10 states, led by California and New York, have filed a lawsuit to stop the merger saying it would increase subscriber’s costs. The judge hearing a complaint from state attorneys general who are aiming to stop the $26 billion merger… Read More ›
Regulations & Legal
Canada rejects suggestion of halting Meng Wanzhou’s extradition to the United States
Meng Wanzhou’s extradition to the United States has clearly touched a nerve for Beijing. Although Huawei keeps chanting the mantra that it is not tied to the Chinese government, Beijing’s violent reactions however are indicative otherwise. Canada’s Foreign Minister Chrystia… Read More ›
British Regulators Fine Audit Firm PwC £4.55 Million Over Audit Of Redcentric
The global audit firm Price Waterhouse Coopers (PwC) had failed to challenge the management of the IT services company Redcentric. It was later found that the there was a 20 million pound in the company accounts. This was the charge… Read More ›
Women’s Earnings Peak 11 Years Earlier Than Men, But Get $35,000 Less: Survey
The peak earning potential for working women in general is reached by them about 11 years prior to men. Additionally, women get $35,000 less in the average salary compared to their male counterparts, found a recent study. The study which… Read More ›
Tariff As Tool For Foreign Relations Defended By Trump
His strategy of using trade tariffs as a tool for gaining strategic advantages in trade relations with other countries was defended by the United States president Donald Trump on Tuesday even as its trade war target China pledged to reciprocate… Read More ›
European Union poised to extend tariffs on Chinese bicycles
The bicycle industry has been identified as a key industry in China’s current five-year plan and its Made in China 2025 initiative. Thus it is very likely that the state-backed producers would return to selling them at high volumes and… Read More ›
Have sufficient production capacity outside of China to meet Apple’s U.S. demand: Foxconn
Realigning of supply chain outside of China is important for companies looking to escape the U.S.-China trade war. In a significant development Foxconn, the world’s largest contract electronics assembler, disclosed it has enough producing capacity outside of China to meet… Read More ›
Crocs Inc cuts sourcing from China
Footwear maker Crocs Inc to cut sourcing sourcing U.S. products from China to 10% in 2020, down from 30%. In a significant development, footwear maker Crocs Inc stated, it aims to cut the amount of U.S. products that it sources… Read More ›
China Will Retaliate Is Trade War Is Escalated By US
China’s foreign ministry said on Tuesday that it would take firm measures in response to any possible measures by the United States which would escalate the ongoing trade war between the two countries. The Chinese statement followed threats from the… Read More ›
Salesforce To Acquire Big Data Firm Tableau For $15.3 Billion
The United States based corporate software firm Salesforce.com Inc will be acquiring the Tableau Software Inc, which is a firm that deals with big data collection and analysis, for a deal worth $15.3 billion. This is the largest acquisition for… Read More ›
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