Business in the services sector in Japan slowdown in August at the fastest pace since May last year while factory activity growth in the economy also declined which is reflective of the hit on the economy of the latest wave… Read More ›
Regulations & Legal
Continued Chinese Clampdown Results In Half A Trillion Dollars Being Wiped From China Markets In A Week
The continued crackdowns by Chinese regulators on domestic tech companies hit investors’ confidence – consequently tech stocks of the country hit new lows while Hong Kong’s benchmark index touched an almost 10-month low. Within just a week, the fall in… Read More ›
48 BHP Male Mine Workers Sacked Over Sexual Harassment And Assaults On Female Co-Workers
At least 48 workers have been fired by BHP over sexual assaults and harassment at the workplace in Western Australia mining camps since 2019, the mining giant said. Intense scrutiny over the treatment of women at their isolated sites is… Read More ›
US FTC Files Refreshed Antitrust Complaint Alleging Facebook Crushed Or Bough Rivals
After having failed once before, the United States Federal Trade Commission (FTC) filed a refreshed antitrust case against the social media giant Facebook Inc earlier this week as the regulator’s latest case contains more information and details to support its… Read More ›
Maersk Strikes Agreement For Securing Supply Of Green Methanol
The largest shipping company of the world, A.P. Moller-Maersk, has struck and agreement for secured supply of green methanol as the company gets ready to begin operations of its fi carbon neutral container by 2023, the company said. Transportation by… Read More ›
London court approves $14 billion class action lawsuit against Mastercard
In a significant development, a court in London has approved a $14 billion-plus (10 billion pound-plus) class action lawsuit against Mastercard. According to claimants, 46 million British adults could receive 300 pounds each if it is successful. The class action… Read More ›
Baidu raises $1 billion in ESG bonds
In a statement China’s Baidu Inc said, it has raised $1 billion in two tranches of U.S. dollar sustainability bond, marking its first environment, social and governance (ESG) transaction. While the first tranche covers a 5.5-year bond for $300 million the… Read More ›
Chinese Livestreaming Influencers Must Speak Mandarin And Dress Appropriately
A directive from the commerce ministry of China ordered all hosts and influencers of the country who livestream to market products of companies on online platforms should be speaking only in Mandarin and dress up appropriately in the efforts of… Read More ›
Tencent Q2 Profits Beat Estimates Driven By Growth In Gaming And Advertising
A growth in revenues from popular games as well as a rise in online advertising sales helped the Chinese gaming and social media giant Tencent Holdings to comfortably beat analysts’ estimates of profits of the second quarter with a jump… Read More ›
Blue Origin files lawsuit against US government over awarding $2.9 billion contract to SpaceX
Blue Origin has filed a lawsuit against the U.S government over NASA’s decision to award a $2.9 billion lunar lander contract to SpaceX. In its lawsuit Blue Origin said, its lawsuit is “an attempt to remedy the flaws in the… Read More ›
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