In a statement on Friday, China’s foreign ministry said, it is “firmly opposed” to Britain’s decision to revoke the license for its state media CGTN to operate within the country. The development comes in the wake of the UK’s communications… Read More ›
Regulations & Legal
Consulting firm McKinsey & Co agrees to settle lawsuits over opiod crisis role claims with $573 million
According to a source familiar with the matter at hand, McKinsey & Co, a consulting firm, has agreed to pay $573 million to resolve claims with 43 U.S. states related to its role in the opioid epidemic and advice it… Read More ›
Google’s Cloud Business Is Continuing To Make Losses Even As Its Core Business Grows
The cloud business of Google, to which it is currently providing a deeper look, does not seem to be doing well. An operating loss of $1.2 billion for Google Cloud was reported by the company for the fourth quarter of… Read More ›
UK Top Destination For Australian Wine Exports After Chinese Tariff Hike
With crippling additional import duties imposed on Australian wine in China, wine makers in Australia had been trying out new markets and one of the successful markets was that of the United Kingdom. Last year there was 30 per… Read More ›
India’s Target Of Selling Of State-Owned Firms Will Push Economy Closer To $5 Trillion, Say Analysts
According to a top Indian business leader, the Indian economy will inch closer to becoming a $5 trillion economy because of the efforts to privatize state-owned companies. According to the target set by the country’s Finance Minister Nirmala Sitharaman in… Read More ›
Covid-19 Spread Could Be Substantially Cut Down By Oxford Vaccine
Scientists say that there can be a “substantial” fall in the spread of the novel coronavirus from usage of the Oxford-AstraZeneca vaccine. The future of the Cvoid-19 pandemic is critically dependent on the effect of the vaccines that have been… Read More ›
Business travel likely to grow by 21% in 2021: Global Business Travel Association
On Tuesday, according to a business travel association, business travel spending is likely to grow by 21% this year globally thanks to the rollout of COVID-19 vaccines; however, it is unlikely to recover to pre-pandemic levels until at least the… Read More ›
Myanmar coup likely to dampen investment interest: trade experts
According to analysts and trade experts, the coup by Myanmar’s military is likely to dampen the interest of western companies in investing in the country and may even prompt big U.S. companies to relocate. In the first 11 months of… Read More ›
Britain applies for Comprehensive and Progressive Agreement for Trans-Pacific Partnership
In the coming week Britain is set to apply for a membership to the trans-Pacific trading bloc of 11 countries. Ever since it left the European Union, Britain has made its desire to join the Comprehensive and Progressive Agreement for… Read More ›
A Drop In Cryptocurrency Crime But Rise In ‘DeFi’ Breaches Noted In 2020, Finds Study
A report from crypto intelligence company CipherTrace revealed a 57 per cent drop in incidents of cryptocurrency theft, hacks, and fraud with losses amounting to $1.9 billion in 2020 as markets adopted more security systems to prevent such incidents. However,… Read More ›