Cybercriminals have begun to target family offices that manage the wealth of wealthy investors more frequently. They have weaker defences than banks, making them easier targets for criminals. Digitalisation and the pandemic have increased the activity of cyber-fraudsters trying to defraud family...

Chinese online retailer Pinduoduo has published its financial statements for 2020 - the information that attracted the most attention from investors and the media was that the number of active users of the service reached 788.4 million people for the year. Thus, Pinduoduo overtook Internet giant...

Following the decision of a Federal judge in the United States suspending a blacklisting of the Beijing based smartphone maker Xiaomi by the administration of the former US president Donald Trump, a host of Chinese firms that have also been included in the sweeping investment ban and blacklisting...

Electric vehicles may be manufactured by Foxconn, the major Apple Inc supplier, at its factory in Foxconn which is a high profile one but is currently in some trouble, said chairman of the Taiwanese company. However the company also choose to Mexico for this project.   At a White House...

US pharmaceutical company Purdue Pharma, considered one of the main culprits of the US opioid epidemic, has submitted a plan to emerge from bankruptcy. The plan has been submitted to the bankruptcy court in White Plains, New York. As the submitted plan suggests, Purdue Pharma will be dissolved and...

The US Internal Revenue Service (IRS) is not effectively collecting taxes from wealthy Americans. Taxpayers with incomes over $1.5m a year have failed to pay 39% of their income tax arrears and owe the treasury $2.4bn, CNBC reported, citing a report from the Treasury Inspector General for Tax...

Those people who have been vaccinated against Covid-19 should be allowed to travel without any restrictions while those who are not should travel with a negative Covid-19 yes report, said the new boss of British Airways as he explained his ideas about restarting travel. The United Kingdom is set to...

British American Tobacco, which owns the Kent and Lucky Strike brands, has decided to enter the marijuana market. It has agreed to buy a stake in Canadian cannabis products maker Organigram, whose shares have risen more than 30% since the deal. One of the world's largest tobacco suppliers British...

China's antitrust authorities plan to fine Alibaba for a record amount, The Wall Street Journal reported citing sources. According to the publication, the amount of the penalty may exceed $975 million. This amount was paid by Qualcomm in 2015 for violating the country's antitrust laws: currently...