A law that will allow throwing out of Chinese companies off US stock exchanges if they do not conform to the country’s auditing rules was passed by the United States House of Representatives. Under the new law, companies will also… Read More ›
Regulations & Legal
U.S. bans cotton imports from forced labor camps at Xinjiang, China
In a development that acknowledges the open secret of China using forced labor in its modern concentration camps in Xinjiang, the United States has banned the import of cotton from the quasi-military organization that uses detained Uighur Muslims in its… Read More ›
Shares of China’s Xiaomi Corp halted in Hong Kong Stock Exchange
Trading in shares of Chinese smartphone maker Xiaomi Corp was halted on Wednesday said a notice from the Hong Kong Stock Exchange. The Hong Kong Stock Exchange did not give any other details for the suspension in trading. According to… Read More ›
Royal Dutch Shell faces lawsuit over continued investments in ing billions of dollars in fossil fuels
On Tuesday, in a significant development Royal Dutch Shell is facing a lawsuit brought on by environmentalist and human rights groups demanding that the energy giant cut its reliance on fossil fuels. In April 2019, seven activist groups, including Friends… Read More ›
New court order could potentially see Credit Suisse paying $680M
On Tuesday, in a statement Credit Suisse said, a judge who is presiding over a more than a decade long lawsuit regarding a U.S. residential mortgage backed security (RMBS) has asked it along with another party to issue estimates of… Read More ›
Installing New Huawei 5G Network Equipment In UK To Stop From September 2021
The United Kingdom government has ordered that telecoms providers in the country have to stop installing equipment from the Chinese telecom equipment maker Huawei in the country’s 5G networks starting September next year. Prior to the introduction of the telecommunications… Read More ›
EU And Britain Warn Each Other About Very Limited Time For Brexit Trade Deal
Time available for them to come to an agreement on a Brexit dela was quickly running out, both the United Kingdom and the European Union warned each other on Monday. The issues of state aid, enforcement and fishing still remain… Read More ›
At Just Under $20,000, All-Time High Reached By Bitcoin
The rally in the crypto currency bitcoin has been very good so far this year and topped it up as the virtual currency hit another milestone as it rose by 8 per cent to reach an all-time high value of… Read More ›
Washington adds top Chinese chipmaker and national offshore oil and gas producer to trade blacklist
In a significant development of strategic trade and military dimensions, the Trump Administration is poised to add China’s top chipmaker SMIC and its national offshore oil and gas producer CNOOC to a trade blacklist. The potential trade action blocks the… Read More ›
Britain positioned reasonably well in Brexit talks: Foreign Minister Dominic Raab
On Sunday, British foreign minister Dominic Raab stated Britain’s negotiations with the European Union over Brexit are positioned reasonably well, with some progress made on competition issues; however significant differences continue remain on fishing. “I do think we’re in a… Read More ›
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