Concerns that the poor initial public offering by the British food delivery app Deliveroo did not deter the United Kingdom based cybersecurity start-up Darktrace to announce plans to go public in London. This was announced by Darktrace on Monday. The… Read More ›
Regulations & Legal
Big Relief For US EV Makers Comes From Deal Between Korean Battery Firms
A deal on an intellectual property dispute has been reached between two major makers of lithium batteries that are used for electric vehicles. An unresolved dispute had threatened to hit the supply of batteries crucial for boosting production of electric… Read More ›
Chinese regulators impose exemplary fine on Jack Ma’s Alibaba Group Holdings
Alibaba Group Holdings Ltd have been fined an exemplary $2.75 billion (18 billion yuan) by Chinese regulators for violating anti-monopoly rules and abusing its dominant market position; it is the highest antitrust fine ever to be imposed by Chinese regulators… Read More ›
Seven Chinese Supercomputer Groups Blacklisted By China
Seven Chinese business groups that were charged with manufacturing supercomputers for use by the country’s military were blacklisted by the United States. This is the first such move by the new Biden administration of the United States to put pressure… Read More ›
This is war: polish doctor on COVID-19 infections
Midst media reports that Polish medical staff are taking oxygen and intravenous drips to boost their energy, the country’s health minister Adam Niedzielski said, many Polish doctors and nurses are just taking naps between shifts as they continue to fight… Read More ›
Permanent Work From Home For Thousands Of HSBC And JP Morgan Employees Planned
Thousands of employees of lenders HSBC and JP Morgan are to work from home on a permanent basis – indicating that this trend that was significantly accelerated during the Covid-19 pandemic will potentially continue well after the pandemic is over…. Read More ›
Regulatory framework on climate risk disclosures will act as catalyst for massive green investments: John Kerry
In a statement U.S. climate envoy John Kerry said, a regulatory requirement on companies and financial institutions requiring them to disclose climate change related risks will spark huge investment flow in green capital investments across the world; he went on… Read More ›
SEC blocks Amazon.com Inc’s move to stop non-binding racial equity audit
In a significant development, the SEC turned down an exemption sought by Amazon.com Inc to stop its investors from considering a shareholder proposal related to racial equity at its upcoming annual general meeting (AGM). The SEC’s decision comes in the… Read More ›
Toshiba Corp evaluating $20 billion take-private offer from private equity firm CVC Capital Partners
In a significant development, a source familiar with the matter at hand has revealed, Toshiba Corp is weighing option which include a $20 billion offer from CVC Capital Partners, a private equity firm, to take it private. The development comes… Read More ›
SEC charges actor Zachary Horwitz with operating $690 million Ponzi scheme
In a statement the U.S. Securities and Exchange Commission said it had charged actor Zachary Horwitz with operating a $690 million Ponzi scheme.