The forced grounding of a Ryanair passenger plane in Minsk which has drawn international outrage will be investigated by the United Nations’ International Civil Aviation Organization (ICAO). An initial demand for investigation into the incident was demanded by the United… Read More ›
Regulations & Legal
Robinhood can continue challenging validity of new fiduciary rule, judge rules
A Massachusetts judge has rejected Robinhood’s bid to block state regulators from going ahead with enforcing their legal action on allegations that it encourages inexperienced investors to place risky trades without limits. In a ruling Suffolk County Superior Court Judge… Read More ›
Britain could levy carbon tax on imports from polluting industries
British Prime Minister Boris Johnson is weighing options which includes a plan for imposing carbon tax on imports from polluting industries in am aim to protect British farmers from foreign rivals. The proposal which initially was targeted at heavy industry,… Read More ›
US Still Faces ‘Very Large Challenges’ On China, Says US Trade Chief Tai
There are still “very large challenges” in the trade and economic relationship between the United States and China that the Biden administration needs to accord attention to across the board, said the US Trade Representative Katherine Tai. She said this… Read More ›
Computer Chip Shortages To Hit PC Supplies This Year, Says Dell, HP
Dell Technologies Inc and HP Inc both computer makers warned that the on going global shortage of computer chips could have an impact on the ability of the companies to meet the demands for laptops this year even as both… Read More ›
DOJ begins investigation into Archegos Capital Management’s collapse
The U.S. Department of Justice has begun an investigation on the collapse of Bill Hwang’s Archegos Capital Management, which cost large global banks more than $10 billion in losses. To this end, federal prosecutors in Manhattan have sent requests for… Read More ›
US Senate Finance Committee advances bill which increases tax credits for EVs, with riders
In a development aimed at further boosting the adoption of electric vehicles the U.S. Senate Finance Committee has advanced legislation aimed at boosting the tax credits for electric vehicles to as much as $12,500, as long as they are assembled… Read More ›
Washington faces very large challenges in economic relationship with Beijing: USTR
In a development that buttresses the previous U.S. Administration’s point of view, U.S. Trade Representative Katherine Tai stated, the United States faces “very large challenges” in its economic relationship with China; the challenge requires the Biden Administration’s full attention across… Read More ›
Taiwan Accuses China Of Blocking A Covid-19 Vaccine Deal With BioNTech
China was accused by Taiwan directly for the first time of blocking a deal of the island with Germany’s BioNTech SE for Covid-19 vaccines further escalating a war of words since Beijing offered the vaccine shots to the island through… Read More ›
India Govt. Sued By WhatsApp Over New Media Rules Which It Says Break Privacy
Social media messaging app WhatsApp has filed a lawsuit against the Indian government in Delhi seeking court intervention to prevent implementation of regulations that came into force on Wednesday which, according to experts, would force the California-based Facebook unit to… Read More ›