The move signals U.S. resolve and intent that it means business. Systemic concerns it has put across to China have to be addressed and resolved. Dilly dallying delaying tactics will not be entertained. In a development that underscores the United… Read More ›
Regulations & Legal
Volkswagen sets aside $6.16 billion for contingent liabilities arising out of emission scandal
The diesel emission cheating scandal has so far cost Volkswagen 30 billion euros. Volkswagen’s Chief Financial Officer (CFO) disclosed, the carmaker has provisioned $6.16 billion (5.5 billion euros) in contingent liabilities in order to cover the cost of potential liabilities… Read More ›
SEC investigating PG&E’s losses and public disclosures related to 2017, 2018 wildfires
PG&E is of the opinion that regulators are likely to conclude that its equipment started the wildfires, the deadliest in California’s history, which resulted in the death of 86 people and caused billions of dollars in liabilities. In a significant… Read More ›
GM’s $1billion investment in Missouri is contingent on receiving state incentives
The incentive package sought by GM will require clearance from the state’s legislature. According to state officials from Missouri, General Motors Co is weighing its options of investing $1 billion in its assembly plant in the state, where it currently… Read More ›
U.S. Fed Maintains Rates Despite Criticism And Pressure From Trump
Despite calls from the United States president Donald Trump to the U.S. Federal Reserve to reduce rates of interest on the plea that the US economy needed such low rates for boosting its economic growth, they were left unchanged by… Read More ›
Sports Sponsorship Globally Will Touch £35bn In 2019
A new research report has estimated that in 2019, there would be a 4 per cent growth in the business spending on sports sponsorship are reach upto £35 billion globally. This prediction has been published by research from agency Two… Read More ›
PG&E Corp asks court approval for setting up $105 million wildfires victims fund
PG&E Corp is of the opinion that authorities are likely to conclude that the November forest fire, California’s most destructive and deadliest fire of modern times, was sparked by its equipment. In a filing in U.S. Bankruptcy Court in San… Read More ›
Starbucks recalls 263,000 coffee presses due to deep puncture wounds hazard: U.S. Consumer Product Safety Commission
Starbucks had made the coffee presses in partnership with Bodum. They were sold in Starbucks cafes and on its website from Nov. 2016 through January 2019. As per a statement from the U.S. Consumer Product Safety Commission, Starbucks Corp is… Read More ›
Rate Of UK Firms Going Into Administration In Q1 Highest In Five Years
According to official figures in eth United Kingdom, the rate of increase in the number of company administrations reached its highest since the last five years because of continued uncertainty over Brexit and the struggling high street retailers. In the… Read More ›
Deutsche Bank And Capital One Sued By Trump Because Of House Subpoenas
With the aim of preventing two banks from handing over his financial records to the US Congress, United States President Donald Trump filed legal cases against two banks. The two banks – Deutsche Bank and Capital One, were issued subpoenas… Read More ›