Following a report in a British newspaper about a London schoolgirl finding out a message in a Christmas card that claimed that it was from inmates at Shanghai’s Qingpu Prison who were forced into labour and after Tesco suspended ties… Read More ›
HR & Organization
British supermarket giant Tesco suspends Chinese Christmas cards supplier over forced labor report
Following a press report of a Chinese supplier of its Chinese supplier of Christmas cards employing foreign prisoners in forced labor camps, British supermarket giant Tesco suspended its contract with the Chinese supplier. “We abhor the use of prison labor… Read More ›
China to lower import tariffs on select products from January 1, 2020
In a statement, China’s finance ministry stated, it will lower tariffs on products ranging from avocado, and frozen pork to some type of semiconductors in 2020. In the coming year, Beijing is scheduled to lower import tariffs, which are lower… Read More ›
U.S.-China Phase One trade deal to be signed ‘very shortly’: Trump
U.S. President Donald Trump stated, the United States and China would “very shortly” sign the so-called Phase One trade pact. “We just achieved a breakthrough on the trade deal and we will be signing it very shortly,” said Trump at… Read More ›
Private equity firm Lone Star acquires BAF’s construction chemicals business for $3.5 billion
On Saturday, in a statement BASF’s construction chemicals business stated, Lone Star, a private equity firm has entered into a deal to acquire it for $3.5 billion (3.17 billion euros) on a cash and debt-free basis. The deal, having immediate… Read More ›
China’s Big Fund trim stake in tech sector
On Saturday, China’s state-backed semiconductor fund announced plans to trim its stakes in select tech firms, even as foreign investors continued to increase their exposure to its tech sector. China’s National Integrated Circuitry Investment Fund, which is known as the… Read More ›
U.S. approach to industry-standard patents undergoes policy-shift
In a far-reaching policy shift, officials from the United States antitrust and patent office stated they no longer deem holders of industry-standard patents anti-competitive if they sue to stop the sale of infringing products. In a joint statement, the U.S…. Read More ›
Britain to enact law to safeguard assets of national security
The British government is set to table a bill which will enable it to intervene in mergers and acquisitions that threaten national security; intervention measures will include blocking the purchase of assets, including those related to intellectual property, as well… Read More ›
Britain to close Brexit Department on January 31, 2020
A spokesman for the British government has disclosed, Britain’s Brexit department will be shutdown once the country leaves the European Union on January 31. Britain’s Brexit department was originally set up in July 2016 to oversee Britain’s negotiations to leave… Read More ›
Britain’s financial watchdog extends probe into EY
On Thursday, Britain’s Financial Reporting Council (FRC) stated it has added an extra year to its investigation into EY’s audit of Thomas Cook. The holiday company had collapsed in September leaving tens of thousands of people stranded abroad. The FRC… Read More ›
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