The Swiss banking giant stated it will provide a more detailed report on the impact of the U.S tax bill on its operations in its fourth quarter report, scheduled to be published on Feb. 14. Swiss banking giant Credit Suisse… Read More ›
Regulations & Legal
T-Mobile Austria to buy Liberty Global Plc’s UPC Austria unit for $2.25 billion
The deal will enable T-Mobile Austria to better compete with bigger rivals such as A1. Liberty Global Plc stated it would divest its UPC Austria business to T-Mobile Austria, an unit of Deutsche Telekom, for a value of $2.25 billion… Read More ›
Swiss pharmaceutical giant Roche acquires U.S. Cancer drug maker Ignyta for $1.7 billion
Ignyta’s precision drugs and diagnostic portfolio will help Roche increase its global footprint in the oncology department. On Friday, U.S. cancer drugmaker Ignyta Inc and Swiss drugmaker Roche disclosed that the Swiss pharmaceutical giant will acquire U.S. drugmaker for $1.7… Read More ›
Corporate criminal case against China’s ZTE takes an interesting turn
While an investigation by the U.S. Department of Justice found ZTE shipping goods illegally to Iran and its ally North Korea in violation of U.S. trade laws, which led to the company paying a record fine. The manner in which… Read More ›
Biometric Boarding Trial In The US Begun For The First Time By British Airlines
British Airways in partnership with Los Angeles Airport, has for the first time in history of aviation, set up experimental self-service biometric boarding gates on international flights out of the USA. Flyers would have a smoother journey because of the… Read More ›
There Is Demand For Bitcoins From Ransom Seeking Hackers As Incidents Skyrockets
Chubb Ltd is one insurer among at least three companies that are facing increase in costs related to claims from ransomware attacks. The company mainly serves wealthy families and corporations. And the rising value of bitcoin has been blamed by… Read More ›
European Commission launches anti-subsidy probe against Chinese exporters
China’s strategy of excessive production and dumping what it cannot domestically consume on its trade partners has widespread ramifications for domestic producers; already being probed by the United States, the investigation by the European Commission is the latest scrutiny of… Read More ›
South Korea to purchase 20 additional stealth fighter aircrafts frmo Lockheed Martin
The news report by South Korea’s Joongang Ilbo newspaper follows U.S. President Donald Trump’s visit to Seoul. On Thursday, a South Korean newspaper reported that the country plans on buying an additional 20 F-35A stealth fighter aircrafts from the US…. Read More ›
A brief outlook on the impact of the U.S. tax code on Apple Inc
Analysts opine, the revised repatriation rules are likely to be the pivot in Apple’s cash strategy. With the U.S. Congress passing the Republican-led tax overhaul bill, one of Apple’s long standing goal of repatriating $252.3 billion in foreign cash without… Read More ›
European Court of Justice rules Uber is a transport service provider
Although the landmark ruling will not have an immediate impact on the rider hailing service provider, since it already operates under transportation law, it will nevertheless have a material impact on the company’s finances and its operations. On Wednesday, in… Read More ›
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