Through the green initiatives, 9 U.S. Northeast States are reducing their carbon footprint and creating thousands of jobs in the clean energy market. As per the results of a study that was released on Tuesday, thousands of jobs have been… Read More ›
Regulations & Legal
Elon Musk’s Boring Co raises $112.5 million in funding round
Boring Co is aiming to build underground tunnels for Elon Musk’s Hyperloop Project. Boring Co, Elon Musk’s startup which seeks to build underground tunnels for Musk’s hyperloop transportation project, stated it has raised $112.5 million in equity, 90% of which… Read More ›
Xerox-Fuji Film merger deal faces flak in amended lawsuit
The amended lawsuit has been filed by Darwin Deason, a Xerox shareholder, who along with activist shareholder Carl Icahn have nearly 15% stake in Xerox. As per a report by the Wall Street Journal, a lawsuit has been filed alleging… Read More ›
OECD Suggests Use Of Inheritance Tax For Reducing Wealth Inequality
The leading economic think tank of the Western world – the Organisation for Economic Cooperation and Development (OECD), is of the opinion that wealth inequality could be reduced by various governments with the use of the tax system with specific… Read More ›
Uk-based Playtech acquires 70.6% stake Snaitech for $1.05 billion
In a strategic shift the UK-based gambling company is aiming to relocate the sources of its revenues from regulated markets in the wake of increased headwinds from lawmakers in its home market. On Thursday, Playtech, a British gambling technology company… Read More ›
South Korea to complete due diligence on GM by early May
As per state-funded Korea Development Bank, General Motors is cooperating with its due diligence efforts and more documents more are streaming in. On Thursday, South Korea stated it expects to complete its due diligence on General Motors Co’s local subsidiary… Read More ›
15 U.S. companies have reduced their tax liabilities to negative tax rates in 2017
Here is a very interesting report by the Institute on Taxation and Economic Policy that is an eye opener on the ways Fortune 500 companies in the U.S. are routinely taking advantage of the U.S. tax code to boost their… Read More ›
Offices of 21st Century Fox Inc raided by officials from European Commission
The raid is linked to probable violations of EU antitrust rules. Investigators from the European Commission have carried out surprise inspections at the offices of firms linked to the broadcasting of sports events in several member states over concerns they… Read More ›
Revenge Porn Case Sees A Victim Woman Getting Compensation Of $6.45 Million
It can be costly to take revenge through pornography on the internet. A man has been found guilty of using the internet to spread naked pictures and videos of an ex-girlfriend online by a federal district court in California last… Read More ›
Germany is willing and ready to support battery makers: German Economic Minister Peter Altmaier
With battery technology being central to electric cars, Germany is exploring ways to boost the industry by supporting and exempting it from certain energy levies. On Tuesday, Germany’s Economy Minister Peter Altmaier said, the government is willing to support battery… Read More ›