Concerns of investors remained about the lofty evaluation of the United States based electric car maker Tesla as well as the over the prolonged global chip shortage and rising competition in the electric car segment which resulted in the stocks… Read More ›
Media reports about the plans of the European Investment Bank to launch a “digital bond” sale on the ethereum blockchain network encouraged investors in this digital currency – the second largest of the world in terms of market capitalization which… Read More ›
Even as Apple gets ready to roll out a new version of its iPhone software, the company has been accused of antitrust abuse in Germany. A complaint against the company was filed on Monday to Bundeskartellamt, Germany’s competition regulator. The… Read More ›
A change in tax rules – which essentially will hike taxes on the wealthiest Americans, will reportedly be proposed by the United States President Joe Biden, many reports have claimed. According to the new tax proposal, the top marginal rate… Read More ›
The United States based electric car maker Tesla has been branded as being an arrogant company in on Chinese social media platforms as well as by Chinese state media and regulators following outrage on social media in the country after… Read More ›
Dogecoin, the cryptocurrency that was based on the “Doge” meme, which rose to popularity in late 2013, is now among the top 10 digital currencies of the world and is worth $40 billion. The meme portrays a Shiba Inu dog… Read More ›
The ride hailing company Uber will allow its employees to work from home but only for two days of the week even as Covid-19 restrictions are getting relaxed in many countries and offices are reopening, Nikki Krishnamurthy, the company’s chief… Read More ›
In a significant development, Volkswagen has agreed to a wage deal with Germany’s most powerful union for 120,000 staff, representing 18% of its workforce. The deal with IG Metall sees salaries rise by 2.3% from January 2022. It also includes… Read More ›
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 ›
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