Although Russia and Ukraine hinted at new diplomatic efforts aimed at avoiding a conflict, two Ukrainian airlines have disclosed problems in securing insurance for some of their flights with foreign carriers beginning to avoid Ukrainian airspace. Ukraine’s biggest airline said,… Read More ›
Regulations & Legal
UK’s Tax Authorities Seize NFTs For First Time In A £1.4m Fraud Case
The UK tax office has seized three Non-Fungible Tokens (NFT) as part of an investigation into an alleged VAT fraud involving 250 fictitious companies. According to HMRC, three people have been arrested on suspicion of attempting to defraud HMRC of… Read More ›
India’s Largest Insurer Life Insurance Corporation Files For $8 Billion IPO
India’s state-run insurance firm Life Insurance Corporation of India (LIC) is set to launch an initial public offering of $8 billion against a 5 per cent stake of the company and it has filed draft papers for the same with… Read More ›
ASML considering taking legal action against Dongfang Jinguan over alleged intellectual property theft
Much like its denial of hacking attacks as alleged by various global law enforcement agencies and government, China’s Dongfang Jingyuan Electron, which makes software for chip manufacturing procedures, has denied reports of alleged IP theft from Dutch lithography giant ASML… Read More ›
US Commerce Department adds 33 Chinese entities to export control unverified list
On Monday, the U.S. Commerce Department added 33 Chinese entities to its ‘unverified list’, saying it was unable to verify the legitimacy and reliability of those entities in relation to their use of U.S. exports. The Chinese entities includes listed… Read More ›
Record Revenue Posted By China’s Biggest Chipmaker SMIC Despite U.S. Sanctions
Despite a global chip scarcity, China’s largest chipmaker, Semiconductor Manufacturing International Corporation, recorded record revenue and profit last year. SMIC’s sale for 2021 was $5.44 billion, up 39 per cent year over year, the greatest rate of increase since 2010…. Read More ›
Big Oil CEOs Warn That Consumers Will Face Years Of High Energy Prices
The heads of the largest oil and gas firms of the world have warned that people should get themselves ready to pay high prices for energy for years to come. This comment from the top executives of energy companies also… Read More ›
After ‘Rug Pull’ Warnings, Coinbase Removes Cryptocurrency Links
Coinbase Global has withdrawn ‘how to buy’ directions for at least three crypto tokens that have been issued ‘rug pull’ warnings which claim that investors may lose money. The company added that it aims to tighten safety. According to Jaclyn Sales,… Read More ›
Canada to join UK, US, Australia, EU in WTO trade dispute over Lithuania
Canada aims to join the the United States, the United Kingdom, and Australia in the European Union’s dispute with China at the World Trade Organization over Beijing’s alleged trade curbs on Lithuania. “Canada is concerned by China’s recent trade actions… Read More ›
Somaliland shows the way on how to deal with Chinese bullying
In a statement the foreign minister of Somaliland said, Beijing will not be allowed to dictate who the country can have relations with; Somaliland is a sovereign nation and “born free”. Somaliland’s Foreign Minister Essa Kayd made the comments during… Read More ›