In a statement French Finance Minister Bruno Le Maire said, Paris will do its best to iron out burrs on the technical parameters for a global tax reform at the next G20 meeting, which aims to change the way large… Read More ›
Entrepreneurship
Germany’s services & manufacturing sector continues to expand
In August, economic activity in Germany’s services sector saw an expansion, albeit at a slightly weaker pace than the previous month, with businesses which had been hit by coronavirus induced COVID-19 lockdowns catered to pent-up demand. On Friday, as per… Read More ›
11 Ride-Hailing Firms, Including Didi, Summoned By Chinese Regulators Over ‘Illegal’ Practices
Eleven ride hailing companies in Chian were ordered to rectify their non-compliant behaviour by Chinese regulators after representatives of the companies were summoned and interviewed. Interviewing of the companies, including Didi, T3 and Meituan, were conducted jointly by the country’s… Read More ›
Record 225 Mln Euro Fine Slapped On WhatsApp By Ireland Over Privacy
Irish data protection regulator slapped a record 225 million euro ($266 million) fine on Facebook’s WhatsApp following pressure on Ireland by the European Union privacy watchdog to increase the penalty amount for breach of privacy charges. While saying that the… Read More ›
Chinese factory activity grows at slower pace, services sector contracts for first time Since April 2020
For the first time in since April 2020, China’s factory activity contracted in August despite COVID-19 containment measures, rising prices of raw material and adjustments in supply bottlenecks weighed on production output in a surprise blow to the economy. This… Read More ›
Turbulent US exit from Afghanistan sees GDP fall by 9.7%
In a report Fitch Solutions said, Afghanistan’s economy is likely to collapse following the turbulent withdrawal of U.S. forces following the Taliban’s grabbing power. The research arm of the credit ratings agency now expects the country’s real gross domestic product… Read More ›
Wells Fargo’s growth prospects at risk, faces potential new sanctions
In a significant development, following the slow pace of Wells Fargo & Co’s efforts to compensate victims of its fraudulent sales practice scandals, U.S. regulators have now warned the bank that it potentially faces new sanctions. The Consumer Financial Protection Bureau… Read More ›
VW asks US Supreme Court to reverse Ohio Court ruling in diesel emission scandal
In a significant development Volkswagen AG said, it has asked the U.S. Supreme Court to reverse an Ohio court ruling which paved the way for the state to move ahead with a lawsuit over its diesel emissions scandal. Previously, VW had… Read More ›
Hershey Co files lawsuit against cookie maker Cookie Department Inc in Hershey’s Kisses dispute
Cookie Department Inc, a cookie maker based out of California has sued Hershey Co for the right to keep using a stylized chocolate chip teardrop on its packaging, following Hershey complained that it looked too familiar with its famous Hershey’s… Read More ›
China directs closure of American Chamber of Commerce in Chengdu without citing violation of specific Chinese law
Officials from the American Chamber of Commerce in China’s southwestern city of Chengdu said, Chinese authorities have instructed them to close the American Chamber of Commerce. Earlier this week, the chamber notified its members that, in accordance with Chinese laws… Read More ›
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