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US And TikTok Want A Quick Timeline With A Decision On A Possible Ban By December 6 05/18/2024

Tesla to invest over $500 million to expand its network of EV fast charging stations 05/13/2024

UK authorities cut stake in NatWest bank below 27 per cent 05/14/2024

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French Supermarket Giant Casino Sued By Indigenous Amazonians For Rainforest Destruction

A lawsuit was filed against the French retailer Casino in a French court by indigenous people from Brazil and Colombia in which they alleged that the retailer was selling beef that had links with notorious incidents of land grabbing and deforestation in the Amazon, according to campaigners involved...

Blackstone's chief executive receives over $610M remuneration in 2020

Blackstone Group chief executive and co-founder Stephen Schwartzman received at least $610.5m in dividends and compensation in 2020. This is the largest payout among US private equity fund directors and 20% more than was paid out to the billionaire the year before. Blackstone Group chief executive...

Walmart to raise employees' wages to $15 an hour due to COVID-19 pandemic

One of the world's largest retailers, US chain Walmart, has announced its intention to raise salaries for its US employees after a successful financial year. One of the world's largest retailers, US chain Walmart, has announced its intention to raise salaries for its US employees after a successful...

Tech Giants Targeted By New Anti-Monopoly Rules In China

The grip of the tech companies of China which is already stringent was strengthened further on Sunday with the country’s market regulator releasing a set of new guidelines related to anti-monopoly policies that are specifically designed to clamp down on market dominance of some of the internet...

Amazon's new head sets to develop its gaming business despite a string of failures

Amazon will continue to develop its Amazon Game Studios (AGS) game division despite a string of failed projects, said Andy Jassy, who will succeed billionaire Jeff Bezos as CEO by the fall of 2021. This was reported by Bloomberg, citing Jassy’s letter sent to employees. "Some businesses grow from...

BlackRock C.E.O Push Companies Towards Net Zero Transition

Last month, BlackRock had urged companies to “lay out their plans” of reaching “net-zero emissions by 2050”. BlackRock is the “biggest” asset management company in the world led by C.E.O Larry Fink. While Fink gave out a warning to the companies that the asset manager “invests in”, saying the...

Tech companies employees name the best country to work in

Employees of global technology companies have named the UK as the best place to work, according to a ranking by online job search site Glassdoor. The United Kingdom is recognized as the best place for IT and technical specialists by employees of companies such as Salesforce, Microsoft, Abcam,...

Cvoid-19 Vaccines From Bharat Biotech And Oxford/AstraZeneca Approved In India

In its efforts to launch the one of the biggest inoculation drives of the world, two coronavirus vaccines have been formally approved by the Indian authorities for emergency use. The vaccine candidate developed by AstraZeneca with Oxford University and one developed by local firm Bharat...

New Draft Riles By EU For Large Tech Firms Proposed Fines Of 6-10% Of Annual Turnover

The new draft rules for regulating large tech companies drawn up by the European Union will force companies such as Amazon, Apple, Facebook and Alphabet unit Google to potentially change their business practices in the bloc or face fines of between 6 and 10 per cent. The aim of the new...

UniCredit CEO’s Uncertain Future Puts Governance Talks On Hold

Mustier puts forth “strict conditions” about any “potential deal”. Informal discussion regarding governance at UniCredit have been put on hold since it is not clear of the bank’s C.E.O “will stay”. The mandate of Jean Pierre Mustier is coming up in spring for renewal while sources familiar to the...