Officials from the American Chamber of Commerce in China’s southwestern city of Chengdu said, Chinese authorities have instructed them to close the American Chamber of Commerce. Earlier this week, the chamber notified its members that, in accordance with Chinese laws… Read More ›
HR & Organization
KMS Financial Services, Cetera entities and Cambridge Investment Research agree to pay fines for non-compliance to SEC cybersecurity policies and procedures
In a statement the U.S. Securities and Exchange Commission (SEC) said, the units of three broker-dealer and investment advisory firms have agreed to pay hundreds of thousands of dollars in penalties to settle charges over cybersecurity failures. The SEC had… Read More ›
Singapore-based Shopee emerges as game changer in Brazil’s e-commerce market
Singapore-based Sea Ltd’s took just two years to become Brazil’s most-downloaded shopping app, winning users to its low-cost marketplace with its game-changing approach to e-commerce which uses in-app mini-games that offer coupons to winning users. Sea has combined online shopping with… Read More ›
UK Germany, Netherlands agree on common G7 approach on Taliban
In a statement British Prime Minister Boris Johnson’s office said, Prime Minister Boris Johnson and German Chancellor Angela Merkel have discussed the situation in Afghanistan and agreed on the need for a common approach by the G7 as well as… Read More ›
India’s FDI inflows up by 90% for first quarter 2021-2022
In a statement the Indian government said, it has attracted foreign direct investment (FDI) to the tune of $22.53 billion during the first three months of the fiscal year starting from April 1; this is 90% higher than the April-June… Read More ›
Lufthansa boosts flight to woo business travelers
An executive member of Lufthansa has been quoted as saying, the airlines aims to win back business travelers by boosting the number of flights and improving in-flight catering. Currently, the German airline is carrying around 50% of the passengers it flew… Read More ›
Dubai state-owned property developer Limitless close to signing third debt restricting agreement
In a statement property developer Limitless said, it is close to signing an agreement with creditors over around $760 million of troubled debt, marking its third restructuring in a decade. Dubai state-owned Limitless along with Nakheel, was among the biggest… Read More ›
KKR acquires New Zealand’s largest bus company Ritchies Transport
In a statement U.S. private equity firm KKR & Co Inc said, it will acquire New Zealand’s largest bus company, Ritchies Transport, marking its first infrastructure investment in the country. Both companies did not disclose the value of the deal; KKR… Read More ›
Turkey must abide by new global tax rules, must remove digital service taxes: USTR
U.S. Trade Representative Katherine Tai told her Turkish counterpart Mehmet Mus, that Ankara must remove individual digital services taxes following a broader multilateral agreement that was reached in talks led by the OECD. Among a range of issues that was… Read More ›