In a statement on Monday, French Finance Minister Bruno Le Maire said, the public deficit is likely to hover at 9.4% of the country’s gross domestic product; the previous estimate was 9%. In an interview with national TV channel France… Read More ›
Entrepreneurship
Iranian oil cargo lands in US, second such import since 1991: EIA
In a significant development, data from the U.S. Energy Information Administration (EIA) shows, 1.033 million barrels of Iranian crude oil landed in the U.S. in March 2021, marking the second such shipment to be imported into the United States since… Read More ›
Tech Supply Chain Threatened With Disruption Due To Vietnam Coronavirus Outbreak
Factories located in Vietnam’s industrial northern provinces, where the units of suppliers of tech giants such as Apple, Samsung and other global tech firms are located, is operating below capacity because of a rapidly spreading Covid-19 outbreak there, said reports… Read More ›
Vietnamese business hub Ho Chi Minh City enacts COVID-19 protocols
In a statement on Sunday, the Vietnamese government said, its business hub Ho Chi Minh City will begin social distancing measures for 15 days starting from May 31. The effort is aimed at curbing the spread of coronavirus-induced COVID-19 pandemic…. Read More ›
3M Co wins lawsuit alleging earplug design cover up
3M Co has won a lawsuit wherein the plaintiff had alleged that the company had covered up defects in the design of earplugs that are used by the military. This is the second case alleging that 3M fudged test results, hid… Read More ›
Backlash Against Big Oil Hailed As Catalyst For Aviation Green Fuels By IATA
According to the head of global airline body IATA, the global airlines will be prompted to raise its own environmental goals because of increasing backlash of activists and investors of oil majors against the companies’ ‘green’ shift which is seen… Read More ›
New Report Calls For Tripling Green Investments By 2030
The State of Finance for Nature Report suggested that the world needs to triple its investment in nature-based solutions by 2030 while increasing them by four times by 2050 to avoid irreversible damage to economies, the planet and humanity itself… Read More ›
DOJ’s Antitrust Division and the Justice Department’s budget gets boost from the President
In a significant development U.S. President Joe Biden has proposed a hike of 11% in budgetary funding for the Federal Trade Commission and the Justice Department’s Antitrust Division, both of which have filed major lawsuits against big tech companies in… Read More ›
European Commission fines ICAP $7.9M for yen cartel
On Friday, antitrust regulators from the European Union levied a fine of $7.9 million (6.45 million euros) on the world’s largest interdealer broker ICAP for taking part in several yen interest rate derivatives cartels. In 2015, although the European Commission… Read More ›
Production At Its Southern India Plant Halted By Ford Due To Pandemic Surge
Following a lunchtime sit-in protest on Thursday staged by the workers of its car plant in India’s southern state of Tamil Nadu, Ford Motor Co said it will halt production at the facility. The workers have been protesting to get… Read More ›
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