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 ›
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FCC okays foreign ownership in iHeartMedia to exceed 25% of foreign investment cap
In a statement the U.S. Federal Communications Commission (FCC) said, it has approved a petition which allows foreign investors to exceed the current 25% foreign investment cap in iHeartMedia Inc. In 2018, the company had filed for bankruptcy and in… Read More ›
Leaving behind its 2015 diesel emission sandal, VW pushes for personal transport services
This strategic move marks Volkswagen’s push into transportation as a service. On Monday, in a strategic move, Volkswagen has unveiled an all-electric minibus which targets urban customers who prefer to pay for transportation rather than own their own vehicles. The… Read More ›