The U.S. Federal Aviation Administration has issued an emergency airworthiness directive following an engine failure on a United Boeing 777 in Denver, requiring immediate or heightened inspections of similar planes. In a statement late on Sunday, FAA Administrator Steve Dickson… Read More ›
Entrepreneurship
China appeals to reset U.S.-China relations
In a significant development that underscores the fact that the previous Administration efforts aimed at countering China’s exploitive trade practices have indeed hit their targets, senior Chinese diplomat Wang Yi has called on the Biden Administration to reopen dialogue with… Read More ›
Activist investors want Kohl’s to optimize inventory levels, and asset holdings, nominate 9 directors to board
According to a report from the Wall Street Journal, a group of activist investors who have a stake of around 9.5% in Kohl’s Corp is attempting to take control of the department store chain’s board. The activist investors include Ancora… Read More ›
Corporate taxes will be gradually raised to 23% in coming years: British Finance Minister
In a significant development, the Sunday Times reported, British finance minister in the upcoming budget in March, Rishi Sunak is likely to raise taxes on businesses to pay for the Government’s COVID-19 support schemes. During his March 3, 2020 speech,… Read More ›
Mark Carney, former head of UK and Canadian central bank, joins fintech Stripe Inc’s board
In a significant development, Mark Carney, the former head of the UK and Canadian central banks, has joined Stripe Inc’s board of directors. The development comes in the wake of the company reporting that it plans on a funding round… Read More ›
Israel starts gradual return to normal, widens reopening of economy
On Sunday, Israel began reopening parts of its economy on what it termed as the start of a return to normal following a COVID-19 vaccination drive that has reached almost 50% of its population. While everyone could visits shops, access… Read More ›
FTSE Russell includes 11 Chinese stocks in global benchmark
In a significant development that marks a sharp contrast in Britain’s stands towards China, a post on index provider FTSE Russell states, it will “add 11 stocks from China’s STAR Market to its global benchmarks” thus allowing Beijing to benefit… Read More ›
Saudi Arabia aims to source 50% of its military hardware locally by 2030, aims to invest $20 billion over the next decade
In a statement the head of Saudi Arabia’s military industry regulator stated, the Kingdom plans on investing more than $20 billion in its domestic military industry over the course of the next decade as part of an aggressive military spending… Read More ›
British Supreme Court to rule on Uber’s drivers rights today
On Friday, Britain’s Supreme Court is set to give its verdict over workers’ rights at Uber in what could be a potentially landmark judgment with major ramifications for millions of people in the gig economy. In 2016, in a lawsuit… Read More ›
Australian Competition and Consumer Commission raises antitrust concerns on Aon’s $30 billion bid for Willis Towers Watson
Australia’s antitrust regulator has raised initial concerns over Aon’s $30 billion acquisition bid for Willis Towers Watson which aims to create the world’s biggest insurance broker. The development comes in the wake of similar moves by EU antitrust regulators. In… Read More ›