In a development that marks the risks of doing business in China, where Chinese rulers through courts hold absolute power, Chinese regulators have imposed a sweeping restructuring on Jack Ma’s Ant Group, in a move aimed at curbing its valuation… Read More ›
Alibaba Group Holdings Ltd have been fined an exemplary $2.75 billion (18 billion yuan) by Chinese regulators for violating anti-monopoly rules and abusing its dominant market position; it is the highest antitrust fine ever to be imposed by Chinese regulators… Read More ›
Seven Chinese business groups that were charged with manufacturing supercomputers for use by the country’s military were blacklisted by the United States. This is the first such move by the new Biden administration of the United States to put pressure… Read More ›
Midst media reports that Polish medical staff are taking oxygen and intravenous drips to boost their energy, the country’s health minister Adam Niedzielski said, many Polish doctors and nurses are just taking naps between shifts as they continue to fight… Read More ›
On Friday, the chairman of Toshiba Corp issued a statement stating CVC Capital Partners’ recent offer to take the company private, was unsolicited and would require various antitrust approvals and financing. “This initial proposal by CVC was completely unsolicited and… Read More ›
On Friday, according to a media reports, Kimberly Godwin, the executive vice-president of CBS News, is in the final stages of negotiations with Walt Disney Co to become president of ABC News. Godwin, a 14-year veteran of CBS, could potentially… Read More ›
According to sources familiar with the matter at hand, Impossible Foods Inc is preparing for an IPO which could see its valuation touch around $10 billion or more; this is significantly more than the $4 billion it was worth during… Read More ›
In a statement McDonald’s Corp said it aims to hire 25,000 people in its restaurants across Texas, United States in April. McDonald’s will be hiring personnel for crew and management positions in a three-day event from April 13 to 15…. Read More ›
In the hope of reviving sale which has been significantly hit by the Covid-19 pandemic, a new all-digital Watches & Wonders event was launched recently by luxury Swiss watch makers who are usually not known to be big fans of… Read More ›
The latest Forbes’ annual rich list shows that there are more billionaires in the Chinese capital of Beijing than in any other city on the world. The business magazine said that 33 new billionaires were added to the city last… Read More ›
