Its forecast for a number of Southeast Asian economies was downgraded by the International Monetary Fund even while becoming more optimistic about the fortunes of the global economy and the broader Asia-Pacific region. The five largest developing economies in Southeast… Read More ›
In a development that marks the risks of doing business in China, where Chinese rulers through courts hold absolute power, Chinese regulators have imposed a sweeping restructuring on Jack Ma’s Ant Group, in a move aimed at curbing its valuation… Read More ›
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 ›
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 ›
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 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 ›
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 ›
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 ›
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 ›
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 ›
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