In a telephone call with Germany Chancellor Angela Merkel, British Prime Minister Boris Johnson said, Britain is prepared to leave the European Union on the same terms that Australia has with the bloc if it is unable to hammer out… Read More ›
Regulations & Legal
Close to settling most Lion Air 737 MAX claims: Boeing
In a court filing Boeing Co stated, it has reached settlement agreements with more than 90% of the wrongful death claims filed in federal court following the crash of a Lion Air 737 MAX aircraft in 2018 in Indonesia that… Read More ›
US Food Delivery Firm Postmates To Be Acquired By Uber For $2.65 Billion
With the aim of furthering its reach in the food delivery business and with the novel coronavirus pandemic spurring up demand for home delivered food, United States based ride hailing company Uber Technologies has decided to acquire Postmates Inc in… Read More ›
EU Threatens To Impose Tariffs On US Good Over Boeing-Airbus Subsidies Case
The 15-year row with the US over aircraft subsidies for Airbus and Boeing has been threatened to be escalated by the European Union unless a settlement is agreed to by the United States. There have been accusations posed against each… Read More ›
Amazon’s Prime Day To Be Postponed Till October Due To Pandemic
The novel coronavirus pandemic has forced e-commerce giant Amazon to postpone its marquee shopping event Prime Day. The company now plans to hold the event not before early October at the earliest. While previously planning on a September date for… Read More ›
Record 4.8 Million Jobs Created In the US In June
New jobs were created by companies in the American economy in the month of June at a record pace as companies hired more people following relaxation of novel coronavirus pandemic related restrictions. With addition to 4.8 million payroll jobs in… Read More ›
Retail sales surged in May as Australian economy reopens
On Friday, official data showed retails sales in Australia saw a record surge in May following a wide scale easing in coronavirus lockdowns which allowed entire sectors to reopen. The bounce back underscores growing confidence that consumer spending will not… Read More ›
European Union’s First Chamber of the Court of Justice rules against BlackRock on VAT exemption
On Thursday, the European Union’s First Chamber of the Court of Justice ruled that BlackRock is not exempt from paying value added tax (VAT) on part of a service from an outside supplier to help manage its funds. BlackRock, the… Read More ›
Power utility PG&E emerges from Chapter 11 bankruptcy proceedings
PG&E Corp has emerged from Chapter 11 bankruptcy proceedings marking an end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California. Thanks to a state-backed fund, PG&E managed to get out… Read More ›
China’s Factory Activity For June Quickens But Exports Dragged Due To Pandemic
While the June numbers for factory activity of China were encouraging and was better than expected, fueling hopes for a fast economic recovery globally and domestically. However, the Chinese economy will however be dragged for some time because of the… Read More ›
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