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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

U.S. Slashes China ‘De Minimis’ Tariff to 54% as Trade Truce Takes Effect 05/13/2025

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Business & Finance

Alphabet Inc Creates New Council For Workplace Policy Enforcement

Employees of Alphabet Inc will have to be careful of their conduct at workplace. On Friday, 25 September 2020, Alphabet Inc revealed that it is in the process of putting up a “new advisory council” for the purpose of overseeing the company’s efforts towards workplace policy enforcement in the area...

Suit Against US Govt. Over Tariffs On Car Parts Filed By Tesla, Volvo, Ford And Mercedes

A number of major car manufacturers - Tesla, Volvo, Ford and Mercedes-Benz, filed court cases against the United States President Donald Trump’s administration against the tariffs. Tesla CEO Elon Musk called the tariffs imposed on certain car parts imported from China as “unlawful”. The...

Control Of China Unit Sold By WeWork, Units Claims To Have Obtained $200 Million In Funding

As a part of its broader strategy to pull back from markets that are highly competitive, the United States based office sharing startup WeWork will be selling the control of the business of its Chinese division to one of its investors - private equity firm Trustbridge Partners, as the company has...

JP Morgan to pay record $1B fine due to market manipulation

American JP Morgan Chase & Co. could pay a fine of almost $ 1 billion in connection with the investigation by the US authorities into the bank's operations, Bloomberg reported, citing sources. "JP Morgan Chase & Co. is preparing to pay almost $ 1 billion in connection with the investigation...

Airlines Pin Hopes Of Revival On Preflight Rapid Antigen Tests For Covid-19

Pre flight tests for Covid-19 that can deliver results s fast as pregnancy tests is the new hope for European airlines for restoring confidence of passengers to take to the skies in confined spaces with shared air Despite being dependent on government bailouts for survival, Germany’s...

LG Chem To Spinoff Its Battery Business As Demand For Electric Vehicles Rise

With the rise in global demand for electric vehicles and a consequent rise in interest in the battery sector that powers electric vehicles, its battery business will be spinned off by LG Chem in December. The plans for creating a new subsidiary, which will tentatively called LG Energy...

Luckin Coffee and 43 other companies get $9M fine in China

China's chief market regulator has fined 61 million yuan ($ 9 million) two operating divisions of Luckin Coffee Inc. and 43 more companies that helped the coffee chain falsify sales and expense data. They were found guilty of violating the law on preventing unfair competition, Xinhua news agency...

China’s Global Times Says Beijing Unlikely To Approve Oracle, Walmart's TikTok Deal

The deal that the United States based companies Oracle Corp and Walmart Inc have claimed to have struck with the Chinese company ByteDance about the ownership of its Chinese short video sharing app TikTok is not likely to be approved by Chinese authorities because it is considered by Beijing to be...

Microsoft buys Bethesda for $7.5B

Microsoft Corporation announced purchase of game developer and publisher ZeniMax Media. ZeniMax's most compelling asset is Bethesda Softworks, the creator of popular games like The Elder Scrolls, Wolfenstein, and Dishonored, as well as the latest Fallout and Doom games. The deal amounted to $ 7.5...

Illegal Money Scandal: 25 Year Low For HSBC Stocks In Hong Kong While StanChart Sags

After reports emerged about HSBC, Standard Chartered Hong Kong and some other banks were engaged in moving large sums of money that had allegedly been illegally amassed over a period of almost two decades without any alerts being sounded about the origins of the money, shares of HSBC and Standard...