DOJ’s Antitrust Division and the Justice Department’s budget gets boost from the President
In a significant development U.S. President Joe Biden has proposed a hike of 11% in budgetary funding for the Federal Trade Commission and the Justice Department’s Antitrust Division, both of which have filed major lawsuits against big tech companies in… Read More ›
European Commission fines ICAP $7.9M for yen cartel
On Friday, antitrust regulators from the European Union levied a fine of $7.9 million (6.45 million euros) on the world’s largest interdealer broker ICAP for taking part in several yen interest rate derivatives cartels. In 2015, although the European Commission… Read More ›
Germany to invests $9.74 billion in large hydrogen projects
On Friday, in a statement, Germany’s Economy and Transport ministries stated, Berlin will invest more than $9.74 billion (8 billion euros) in large scale hydrogen projects, in an effort to scale up hydrogen as an alternative to polluting fossil fuels… Read More ›
Robinhood can continue challenging validity of new fiduciary rule, judge rules
A Massachusetts judge has rejected Robinhood’s bid to block state regulators from going ahead with enforcing their legal action on allegations that it encourages inexperienced investors to place risky trades without limits. In a ruling Suffolk County Superior Court Judge… Read More ›
Softbank’s borrowings soar, JPMorgan Chase & Co, Goldman Sachs Group Inc emerge as biggest backers
A filing by SoftBank Group Corp shows, the company’s borrowings from banks have jumped by 42% in the year ending on March 31, with the increase shouldered by foreign lenders. Borrowing from SoftBank Group’s primary lenders shot up to $46… Read More ›