In order to safeguard and weather the impact of China’s coronavirus from ravaging Singapore’s economy and help contain the outbreak in the country, Singapore announced financial packages worth around $4.5 billion on Tuesday. While delivering the budget speech, Singapore’s Finance… Read More ›
businesses
UK companies have to spell out financial impact of coronavirus in annual reports: Britain’s financial watchdog
On Tuesday, Britain’s accounting watchdog stated, companies should disclose the financial impact that China’s coronavirus will have on their businesses, if any. Annual reports for 2019 are due and companies are required by law to disclose the main risks and… 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 ›
Complicated migration policy post-Brexit will lead to shortage of skilled workers
On Thursday, a leading employer’s group stated, Britain’s plans to introduce a new system for immigration after Brexit is likely to lead to be complicated and cause a shortage of skilled workers. According to the results of a survey, more… Read More ›
Domino’s Pizza to exit from 4 international markets citing mounting losses
Sales in international markets have been down despite a turnaround plan. The decision to quit from these markets comes in the wake of the company announcing the retirement of its CEO Wild. On Thursday, Britain’s biggest pizza delivery company Domino’s… Read More ›
Global fiscal crisis poses biggest threat to global economy: World Economic Forum survey
Here is the result of the WEF’s Executive Opinion Survey. According to the results of a survey by the World Economic Forum which was published on Tuesday, the possibility of a fiscal crisis at the world stage is the biggest… Read More ›
Deutsche Bank pays $16 million settlement for non-compliance to U.S. corruption laws
Deutsche Bank has now taken several remedial measures to mitigate the issues revolving around its hiring practices and internal accounting controls. In a statement the Securities and Exchange Commission (SEC) stated, Deutsche Bank has agreed to pay more than $16… Read More ›
U.S. does not want to do business with Huawei on national security grounds: Trump
As a gesture of good faith, the U.S. is slated to extend a “temporary general license” for Huawei for a period of 90 days. Despite the fact that the Trump Administration has extended a grace period for U.S. business to… Read More ›
Italy’s antitrust regulator launches probe into 5 amazon businesses
Italy’s antitrust body has launched a probe into Amazon Services Europe, Amazon Europe Core, Amazon EU, Amazon Italia Services and Amazon Italia Logistica. On Tuesday, in a significant development, Italy’s antitrust authority disclosed it has begun a probe into five… Read More ›
Trump has broad support for his trade reform push against China
Trump is determined to fix China’s trade relationship with the U.S., an issue that he has railed against for years, long before he even stood for the U.S. Presidency. Although U.S. President Donald Trump’s “America First” policy has angered many… Read More ›