The growth and inflation projections for the European Union was raised by the European Central Bank but also promised to hold the steady flow of stimulus over the summer as it fears that a retreat from the strategy at this… Read More ›
Economy & Finance
China passes law to counter foreign sanctions
On Thursday, Chinese state television reported that Beijing has passed a law to counter foreign sanctions. The bill had undergone a secret first review in April, and was passed by China’s top legislature, the National People’s Congress (NPC) standing committee… Read More ›
UK, US to collaborate on reopening travel industry
In a statement the British government said, Prime Minister Boris Johnson and U.S. President Joe Biden are likely to collaborate in opening up the travel sector between the two countries “as soon as possible”. In his first overseas trip, Biden… Read More ›
Judicial Court of Paris charges Peugeot with consumer fraud in diesel emission investigation
In a statement Stellantis said, a French court has charged its unit, Peugeot, with consumer fraud and ordered the company to provide $36 million (30 million euros) in in guarantees for potential payouts. The charge, part of a diesel emissions… Read More ›
US Super-Rich Allegedly Pay Very Little Taxes, Claims Leaked Documents
A new website has published leaked data that shows claimed details of how little income tax is actually paid by billionaires of the United States. The tax returns of some of the richest people of the world, including Jeff Bezos,… Read More ›
US Will Collaborate Closely With Its Allies To Ensure Supply Of Electric Vehicle Metals
Considering the environmental and other competing interests, it is imperative for the United States to work with its allies so that it is possible to secure the minerals that are critical for making electric vehicle batteries and process them within… Read More ›
Bigger mergers will attract higher fees after this proposed bill becomes law
In a significant development, the U.S. Senate has passed a bill that aims to increase the fees that companies would have to pay government antitrust agencies in case of large mergers. As a result, these government agencies will also have… Read More ›
Chinese grocery app Dingdong Maicai files for US IPO
Sequoia Capital and Tiger Global Management-backed Chinese grocery app Dingdong Maicai has filed for a U.S. initial public offering. The coronavirus-induced COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies including Alibaba Group, Dingdong, and… Read More ›
Alibaba Launches Slew Of Cloud Products, Including Livestream Shopping To Rival Amazon
With the Chinese e-commerce giant Alibaba planning to expand its reach and business across Asia, a range of new cloud computing products was launched by it recently. The company has been aggressively boosting its presence outside of China in the… Read More ›
Nvidia Files Application With Chinese Regulators For Approval Of $40bn Arm Deal
Eight months ago the acquisition of United Kingdom based chip designer Arm by the United States based Nvidia worth a $40bn deal was announced while the US firm has now submitted an application to Chinese competition regulators for reviewing of… Read More ›
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