On Monday, British Prime Minister Boris Johnson disclosed he has placed further cuts on corporation taxes on hold and he will be pumping in more money into services such as healthcare and made it a central issue in the December… Read More ›
services
Amazon pumps in more than $600 million into its Indian subsidiaries
Amazon has not clarified how and where it will utilize the money. Documents filed with the Registrar of Companies show that U.S. retailer, Amazon.com Inc has invested $634.20 million (around 45 billion rupees) into its Indian subsidiaries. Clearly, Amazon is… Read More ›
24 out of 27 British sectors unprepared for no-deal Brexit: Confederation of British Industry
The lack of preparedness will significantly impact the majority of British sectors in the event of a no-deal Brexit, according to a report from the Confederation of British Industry. In a significant development, the Confederation of British Industry (CBI), a… Read More ›
United Airlines to resume daily non-stop flights from India to the U.S. from September 6
Pakistan had imposed a flight ban on its airspace following Indian strikes on terror camps in its territory. Pakistan has now issued a NOTAM lifting that restriction. On Wednesday, United Airlines Holdings Inc stated, it would restart its daily nonstop… Read More ›
Apple pushes to boost services business in China
Faced with sluggish iphones sales in China, Apple is now trying to replicate the success it met in Bengaluru, India, with China. Cupertino aims to start training Chinese developers to create apps in order to build its services business in… Read More ›
Ola to launch ride hailing services in UK by September
Ola will face competition from Uber and Daimler-backed Bolt in the London. In a significant development, London’s transport regulator has permitted Indian ride-hailing company Ola to launch its service in the city. Bengaluru-based, SoftBank-backed Ola stated it has got a… Read More ›
Private equity firm Apollo Global Management LLC acquires Shutterfly for $2.7 billion
Shutterfly’s business has become increasingly commoditized and competitive, forcing it to explore a sale. Apollo Global Management LLC, a private equity firm, has agreed to acquire U.S. digital imaging company Shutterfly Inc for $2.7 billion, including the company’s $900 million… Read More ›
Britain should not go soft on economic crimes post Brexit: TSC
A report from the British Parliament’s Treasury Select Committee (TSC) has called for improving anti-money laundering standards post Brexit. On Friday, a panel of British lawmakers stated, Britain should not go soft on anti-money laundering standards in order to win… Read More ›
Success of U.S.-China trade talks will hinge on verification and effective enforcement on pledges
During earlier negotiations, although Beijing has made wide ranging commitments, it has taken its own sweet time, at times more than a decade, to implement its pledges. Unless China walks the talk, negotiations are unlikely to be fruitful. China’s pledges… Read More ›
China’s state planner to introduce policies that lowers investment barrier for new and old players
With U.S. tariffs biting hard, China is hoping to rely on its huge population to fuel its economy. China’s state planner aims at introducing policies that boost domestic consumption across a range of segments. A senior state planning official from… Read More ›
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