The German IT industry association Bitkom estimated that the attacks on German companies caused around 55 billion euros’ worth of damage a year and said that more than half the companies in Germany have been hit by spying, sabotage… Read More ›
Regulations & Legal
London’s Alternative Investment Market (AIM) loosing investor’s money
Here is the result of a study on London’s AIM. An eye opener on Chinese investment in Britain. As per an accountancy firm specializing in London’s junior stock market, 14 companies have left London’s Alternative Investment Market (AIM) from January… Read More ›
British government pushes to rejuvenate through green technological policy
As Britain prepares to leave the EU, May’s government is pushing for a greener, cleaner industrial policy. On Monday, as part of the British government industrial strategy to boost growth, productivity and distribution of wealth, the country’s business minister is… Read More ›
Analysts Say That As Draghi Spurs Rally, Euro Could Hit $1.20 By Year End
According to analysts who say that it is set to ride a wave of improved euro zone data and weakening investor conviction in the U.S., the euro could be on track to hit $1.20 against the dollar before the year… Read More ›
Audi recalls 850,000 diesel powered vehicles to update emission software
The recall also covers VW, and Porsche vehicles which share the same engine. Volkswagen’s luxury brand Audi is recalling 850,000 diesel cars to update the vehicle software which control its emissions. The move is strategic since it is aimed at… Read More ›
Jaguar Land Rover picks China for its first overseas engine plant
Like much of the British car industry, the uncertainty surrounding Brexit negotiations is pushing companies to invest overseas rather than expand production facilities in the country. On Friday, Britain’s Jaguar Land Rover picked China for its first overseas engine plant… Read More ›
FTC probing allegation of Amazon’s deceptive pricing strategy
Advocacy group, Consumer Watchdog has alleged that Amazon’s deceptive pricing strategy is making the prices of its products look like a bargain. It has asked the FTC to stop Amazon’s acquisition of Whole Foods while its deceptive discount continues. According… Read More ›
Birmingham Retirement and Relief System sues Chinese ZTO over untrue financial statement in its 2016 IPO
The lawsuit states that the underwriters had failed to do their due diligence. A U.S. pension fund has sued Chinese courier ZTO Express and its underwriters alleging that the company has significantly hiked its profit margins to attract investors for… Read More ›
Fintech Reluctant To Leave London For Paris Even Though Charmed By Macron
France’s dynamic new president will push its fastest growing fintech sector up the global rankings the sector is optimistic. But even if they have French roots, startups based in London do not yet seem ready to swap that key hub… Read More ›
Former Credit Suisse banker pleads guilty in offshore tax case
The former banker has pleaded guilty in aiding U.S. citizens hide their assets in Switzerland, evading U.S. taxes. On Wednesday, a former banker from the Credit Suisse Group AG pleaded guilty to participating in a wide-ranging scheme that was designed… Read More ›
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