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 ›
Seven Chinese business groups that were charged with manufacturing supercomputers for use by the country’s military were blacklisted by the United States. This is the first such move by the new Biden administration of the United States to put pressure… Read More ›
Midst media reports that Polish medical staff are taking oxygen and intravenous drips to boost their energy, the country’s health minister Adam Niedzielski said, many Polish doctors and nurses are just taking naps between shifts as they continue to fight… Read More ›
On Friday, the chairman of Toshiba Corp issued a statement stating CVC Capital Partners’ recent offer to take the company private, was unsolicited and would require various antitrust approvals and financing. “This initial proposal by CVC was completely unsolicited and… Read More ›
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