There is hardly any free space left in American warehouses as traders and retailers are filling them up with Chinese products of all kinds – microwaves, vacuum cleaner filters, swimwear, furniture, said Amy Magnus, head of the National Customs Brokers… Read More ›
Regulations & Legal
Volvo Prepares For No-Deal Brexit, Stockpiles Products In UK
Sweden’s truck making firm AB Volvo is creating safety stock” with its British dealers and is contemplating alternatives to ship its vehicles to the UK to that there is minimum disruption for its products to reach the market as the… Read More ›
European Union launches forced technology transfer case against China
The WTO action by the EU, mirrors similar concerns raised by the United States. This is the second such action the European Commission has taken against China at the WTO. On Thursday, for the second time this year, the European… Read More ›
Germany tightens foreign investment rules eyeing China
Earlier this month, European Union states have agreed to coordinate scrutiny of foreign investments in Europe, notably from China. In a significant development, Germany has agreed to adopt new business rules that lowers the threshold for screening for mergers and… Read More ›
New Research Warns A Cashless Society Would Put Millions At Risk
According to a new report, millions of people could be in danger of being affected by the risks of shifting towards a completely cashless world. While large tech companies such as Apple believes that in the near future, there would… Read More ›
UK Court Dismisses Uber’s Appeal On Employment Rights Of Its Drivers
Judges in the United Kingdom struck down an appeal by the ride hailing company Uber against a historic ruling by the employment tribunal of the country which mandated that the drivers of Uber would have to be recognised as workers… Read More ›
Bankrupt U.S. retailer Sears Holdings Corp takes a hit of $443 million in store closure charges in the third quarter
Some charges remain to be booked in the 4th quarter. According to a regulatory filing, bankrupt U.S. retailer Sears Holdings Corp will take a $443 million charge on account of the closures of its stores. Sears stated, some of the… Read More ›
France To Impose A New Tax On Large Tech Companies Alone
After France failed to make its European Union partner countries to agree to a EU-wide imposition of a new tax on big technology companies, the country has decided to go ahead alone with it. About €500m in its first year… Read More ›
Ultra Rich Investors Should Consider Exiting UK With Assets, Advises Credit Suisse: FT Report
According to a report published in the Financial Times on Tuesday, credit ratings agency and wealth managers Credit Suisse has reportedly advised the ultra-high net worth individuals (UNHWI) that they could think about accelerating their plans to take their investments… Read More ›
CFIUS approves T-Mobile US & Sprint Corp’s merger
The CFIUS approval comes in the wake of Deutsche Telekom reviewing its ties with Huawei. T-Mobile is a unit of Deutsche Telekom. In a significant development, T-Mobile US and Sprint Corp have stated they have received the go-ahead from the… Read More ›