A report from The Telegraph stated, the UK treasury may back a global overhaul of corporate tax as outlined by U.S. President Joe Biden if the White House supports its demand to crack down on U.S. tech giants. Britain has… Read More ›
US
Tires for cars and light trucks from Vietnam being unfairly subsidized by currency undervaluation: US Commerce Department
In a statement, the U.S. Commerce Department said, tires for cars and light truck from Vietnam are being unfairly subsidized given that its currency is undervalued. The development marks the first finding of its kind by the US Commerce Department…. Read More ›
Tesla could establish presence in Russia: Elon Musk
On Friday, while adding an event via a video link, Elon Musk said Tesla was close to establishing a presence in Russia and was looking at options to see whether it could open a factories in the country. While Tesla… Read More ›
Construction management startup Procore Technologies raises US IPO range
On Thursday, Procore Technologies Inc, a construction software startup said, it has priced its U.S. initial public offering (IPO) at $67 per share, higher than the range it had announced earlier this month. California-based Procore Technologies is offering around 9.5… Read More ›
German antitrust regulator Federal Cartel Office launches investigations against Amazon.com Inc
On Tuesday, Germany’s antitrust watchdog said it has launched a new investigation into whether U.S. e-commerce giant Amazon.com Inc is exploiting its market dominance. “In a first step, we are looking at whether Amazon is of outstanding, cross-market importance for… Read More ›
Australian casino operator Crown Resorts Ltd rebuffs Blackstone Group’s $6.5 billion buyout offer
On Monday, Australian casino operator Crown Resorts Ltd said it is not interested in U.S. private equity giant Blackstone Group Inc’s buyout offer since it undervalued its assets and the potential deal would not be in the best interest of… Read More ›
Department of Homeland Security approves Jones Act waiver request to ease oil supply constraints
In a significant development, the U.S. Department of Homeland Security has approved a Jones Act waiver request to an individual company in response to Eastern Seaboard oil supply constraints, said Secretary Alejandro Mayorkas. “This waiver will help provide for the… Read More ›
Ford Motor Co recalls 661,000 Explorer SUV in North America over roof rail detachment issue
In a statement Ford Motor Co said, it is in the process of recalling 661,000 Explorer sport utility vehicles in North America following a request by U.S. regulators who have said, Ford should recall the model due to the potential loosening… Read More ›
Rise in demand for US travel on vaccine tourism: LATAM Airlines Group
In a statement the LATAM Airlines Group said it sees an increase in demand from South Americans wanting to travel to the US to get vaccinated against the coronavirus. “The past few weeks we have seen an increase in that… Read More ›
US Secretary of State on Chinese investment in the West
In a statement U.S. Secretary of State Antony Blinken said, Western nations have to be very careful about the exact nature of Chinese investment in their economies. “I think we have to be very careful about exactly what the nature… Read More ›
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