In a statement the U.S. Department of Justice stated, the Swiss private banking unit of HSBC Holdings Plc will be paying $192.4 million to resolve a U.S. probe of its role in helping wealthy Americans evade taxes by using undeclared… Read More ›
Economy & Finance
WTO’s Appellate Body To Get Crippled If US Follows Through On Its Threat
A long standing threat by the United States of cripple the system for settling disputes of the World Trade Organization is being carried out by Washington this week which also threatens to throw off track the entire system of governance… Read More ›
More Needs To Be Done Even Though EU Antitrust Body Is The Toughest On Tech Giants
Despite the antitrust body of the European Union being one of the toughest regulators for large tech companies, and have pulled up and punished a number of global tech giants over intentional market dominance strategies aimed to wipe out rivals,… Read More ›
Diesel emission scandal ensnares Volkswagen in Canada
A Canadian government agency has charged German automaker Volkswagen AG of importing around 128,000 vehicles into the country in contravention to the country’s environmental laws. Volkswagen has been charged with violating 60 counts of the Canadian Environmental Protection Act by… Read More ›
JPMorgan Chase & Co’s asset and wealth-management arm to raise $1 billion towards a mezzanine fund
According to a report from Bloomberg citing sources familiar with the matter at hand, JPMorgan Chase & Co’s asset- and wealth-management arm is raising monies for a mezzanine fund. The report states, JPMorgan Chase & Co’s asset- and wealth-management arm… Read More ›
Mexico accepts U.S. steel demand in USMCA deal with rider
Mexican Foreign Minister Marcelo Ebrard has stated, Mexico’s acceptance on U.S. demand on steel in the United States-Mexico-Canada Agreement would be conditional only if the rule takes effect at least five years after the trade pact’s ratification. Earlier this year,… Read More ›
VHP Security Paper and Oberthur Fiduciaire join forces to make counterfeiting even harder
One provides the canvas, the other produces the artwork. For two years now, the two companies have merged their operations, thus providing each other with new technological tools. In an industry where technological advance is key, the alliance between the… Read More ›
Mark Suzman to replace Sue Desmond-Hellmann as CEO at Bill & Melinda Gates Foundation
In a statement the Bill & Melinda Gates Foundation stated, its Chief Executive Sue Desmond-Hellmann will be stepping down after more than five years, and Mark Suzman will be replacing her. Desmond-Hellmann stated, she was stepping down from the Gates… Read More ›
New Legal Challenge Against US Ban Filed By Huawei
The decision by the regulators of the United States to classify the Chinese telecoms giant Huawei as a national security threat has been challenged in a court in the country. This development came after the decision of the US Federal… Read More ›
FCA facing $1.5 billion tax demand from Italian tax authorities
Fiat Chrysler Automobiles (FCA) has decided it will appeal Italy’s tax authority statement which says that the carmaker had underestimated the value of its U.S. business after it bought Chrysler. As per a source close to the matter at hand,… Read More ›
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