If government and other authorities do not take immediate steps to prevent the novel coronavirus pandemic from widening the gap between rich and poor countries, there will be a lost generation, said the head of the International Monetary Fund in… Read More ›
Regulations & Legal
Negotiators begin drafting EU-UK legal framework
On Tuesday, according to a report from The Times, negotiators from the European Union have signaled their willingness on creating a joint legal framework with the UK. EU’s chief negotiator Michel Barnier said, he is ready to begin work on… Read More ›
Surprise Revenue Rise Reported By Blackberry In Q2 Driven By Higher Software And Licensing Demand
With an increase in the sale of its security software product and strong growth in its patent licensing business helped Canada’s BlackBerry Ltd to report a 6 per cent rise in quarterly revenue of the company which came as a… Read More ›
Debt pile of China’s Evergrande Group poses systemic risk to China’s social and economic fabric
Over burdened with a pile of debt, China’s second biggest property developer, Evergrande Group, is desperate for government support for a restructuring plan that has been waiting for four years, and has warned that it faces a cash crunch that… Read More ›
Record $920 Million Fine Over Money Laundering Scandal Slapped On Australian Bank Westpac
A record-breaking penalty of almost $1 billion will be paid by Westpac, one of Australia’s largest banks. The charge against the bank is that if has systematically allowed money laundering on its watch. An agreement for a 1.3 billion Australian… Read More ›
Gilead Science settles DoJ probe over U.S. kickbacks for Medicare patients with $97M
In a statement, the U.S. Department of Justice stated, Gilead Sciences Inc has agreed to settle allegations that it improperly used the Caring Voice Coalition as a conduit to cover thousands of patients’ co-payment obligations and has agreed to pay… Read More ›
U.S.-China Bilateral Tensions Force Investments To Fall To Nine Year-Low
A research report shows that in the first half of the current year, investment between the United States and China have dropped to a nine-year low because of the bilateral tensions between the two countries with possibility of more Chinese… Read More ›
There Is Solid Basis For Agreeing To Global Digital Tax, Says OECD
According to the head of tax at the OECD, there is now a “solid basis” for the global talks on updating international tax rules for the digital age and the situation is good enough to wrap up the negotiation by… Read More ›
Leaked Documents Suggest $2tn Of Corrupt Money Could Have Passed Through The US Financial System
An international group of investigative journalists has been provided with thousands of documents that provide details of money worth about $2 trillion that potentially was amassed through corrupt means and had passed through the financial system of the United States…. Read More ›
Europe’s Hope Of “V” Shaped Economic Recovery Fading With Resurgence Of Pandemic
With the number of daily coronavirus infections continuing to rise rapidly, it is likely that more restrictions on public life in the coming days will be imposed by European countries, according to analysts. “Expect lots more restrictions over the days… Read More ›