According to a statement from Visa Inc, the Federal Trade Commission (FTC) has initiated a probe into whether its actions prohibited merchants from using other debit payment networks. Earlier this week, Bloomberg Law had reported that the FTC was investigating… Read More ›
Regulations & Legal
Top EU Court Rules Special Label For Products From Made In Israeli Settlements
All the member states of the European Union will now have to identify those products that are made in Israeli settlements in their labels, ruled the top court of the EU. It this decision by the court has been welcomed… Read More ›
China Might Have Used Forced Labor For Cotton Production In Xinjiang, Allege Human Rights Bodies
The use of cotton sourced from the Xinjiang region of China, where the Chinese government has allegedly committed human rights violations on the Muslim Uighur minority, has put global fashion and apparel retailers under the scrutiny over ethical sourcing issues…. Read More ›
Tesla’s European Gigafactory to be in accordance to EU rules: Dietmar Woidke
Following Elon Musk’s statement that electric vehicle pioneer Tesla will build its first European Gigafactory near the new Berlin airport, the premier of the Brandenburg state said, it would be in accordance with EU rules. “We’re operating within the framework… Read More ›
A US Firm Is Replacing Plastic With Mushrooms As An Alternative
A New York-based biotech startup Ecovative claims to have found a solution to adequately replace plastic with a material that is found naturally in our surroundings. The company claims that mycelium, the root-like structure of a mushroom can be a… Read More ›
OECD Chief Says US-China Trade Deal Biggest Factor For Revival Of Global Growth
A trade agreement between the United States and China is the most crucial determinant of the short term growth of growth in global investment and trade. This was opined by the secretary general of the Organisation for Economic Cooperation and… Read More ›
Boeing Still Believes Its 737 Max Planes To Return By Next Month
Share of the United States based plane maker Boeing rose after the company said that it still expects its grounded 737 Max planes to fly again in air before the end of this year. Since March this year, after the… Read More ›
Formula 1 Aims To Turn Carbon Neutral By 2030
Formula 1 has announced that the sport will become carbon neutral by 2030. The sport ultimately aims to completely eliminate all carbon emissions not only from the activity on the race tracks but also those emerging from its transporting its… Read More ›
Chinese Firm Jingye To Buy Troubled British Steel
As many as 4,000 jobs at British Steel’s Scunthorpe and Teesside plants could be cased saved by the rescue package for the iconic steel making company being offered by China’s Jingye Group. The struggling steelmaker and its assets has been… Read More ›
UK Economic Growth At Slowest Annual Rate In Almost A Decade
The impact of uncertainty over Brexit weighed down on the economy of the United Kingdom in the third quarter as it grew at its slowest annual rate in almost a decade. According to data from the Office for National Statistics,… Read More ›