A restriction on the number of banks that a single fintech platform can partner with could be imposed by Chinese authorities, said the country’s former finance minister Lou Jiwei. That measure could be taken up to not allow any such… Read More ›
Strategy
Dozens Of Chinese Firms, Including SMIC And DJI, Named In US’s Trade Blacklist
The top Chinese chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology Co were among the dozens of Chinese companies that the United States government added to its trade blacklist on Friday in the latest measure implemented by the US… Read More ›
Coke’s Pandemic Induced Restructuring To Result In 2,200 Job Losses Globally Worldwide
A restructuring plan that is soon to be implemented by the global soft drinks giant Coca Cola will see a reduction of about 2,200 jobs in its global workforce. The novel coronavirus pandemic has already hit the business of the… Read More ›
China-EU Investment Agreement Could Be Struck By Year-End, Says Reports
The European Union and China are trying to strike an agreement on investment by the end of the current year which will give the EU greater access to the Chinese market. Negotiations for this deal has been ongoing for the… Read More ›
Bitcoin’s Value Crosses $20,000 And Hits An All-Time High
The virtual currency bitcoin broke its own record and touched an all-time high of as it went past the $20,000 mark. With the stock market in turmoil this year, the value of this volatile virtual currency has increased by more… Read More ›
Switzerland’s competition commission opens investigation against telecoms provider Swisscom
On Thursday, Switzerland’s competition commission (COMCO) stated, it has opened an investigation into Swisscom, a telecoms provider, and ordered the adoption of immediate precautionary measures to allow competitors access to networks during expansion of its optical fiber network. Swisscom is… Read More ›
U.S. & EU should iron out differences over subsidies to aircraft manufacturers: USTR
In a significant development, in an interview, U.S. Trade Representative Robert Lighthizer stated the United States and Europe should agree to be on the same page and collaborate in opposing any future “hurtful” subsidies used by China to build up… Read More ›
Nokia names Nishant Batra as CTO
On Thursday, in a statement Nokia named Nishant Batra as its chief strategy and technology officer. Batra will also be joining the company’s leadership team from January 18. Batra is currently the CTO at Veoneer, an auto technology group, and… Read More ›
Washington hopeful of mini-trade deal with London: USTR
In a statement, U.S. Trade Representative Robert Lighthizer told the BBC that Washington is aiming to seal a mini-trade deal with the U.K. which will see a reduction of trade tariffs. Hopefully, punitive tariffs on Scottish whisky could be lowered… Read More ›
Workers Vandalize India iPhone Factory Over Non-Payment Of Salaries By Apple Supplier
Workers at an iPhone factory in India run by a Taiwanese manufacturer vandalised it over claims that they were not been paid wages. This incident has prompted the iPhone maker Apple to start an investigation into it. People were seen… Read More ›
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