On Monday, shares of LG Chem Ltd slid by nearly 10% following a statement by General Motors Co that it would recall an extra 73,000 Chevrolet Bolt cars, which use the South Korean firm’s batteries, months after a similar recall by Hyundai… Read More ›
Entrepreneurship
Britain pushes G7 for new economic sanctions on Taliban
Britain plans on collaborating with world leaders to consider imposing new sanctions on the Taliban, which took control of Afghanistan following the disorderly exit of US troops from the country. The G7 is scheduled to meet on Tuesday to discuss… Read More ›
Extinction Rebellion targets London’s financial district
Climate change activists have targeted the headquarters of the City of London’s government following the beginning of their two weeks of protests centered around London’s financial district. More than 200 demonstrators from the group Extinction Rebellion targeted the home of… Read More ›
US FTC Files Refreshed Antitrust Complaint Alleging Facebook Crushed Or Bough Rivals
After having failed once before, the United States Federal Trade Commission (FTC) filed a refreshed antitrust case against the social media giant Facebook Inc earlier this week as the regulator’s latest case contains more information and details to support its… Read More ›
Maersk Strikes Agreement For Securing Supply Of Green Methanol
The largest shipping company of the world, A.P. Moller-Maersk, has struck and agreement for secured supply of green methanol as the company gets ready to begin operations of its fi carbon neutral container by 2023, the company said. Transportation by… Read More ›
Newly Formed British Consortium Will Develop Solid State EV Batteries
A consortium for developing solid-state batteries for electric vehicles has been formed in Britain which includes seven British organisations. The consortium comprises of battery materials supplying company Johnson Matthey, start-up Britishvolt and Oxford University, among others, the group said on… Read More ›
Crypto exchange Binance hires former U.S. Treasury criminal investigator Greg Monahan as its global money laundering reporting officer
In a statement Binance said, it had appointed former U.S. Treasury criminal investigator Greg Monahan as its global money laundering reporting officer, in an effort to reinvent itself as a regulated financial firm from being one of the world’s largest… Read More ›
London court approves $14 billion class action lawsuit against Mastercard
In a significant development, a court in London has approved a $14 billion-plus (10 billion pound-plus) class action lawsuit against Mastercard. According to claimants, 46 million British adults could receive 300 pounds each if it is successful. The class action… Read More ›
Baidu raises $1 billion in ESG bonds
In a statement China’s Baidu Inc said, it has raised $1 billion in two tranches of U.S. dollar sustainability bond, marking its first environment, social and governance (ESG) transaction. While the first tranche covers a 5.5-year bond for $300 million the… Read More ›
Sweden’s Embracer acquires 3 companies midst surging profits
On Wednesday, Europe’s largest gaming firm by market value said, it had agreed to acquire 3 companies after posting record revenues in the first quarter. Earlier this month, Sweden’s Embracer, which has a strategy of boosting growth through deals, said… Read More ›