In a significant development, the European Union called on incoming U.S. President Joe Biden to form a “new founding pact” with Europe and collaborate on a wide range of issues including security, freedom, peace, prosperity, and human rights. “Today is… Read More ›
U.S. hedge fund Elliott Management will be closing its office in Hong Kong. It has shifted responsibility for Asian investment decisions to London and Tokyo in the last three years. According to a source familiar with the matter at hand,… Read More ›
According to two sources familiar with the internal deliberations, U.S. President-elect Joe Biden Administration is weighing the odds of creating a White House position focused “on competition policy and issues relating to antitrust”. One of the sources has cautioned that… Read More ›
On Wednesday, in a statement Japan’s Nidec Corp said, it had filed a patent infringement lawsuit against Seagate Technology LLC and its affiliates. In its lawsuit, filed on January 18, in the U.S. District Court in Delaware, Nidec has accused… Read More ›
In a statement, EBay Inc said, it has started a process to explore a range of strategic alternatives for its South Korean business, including Gmarket – one of the largest online marketplaces in the country. In a report, Seoul-based Korea… Read More ›
On Tuesday, Logitech International said, it has raised its annual forecasts which saw a three-fold jump in quarterly adjusted operating income, driven by a pandemic-driven boost in demand for work-from-home products and gaming accessories. The development sees Logitech raise its… Read More ›
In a significant development, Kimberly Reed, the head of the Export-Import Bank of the United States (EXIM) urged the incoming Biden administration to build on gains made by the Trump Administration to neutralize Chinese export subsidies and provide U.S. companies… Read More ›
According to data from Transporeon, a German software company, there has been an increase in the number of freight groups rejecting contracts to move goods from France to Britain during the second week of January, resulting in price rise underscoring… Read More ›
A law suit is slated to be filed against British telecom (BT) over charges that the telecom company did not adequately compensate its elderly customers even after overcharging them fpr their landlines for years. Those BT customers who only had… Read More ›
On Monday, in a statement, Amazon.com Inc, the world’s biggest online retailer said, it will open two new logistics centers in Italy later this year and plans on sinking more than $278 million (230 million euros) towards them. With the… Read More ›
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