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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
Amid the casino industry in Australia struggling with the Covid-19 pandemic and heightened regulatory scrutiny, the anti-money-laundering agency of the country expanded a probe into due diligence at casinos which includes the three biggest operators of the industry and increasing… Read More ›
In a significant development, an investment industry leader has urged U.S. regulators to require U.S. listed companies to disclose greenhouse gas emissions data and worker demographic information, in efforts to make such details available to ordinary shareholders. This call from… Read More ›
On Tuesday, in a statement Cathay Pacific Airways Ltd said, the Hong Kong government had permitted the extension of the drawdown period for its $1.01 billion (HK$7.8 billion) loan facility by a year to June 2022. The development will help ease… Read More ›
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