In a significant development, following the slow pace of Wells Fargo & Co’s efforts to compensate victims of its fraudulent sales practice scandals, U.S. regulators have now warned the bank that it potentially faces new sanctions. The Consumer Financial Protection Bureau… Read More ›
In a significant development Volkswagen AG said, it has asked the U.S. Supreme Court to reverse an Ohio court ruling which paved the way for the state to move ahead with a lawsuit over its diesel emissions scandal. Previously, VW had… Read More ›
Cookie Department Inc, a cookie maker based out of California has sued Hershey Co for the right to keep using a stylized chocolate chip teardrop on its packaging, following Hershey complained that it looked too familiar with its famous Hershey’s… Read More ›
Officials from the American Chamber of Commerce in China’s southwestern city of Chengdu said, Chinese authorities have instructed them to close the American Chamber of Commerce. Earlier this week, the chamber notified its members that, in accordance with Chinese laws… Read More ›
According to a declaration by the United Nation’s Environment Programme (UNEP), the last remaining stocks of leaded petrol have been used by completely last month – eliminating the high pollution causing fossil fuel. This was achieved after the UNEP campaigning… Read More ›
A “very strong recovery” in the coming months in the airline industry is expected by Ryanair, the largest airline of Europe by passenger numbers, according to the company’s Group Chief Executive Michael O’Leary. Its target of flying more than 10.5… Read More ›
With China trying to tackle a surge in Covid-19 cases and grappled with the ongoing shipping crisis, the economy of the country slowed down in August. An official survey denoting manufacturing activity dropped to 50.1 in August compared to 50.4… Read More ›
There is limited data available that can be used for proper evaluation of the need for Covid-19 vaccine booster shots for the general population, said a CDC scientist. There is pressure on American health officials by President Joe Biden to… Read More ›
In a statement the U.S. Securities and Exchange Commission (SEC) said, the units of three broker-dealer and investment advisory firms have agreed to pay hundreds of thousands of dollars in penalties to settle charges over cybersecurity failures. The SEC had… Read More ›
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