On Sunday, data from the General Administration of Customs showed, China’s import of crude oil from Saudi Arabia in June 2020, soared by 15% from a year ago with Beijing import record amounts of the fuel when prices are low…. Read More ›
HR & Organization
TikTok Hiring People From Google And Facebook In Its Aggressive Expansion Strategy
The Chinese owned video sharing app TikTok plans to increase the size of its global workforce and has been trying to woo employees from United State based tech companies form their offices in America as well as in Europe. The… Read More ›
Apparel brand Brooks Brothers enters stalking horse purchase agreement with SPARC Group for $305 million
In a development that marks apparel brand Brooks Brothers remaining a going concerns and help it maintain its operations, the company has entered into a “stalking horse” purchase agreement with retailer SPARC Group LLC for $305 million. Earlier this month,… Read More ›
SpaceX in talks to raise $1 billion at $44 billion valuation
According to a report from Bloomberg News, SpaceX is looking to raise new capital wherein it is likely to be valued at around $44 billion. Elon’s Musk’s space venture SpaceX is in talks with investors to raise $1 billion at… Read More ›
EU Says Trade Deal With UK Not Likely Now, After No Progress Made Talks
Talks between the United Kingdom and the European Union over a free trade agreement were stalled on Thursday. While the EU said that an agreement was unlikely within the stipulated time frame. The UK expressed hope of an agreement by… Read More ›
Chinese researcher accused of visa fraud evading arrest in San Francisco consulate: FBI
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 ›
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 ›
