Oil prices have risen by more than $1 dollar after Saudi Arabia raised prices for its crude oil sold to the United States and Asia. Brent crude futures for February gained $1.69 to $71.57 a barrel while U.S. West Texas… Read More ›
Entrepreneurship
Tesla petitions court to affirm arbitrator’s decision in engineer defamation lawsuit
Tesla Inc has filed a petition in a San Francisco federal court asking it to affirm an arbitrator’s recent decision dismissing a former engineer’s claims that it had fired and defamed her for raising concerns regarding contracting practices and defective floormats…. Read More ›
Britain aims to strengthen trade ties with US: trade minister Anne-Marie Trevelyan
British trade minister Anne-Marie Trevelyan will seek to strengthen trade relationship with the United States during her visit to New York and Washington on her trip to the United States this week. A full trade relation between the two countries… Read More ›
Lyft names Elaine Paul as its new CFO
In a statement ride hailing firm Lyft Inc said, it had Elaine Paul as its new chief financial officer; Paul will be replacing Brian Roberts who will be stepping down after seven years in the role. Paul is scheduled to take… Read More ›
House of Representatives to consider Uyghur Forced Labor Prevention Act next week, seeks ban of import of goods from Xinjiang
The U.S. House of Representatives is set to consider a bill next week that aims to ban import of products from China’s Xinjiang region over concerns of forced labor. “Next week is an important week for human rights,” said Representative… Read More ›
Didi Global to delist from NYSE, aims to pursue listing at Hong Kong
On Friday, ride-hailing giant Didi Global said, it will delist from the New York Stock Exchange and pursue a listing on the Hong Kong Stock Exchange following increased pressure from Chinese regulators. Earlier this year in July Didi had pushed ahead… Read More ›
Honduras signals U-turn, keeps China at bay, continues diplomatic relations with US, Taiwan
In a significant development, Honduran president Xiomara Castro said, the incoming government does not plan on establishing diplomatic ties with China as it prioritizes U.S. relations, signaling a reversal of her pre-election stance. Castro appears to have won the country’s… Read More ›
Squares changes name to Block Inc
Payments company Square Inc, led by former Twitter CEO Jack Dorsey has changed its name to Block Inc, underscoring that it looks to expand beyond its payment business into new technologies including blockchain. While the name “Square” had become synonymous… Read More ›
US EU to issue robust statement on China
The United States and the European Union are scheduled to issue a “robust” joint statement after emerging from a meeting on Thursday on their approach to China underscoring a convergence on the challenges posed by Beijing, said a senior U.S…. Read More ›
WTA stands up to China, suspends tournament in Beijing over Peng Shuai concerns
In a significant development, the Women’s Tennis Association (WTA) announced the immediate suspension of all tournaments in China following concerns on the well-being of former doubles world number one Peng Shuai and the safety of other players. The decision by… Read More ›
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