A new study that documented the growing divisions in the workplace since March when the novel coronavirus pandemic hit the United Kingdom has found that younger people in the country are more than twice as likely to lose their jobs… Read More ›
Regulations & Legal
China Warns Of Sanctions On US Firms Over Arms Sale To Taiwan
American companies including Lockheed Martin, Boeing, and Raytheon will be sanctioned by China over the companies being engaged in selling weapons to Taiwan. The United States was urged to stop selling arms to the self-governed island of Taiwan and to… Read More ›
European Commission clears regulatory approval for LVMH’s $16 billion acquisition of Tiffany & Co.
In a statement, U.S. jeweler Tiffany & Co stated, it has received all required regulatory approvals for the completion of a $16 billion (12.29 billion pounds) acquisition by French luxury goods group LVMH, The approval from the European competition comes… Read More ›
U.S. State Dept approves $2.37 coastal defense systems to Taiwan: Pentagon
In a statement the Pentagon said, the State Department has approved the potential sale of 100 Harpoon Coastal Defense Systems to Taiwan, in a deal worth up to $2.37 billion. The development comes days after the State Department approved the… Read More ›
200 Drink Brands To Be Discontinued By Coca Cola
Almost half of its current portfolio of brand is to be cancelled by Coca Cola. Some beloved but out dated drinks such as Tab, Zico and Odwalla would be discontinued by it, the beverage giant had already announced. But earlier… Read More ›
Grounds For Brexit Compromise On Fisheries Being Laid By Macron: Reuters
The French government is asking its fishing industry to be prepared for a smaller catch after Brexit, said a report published by the news agency Reuters quoting sources form the industry. This is a clear signal that the French President… Read More ›
Barclays Beats Expectations For Q3 With Steep Drop In Provisions For Bad Loans
A net profit of £611 million ($797.7 million) was reported for the third quarter by the British bank Barclays on Friday as the lender attempts to stage a recovery from the hit it took because of the novel coronavirus pandemic…. Read More ›
Post-Brexit Trade Deal Formally Signed Between Britain And Japan
The first big post-Brexit trade deal for the UK was signed after it formally inked a trade agreement with Japan. Under the deal, which was announced last month, no tariffs would be imposed on nearly all its exports to Japan… Read More ›
British government job support schemes likely to be hit with $5 billion fraud: National Audit Office
In a significant development, Britain’s spending watchdog stated, “British companies may have fraudulently claimed up to $5.1 billion (3.9 billion pounds) in public money by accepting funds from a salary support scheme while ordering furloughed staff to still work during… Read More ›
Japan and Britain sign trade deal
In a significant development which marks Britain’s first big post-Brexit step, Japan and Britain have formally entered into a trade agreement on Friday. Japanese Foreign Minister Toshimitsu Motegi and UK Trade Minister Liz Truss signed the agreement in Tokyo.
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