Attempts to create a global framework for imposing digital tax on technology companies such as Google, Facebook and Amazon are being continued by the European Union and the United Kingdom despite the United States walking out of the negotiations for… Read More ›
Albertsons Cos Inc, a U.S. grocery retailer said, it is aiming to raise up to $1.32 billion through its initial public offering (IPO). Certain selling stockholders are offering 65.8 million shares at an indicative price range of $18 to $20… Read More ›
In a document that has been made public this week, Elon Musk, Tesla Inc’s CEO said, he wants to start building a large vehicle assembly plant in the southwestern U.S. as early as the third quarter of this year. Tesla… Read More ›
A day after top U.S. diplomats met with their Chinese counterparts in Hawaii, U.S. President Donald Trump renewed his threat to cut ties ties with China given its history of not sticking to its commitments. Describing the U.S.-China as “tense”… Read More ›
In a significant development, the U.S. Senate has passed a major conservation bill that permanently direct $900 million a year in funding to a long-standing federal program which is aimed at protecting and acquiring public lands. The 73-25 vote in… Read More ›
On Wednesday, Britain and New Zealand formally launched free trade negotiations, with the former looking to line up deals with other countries post-Brexit. In a statement, New Zealand’s Minister for Trade and Export Growth David Parker said, New Zealand is among… Read More ›
On Wednesday, according to an internal memo, HSBC plans on reviving its massive redundancy plan of trimming its workforce. It plans on cutting 35,000 jobs over the medium term, reads the memo. It will also maintain a freeze on almost… Read More ›
Social media giant Facebook has refused to share advertisement revenues generated from its social media platforms, ignoring the calls from both the Australian government and news companies about sharing advertising revenue with the media. Facebook has instead suggested that it… Read More ›
Days after lifting almost all restrictions imposed because of the spread of the novel coronavirus pandemic and more than three weeks without reporting any new fresh cases of the viral infection, New Zealand has reported a couple of confirmed cases… Read More ›
The drop in demand for oil for the current year will be the steepest in history, predicted the International Energy Agency on Tuesday. The IEA said that “a more stable footing” over the coming months could be reached by the… Read More ›
