Business in the United Kingdom are being asked to put in pace preparations for a no deal Brexit after the transition period ends at the end of the current year as a campaign to this effect says that “time is… Read More ›
Entrepreneurship
Swiss EV startup Piëch Automotive AG hires former CEO of VW & Porsche
On Monday, in a statement, Swiss electric car startup Piëch Automotive AG stated, it has appointed the former CEO of Porsche and Volkswagen, Matthias Mueller, as its new chairman. Incidentally, Piëch Automotive is founded by Anton Piëch, who is the… Read More ›
U.S. Treasury Secretary Steven Mnuchin to lead U.S. delegation to Israel, UAE and Bahrain
In a statement the U.S. Treasury Department said, Treasury Secretary Steven Mnuchin will lead a U.S. delegation to Israel, Bahrain and the United Arab Emirates on October 17 to 20. The visit comes in the wake of the UAE and… Read More ›
Citadel Securities sues SEC over IEX’s “D-Limit” order
In a significant development, Citadel Securities has sued the Securities and Exchange Commission (SEC) over its decision to approve a new mechanism for trading stocks at IEX Group Inc. “The SEC failed to properly consider the costs and burdens imposed… Read More ›
EU Will Keep Persisting With Talks With Britain For A Brexit Deal
Agreement on an extension of negotiations with Britain was arrived at by the European Union leaders for a striking a trade deal after Brexit, talks for which are to be held within the next few weeks, with the main aim… Read More ›
Blackstone divests BioMed Realty for $14.6 billion
In a statement the Blackstone Group said, its unit Blackstone Real Estate Partners along with co-investors have agreed to divest BioMed Realty for $14.6 billion to a group led by existing BioMed investors. In 2015, Blackstone had acquired BioMed Realty,… Read More ›
European Union to impose tariffs on Chinese on aluminum extrusions
In a statement, the European Commission stated, the European Union will impose duties of up to 48% on imports of aluminum extrusions from China, citing exports of the same at unfairly low prices. According to an EU official, duties, ranging… Read More ›
Microsoft signs MOU with Equinor for undersea carbon dioxide storage facility
In a significant development, Microsoft Corp has signed a memorandum of understanding with Norway’s Equinor to explore the use of a carbon dioxide storage facility with Microsoft seeking to significantly reduce its carbon footprint. In January, Microsoft, the world’s largest… Read More ›
Trump Administration mulling options to include China’s Ant Group to Entity List
According to two sources familiar with the matter at hand, the U.S. State Department has submitted a proposal to the Trump administration to add China’s Ant Group to its Entity List. The development comes at a time when when the… Read More ›
Wells Fargo fires employees for false representation while applying for COVID-19 SBA fund
According to a source familiar with the matter at hand, Wells Fargo & Co has fired around 100 to 125 employees for unethical behavior including helping themselves with coronavirus relief funds. According to an internal memo, Wells Fargo believes that… Read More ›
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