In one of the most drastic measures yet by the energy-rich kingdom to save money at a time of low oil prices, Saudi Arabia will cut ministers’ salaries by 20 percent and scale back financial perks for public sector employees…. Read More ›
Regulations & Legal
Cogenra Solar & Khosla Ventures sue SolarCity for intellectual property theft
This is yet another hurdle in Tesla Motor’s path on its stated plans of acquiring SolarCity. Embattled SolarCity is facing a new battle: it has now been accused by Cogenra Solar Inc., owned by SunPower Corporation and Khosla Ventures of… Read More ›
First systematic therapy for severe eczema likely to win FDA approval
French based Sanofi and its U.S. partner Regeneron Pharma set to win approval for the first systemic therapy for severe atopic dermatitis (AD). Sanofi, a French drug manufacturer, and its U.S. partner, Regeneron Pharmaceuticals, are set to win approval in… Read More ›
Tech companies tax profile to come under scrutiny in Thailand
Thailand’s revenue department plans to increase its tax collections and its working committee is looking into blocking tax loopholes that are exploited by tech firms. Internet and tech companies based in Thailand could potentially face increased scrutiny as the country… Read More ›
Majority of UK CEOs to either move their HQ or their operations out of Britain
EU business associations and companies agree that the only way Britain can continue to benefit from EU’s single market if it were to continue to follow its rules. Going by the results of a survey that was published on Sept…. Read More ›
Lanxess AG set to acquire Chemtura Corp for ~2.12 billion
The deal is set to have an enterprise value of $2.69 billion (2.4 billion euros). Lanxess AG is the world’s largest synthetic rubber manufacturer. Lanxess AG has stated that it would acquire Chemtura Corp, a specialty chemical company for around… Read More ›
Pokemon Go Raises questions About Impact on Global Property Laws by Virtual Reality
The Sydney suburb of Rhodes was transformed to what resident Joyce Wong described as a “place of carnage” with hundreds of people wandering around like “zombies” from a quiet neighborhood within one week in July. “The car hooting noise… Read More ›
Twitter initiates potential talks of selling itself
Suitors include Google and Salesforce.com with the former being a market favourite. According to a source who is familiar with the matter at hand, Twitter Inc. has initiated talks with several tech company in a potential bid to sell itself…. Read More ›
France to tax Societe Generale if Jerome Kerviel wins case
Societe Generale can face 2.2 billion euros in tax deductions since it had benefitted from the same earlier in 2010. The government of France has indicated that if the verdict from a court of Appeals were to rule that Jerome… Read More ›
Hanjin Shipping receives $45 million credit line to help unload its cargo
Despite numerous sources of credit, Hanjin Shipping is still short of 270 billion won to unload all of its cargo. The non-unloading of its cargo is likely to impact the upcoming holiday shopping season. In a development that could act… Read More ›
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