According to reports, warning that the European Commission’s own no-deal Brexit plans “fall short of what is needed to limit major disruptions” were delivered to it in a letter by business lobby groups. Business Europe – an umbrella body for… Read More ›
Regulations & Legal
Crashed Boeing Max Jets Did Not Have 2 Key Safety Features: Report
two safety features in their cockpits were missing in both the Boeing jets in Ethiopia and Indonesia crash because the aircraft maker charges extra amount for those features for installing them. According to a report published in The New York… Read More ›
AT&T’s CEO reveals Huawei’s Achilles heels
Here’s why it does not make any sense to partner with China’s Huawei, as explained lucidly by AT&T Inc’s Chief Executive Randall Stephenson. Randall Stephenson, AT&T Inc’s Chief Executive has disclosed, once you partner with China’s Huawei Technologies Co, it… Read More ›
Implications of heightened scrutiny on Boeing
One of the strategies adopted by Boeing to mitigate aspects from its high-profile scrutiny, is reshuffling of executives in its commercial airplanes business, as it increases its focus on responding to the snow-balling situation. With U.S. lawmakers calling on Boeing… Read More ›
Minerals used in batteries for EVs should be sourced responsibly
Amnesty International wants battery makers to source minerals responsibly. Extraction of minerals for use in batteries have been linked to human right abuses. With all due respect to Amnesty, it should redirect its focus on the blatant harvesting of human… Read More ›
Memory market likely to recover this year: Micron Technology
Although its second quarter profits have beaten analysts’ estimate, its profit forecast for the third quarter is well below Wall Street’s expectations. U.S. chipmaker Micron Technology Inc stated, it sees a recovery in the memory chip market in the coming… Read More ›
South Korean antitrust regulator KFTC lowers decade old fine on Qualcomm to $200 million
The cut in the fine comes in the wake of a Supreme Court ruling. The Korea Fair Trade Commission has made it clear that it will not tolerate a “monopolist enterprise’s abuse of its market position …” On Thursday, South… Read More ›
Disney Closes Its $71Bn Acquisition Of 21st Century Fox
A media house whose scale can only be imagined is not far off as Disney has closed the acquisition of Rupert Murdoch’s entertainment business deal worth its $71bn. The deal includes franchises such as Cinderella, The Simpsons and Star Wars,… Read More ›
Most banks short of compliance under Basel rules
Basel rules were created so as to avoid a scenario wherein taxpayer’s money is used to bail banks in case of a financial crisis. On Wednesday, financial regulators warned, top international banks will collectively require $34 billion (30 billion euros)… Read More ›
$1.32 trillion to leave London ahead of Brexit: EY
Asset managers, banks, and insurers in London are expanding their European operations or opening new offices there to avoid a disruption from Britain’s potentially chaotic departure from the European Union. On Wednesday, in a significant development, Earnest and Young (EY)… Read More ›