In a court filing the FBI said, it believes a Chinese researcher, who has been accused of visa fraud is holed up for a month in the Chinese consulate in San Francisco. She has been accused of hiding her affiliation… Read More ›
Entrepreneurship
U.S. oil major ConocoPhillips purchases shale oil land from Kelt Exploration Ltd for $375 million
In a statement U.S. oil major ConocoPhillips said, it has agreed to acquire land from from Kelt Exploration Ltd in Canada’s Montney shale oil play, in a deal worth $375 million. The 140,000 acres of land that has been purchased… Read More ›
U.S. orders closures of Chinese consulate in Houston
In a significant development on Wednesday, the United States has ordered China to close down its consulate in Houston. Although the United States has several consulates in China, according to a source Beijing is considering shutting down the U.S. consulate… Read More ›
Bombardier’s cash utilization decreases cash burn, secures up to $1 billion credit line
On Wednesday, in a statement Bombardier Inc said, it had managed to secure a loan of up to $1 billion; the utilization of its cash during its second quarter has also improved by around $500 million better than was previously… Read More ›
UK will have news laws to deal with foreign interference
British Prime Minister Boris Johnson plans on giving security services more powers to stop foreign interference in Britain, states a report from The Times newspaper. Johnson’s government is preparing to place a new counter-espionage legislation, which is likely to include… Read More ›
Britain likely to opt for no-deal Brexit: The Telegraph
According to a report from The Telegraph, Britain and the European Union are unlikely to sign a post-Brexit trade deal, with only a few days left before British Prime Minister Boris Johnson’s July deadline. The assumption of the UK’s government… Read More ›
IBM’s revenues beats analysts’ estimate on heightened demand for cloud computing
International Business Machines Corp’s second quarter profits have beaten analysts’ estimates underscoring heightened demand in its cloud computing business with large companies accelerating their shift induced by the coronavirus crisis. With the news reaching the market, shares of the company… Read More ›
Britain to suspend extradition treaty with Hong Kong
On Monday, in a significant development, reports from the Daily Telegraph and the Times stated, Britain will be suspend its extradition treaty with Hong Kong today following forceful introduction of China’s national security law in the former British colony. Accusing… Read More ›
Discount retailer Dollar Tree names Michael Witynski as its CEO
On Monday, in a statement discount retailer Dollar Tree Inc stated, it has promoted its enterprise president Michael Witynski as its chief executive officer. Witynski wil be replacing Gary Philbin. Dollar Tree said Philbin, who will be retiring, will continue… Read More ›
New York Governor Andrew Cuomo announces $750M investment program to expand electric vehicle infrastructure
In a development that underscores the growth of electric vehicles, New York Governor Andrew Cuomo announced an investment program that allocates $750 million to build charging stations and other electric-vehicle infrastructure, as part of New York’s state’s long term goal… Read More ›
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