According to three sources familiar with the matter at hand, China’s Great Wall Motor has decided to re-allocate a portion of its $1-billion investment in India to Brazil following a year-long delay in winning government approvals. The development comes in the… Read More ›
Strategy
China Files Case Against Tencent Over WeChat Youth Mode
Charges that Tencent’s messaging-app WeChat’s Youth Mode does not comply with laws protecting minors were placed against the Chinese tech company by the country’s regulators and prosecutors have filed a civil legal action against the company already. The Youth Mode… Read More ›
Electric Vehicle Metals To Be Explored In Greenland By Billionaire-Backed Mining Firm
An agreement has been signed between mineral exploration company KoBold Metals and London-listed Bluejay Mining for searching for critical materials in Greenland that are used in electric vehicles. KoBold is backed by billionaires including Jeff Bezos and Bill Gates. Bluejay… Read More ›
Antitrust probe by Italy’s AGCM looms ahead of McDonald’s, franchise business model in focus
According to a document from Italian antitrust authority AGCM, the regulator will investigate the terms and conditions in McDonald’s agreements with franchise operators following several complaints. The development could see the U.S. fast-food chain at risk of a hefty fine of… Read More ›
Britain to relax COVID-19 travel restrictions for COP26
With British Prime Minister pushing for COP26 to be an in-person event rather than a virtual one, Britain said, it will relax some travel restrictions to help delegates attend the U.N. climate conference in Scotland later this year; this will… Read More ›
Berkshire Hathaway-backed Brazilian digital bank Nubank hires bankers for upcoming US IPO
According to a source familiar with the matter at hand, Brazilian digital bank Nubank, which has the backing of Berkshire Hathaway, has hired Morgan Stanley, Goldman Sachs and Citigroup to help lead its U.S. initial public offering. Earlier in June,… Read More ›
Acquisition Bid For Respiratory Drugmaker Vectura Raised By Tobacco Giant Philip Morris
Its bid to buy respiratory drugmaker Vectura has been raised to more than £1bn by Tobacco giant Philip Morris. Inhaled medicines and devices for treating respiratory illnesses such as asthma is made by Vectura and its customers include the likes… Read More ›
A Formal Two-Year Contract Offer From PSG To Lionel Messi After His Barcelona Exit
Football super star Lionel Messi has been formally made an offer for a two-year contract to join Paris Saint-Germain, claimed several reports. An initial two-year deal has reportedly been offered by the French football club which is believed to be… Read More ›
Chinese Regulators To Curb Unruly Online Fans And Pop Culture Shows
Strict action was taken against “unhealthy” online fan groups by Chinese internet and media regulators even as supporters of pop star Kris Wu flooded Chinese social media platforms to claim that innocence of the singer and to defend him against… Read More ›
Recognizing Delta variant threat Tesla asks workers to mask up at Reno, Nevada facility
According to a report from the Wall Street Journal, Tesla Inc has informed its workers at its Nevada battery factory that they will be required to wear a mask when working indoors regardless of their vaccination status. Previously, Tesla had told… Read More ›