Scheduled international flights into the country are being allowed by India for the first time since the outbreak of thee novel coronvirus pandemic in March. The establishment of “air bubbles” between India and the United States, France and Germany was… Read More ›
Regulations & Legal
New York Governor Andrew Cuomo announces $750M investment program to expand electric vehicle infrastructure
In a development that underscores the growth of electric vehicles, New York Governor Andrew Cuomo announced an investment program that allocates $750 million to build charging stations and other electric-vehicle infrastructure, as part of New York’s state’s long term goal… Read More ›
Russia expects to produce AstraZeneca’s COVID-19 vaccine: Kirill Dmitriev
In an interview on Friday, Kirill Dmitriev, the head of the Russian Direct Investment Fund stated, Russia expects to sign a deal with AstraZeneca wherein it will manufacture the COVID-19 vaccine being developed by the pharmaceuticals giant and Oxford University…. Read More ›
U.S. manufacturing surges to 74-year peak, threatened by wave of new COVID-19 cases
In a significant development, U.S. manufacturing output in June surged to its peak in more than 74 years with motor vehicle production accelerating midst the reopening of businesses. However, the economic recovery is threatened by rising COVID-19 infections. The rise… Read More ›
France aims to slash business taxes by $22.8 billion over two years: Bruno Le Maire
French Finance Minister, Bruno Le Maire said, the French government plans on cutting taxes French companies have to pay in addition to normal corporate income tax by $22.8 billion (20 billion euros) over the next two years. “It will be… Read More ›
Owners Of Older Models Of iPhones Can Now Submit Claims Over Slowing Down Charges
As a part of a settlement of a class action lawsuit that accused the iPhone maker Apple of slowing down older devices, the owners of some of the older models of iPhones will now be able to lay claim to… Read More ›
Hong Kong To Have Same Treatment And China For US, Some Businesses Doing The Same
Hong Kong’s status as a global financial hub will have serious implications because of the rapidly deteriorating relationship between the United States and many other Western countries and China. The singing of a presidential executive order by the US president… Read More ›
Its Vaccine Trial Produced ‘Robust’ Immune Response, Says Moderna, Shares Spike
The United States bade pharma company Moderna claimed that its vaccine against the Covid-19 disease have displayed “robust” immune response in all 45 patients in its early stage human trial. This was revealed in a newly released data that was… Read More ›
Apple wins fight against EU tax demand of $15 billion
On Wednesday, in a significant development, Europe’s second-highest court rejected an EU order directing Apple to pay $15 billion (13 billion euros) in Irish back taxes, in what is a setback to the bloc’s attempts to crackdown on sweetheart tax… Read More ›
Texas proposes $1.1 billion in tax rebates to gain Tesla’s cybertruck factory
A central Texas county has approved a plan to provide $1.1 billion in tax subsidies to Tesla Inc, if it were to build its vehicle factory in the area. The development comes in the backdrop of Texas competing with Oklahoma… Read More ›