Founder and chief of the United States based electric car maker Tesla’s Elon Musk inquire about the possibility of transforming the “large transactions” of Tesla Inc’s balance sheet into bitcoin as reported by the media based on a Twitter exchange… Read More ›
Economy & Finance
Norway announces travel restrictions on Britain following discovery of COVID-19 strain
In a statement on Monday, Norway’s health minister said, Flights from Britain to Norway will be suspended with immediate effect for a minimum of 48 following the discovery of a new strain of the coronavirus. On Saturday, British Prime Minister… Read More ›
Companies that do not comply to U.S. auditing standards will be debarred from U.S. Stock Exchanges
On Monday, in a statement China said it firmly opposes U.S. President Donald Trump’s bill that would remove any Chinese companies from U.S. stock exchanges unless they adhere to U.S. auditing standards. Chinese companies have tapped the lucrative U.S. stock… Read More ›
Chinese Official Suggests Bank Tie-Ups With Fintech Platforms Could Be Restricted By Beijing
A restriction on the number of banks that a single fintech platform can partner with could be imposed by Chinese authorities, said the country’s former finance minister Lou Jiwei. That measure could be taken up to not allow any such… Read More ›
Dozens Of Chinese Firms, Including SMIC And DJI, Named In US’s Trade Blacklist
The top Chinese chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology Co were among the dozens of Chinese companies that the United States government added to its trade blacklist on Friday in the latest measure implemented by the US… Read More ›
More Than 40 Organizations Victims Of Massive Cyber Breach Identified By Microsoft
More than 40 customers of Microsoft across the world have been identified by the software giant that had been installed with the problematic versions of a third-party IT management program and that were particularly targeted by a hacking campaign of… Read More ›
Coke’s Pandemic Induced Restructuring To Result In 2,200 Job Losses Globally Worldwide
A restructuring plan that is soon to be implemented by the global soft drinks giant Coca Cola will see a reduction of about 2,200 jobs in its global workforce. The novel coronavirus pandemic has already hit the business of the… Read More ›
China-EU Investment Agreement Could Be Struck By Year-End, Says Reports
The European Union and China are trying to strike an agreement on investment by the end of the current year which will give the EU greater access to the Chinese market. Negotiations for this deal has been ongoing for the… Read More ›
Bitcoin’s Value Crosses $20,000 And Hits An All-Time High
The virtual currency bitcoin broke its own record and touched an all-time high of as it went past the $20,000 mark. With the stock market in turmoil this year, the value of this volatile virtual currency has increased by more… Read More ›
U.S. & EU should iron out differences over subsidies to aircraft manufacturers: USTR
In a significant development, in an interview, U.S. Trade Representative Robert Lighthizer stated the United States and Europe should agree to be on the same page and collaborate in opposing any future “hurtful” subsidies used by China to build up… Read More ›