In a significant development, Intel won a landmark $1.2 billion (1.06-billion euro) antitrust fine from the European Union with the Europe’s top court ruling in favour of Intel’s arguments. The ruling by the court is likely to cheer Alphabet’s Google as… Read More ›
block
Germany aims to ban British travelers from EU citing widespread incidents of COVID-19’s Delta variant in UK
On Monday, a report from The Times said, Germany will attempt to ban British travellers from the European Union regardless of their COVID-19 vaccine status. Given that the Delta variant of the Coronavirus-induced COVID-19 is widespread in Britain, German chancellor… Read More ›
Nasdaq, NYSE, Cboe Global Markets sue SEC over planned overhaul of public data feed
According to court filings, Nasdaq Inc and the New York Stock Exchange have sued the Securities and Exchange Commission in an attempt to block a plan by the regulator to overhaul public data feeds that broadcast stock prices to investors…. Read More ›
EU member states empowered to non-EU passengers from entering country, part of German proposal to contain COVID-19
On Thursday, according to a report from the Times newspaper, a German proposal could see European governments allowing a ban on all UK residents from entering their respective countries along with cutting off all passenger transport links with Britain. The… Read More ›
Washington bans 4 more Chinese companies from accessing U.S. investor funds
According to sources familiar with the matter at hand, the United States is slated to designate four more Chinese companies as being backed by China’s military thus curbing their access to U.S. investor funds. The previously unreported designations of the… Read More ›
Trump Administration bans U.S. investments in Chinese companies owned/controlled by Chinese military
In a significant development, the Trump Administration has passed an executive order which prohibits U.S. investments in Chinese companies, which are owned or controlled by the Chinese military. The executive order is likely to impact some of China biggest companies,… Read More ›
Britain taking steps to secure FTSE from hostile foreign state actors
On Wednesday, in a significant development, according to a report from The Times, British Finance Minister Rishi Sunak plans on blocking companies from being listed on the London Stock Exchange on national security grounds. The proposed move will see the… Read More ›
China temporarily blocks Shanghai-London Stock Connect scheme over political tensions
According to five sources, China has temporarily blocked the planned cross-border listings between the London and Shanghai stock exchanges due to political tensions with Britain. The suspension of the Shanghai-London Stock Connect scheme has cast a shadow over the future… Read More ›
Britain to enact law to safeguard assets of national security
The British government is set to table a bill which will enable it to intervene in mergers and acquisitions that threaten national security; intervention measures will include blocking the purchase of assets, including those related to intellectual property, as well… Read More ›
Hong Kong saw capital outflows of $5 billion midst pro-democracy protests
Following China’s attempt to thwart the pro-democracy movement in Hong Kong, since April the Asian financial hub has seen capital outflows of nearly $5 billion, said the Bank of England. According to the central bank’s Financial Stability Report, the flight… Read More ›