On Sunday, China’s Global Times cited China’s ambassador to the U.S. as saying, China is in the midst of implementing the first phase of the U.S.-China trade pact and hoped that the two could work together to assess the changing… Read More ›
Regulations & Legal
3M files lawsuit against Performance Supply LLC for alleged price gouging by as much as 600%
3M Co has filed a lawsuit against New Jersey-based Performance Supply LLC alleging that it had posed as an authorized 3M vendor of its N95 respirators and had offered millions of them for sale after hiking up their price by… Read More ›
Coronavirus Pandemic Crisis Forces Airbus To Scuttle Plans For New A321 Plant
In what was the latest exemplification of the impact of the coronavirus pandemic ripping through the global airline industry, the plans of aircraft making giant Airbus to create a new assembly line for its A321 airliner has have been cancelled… Read More ›
Major Oil Producers Agree On A Possible Production Cut To Stabilize Price
There is good news for oil producers across the world. The price war that was raging between Russia and Saudi Arabia since the last one month has apparently come to an end as the two of the largest oil producing… Read More ›
China’s banking regulator intensifies effort to channel more funds and regulate finances of SMEs
On Friday, China’s banking regulator stated, it will start monitoring the quantum of support being provided by lenders to struggling smaller firms, in what is the latest push to channel more funds into the country’s most vulnerable business sector. For… Read More ›
Grim Forecast For US Auto Industry In Q2 Due To Coronavirus Pandemic
For the first time since World War II, the number of cars that will be manufactured in the United States this month will be the lowest as auto production has come to a near standstill because of the coronavirus pandemic…. Read More ›
Oxfam Warns Half A Billion People Could Be Pushed Into Poverty Due To Virus Pandemic
According to a warning issued by Oxfam, up to half a billion people all across the world could be pushed into the poverty because of the economic fallout from coronavirus pandemic that is raving the world. If the warning of… Read More ›
Will not layoff employees because of coronavirus pandemic: BlackRock
In a statement, Larry Fink, the CEO of BlackRock Inc, the world’s largest asset manager, said it will not layoff any of its employees during the year because of the coronavirus outbreak. BlackRock will pay full-time wages to support staff,… Read More ›
Class action lawsuit filed against Zoom Video Communication Inc over privacy security concerns
A class action lawsuit has been filed against Zoom Video Communications Inc by one of its shareholder accusing it of overstating its privacy standards and failing to disclose that its service lacked end-to-end encryption. In a court filing, Michael Drieu,… Read More ›
Over 100 Global Organizations Demand Debt Relief For The Poorest Countries Of The World
Demands for the debt payments of developing countries to be dropped this year have been raised by more than 100 global organizations. the list includes those countries that are among the poorest in the world are finding it almost impossible… Read More ›
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