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European businesses ask for two-year delay in introduction of AI law 07/04/2025

Fast food chain Raising Cane's surpasses KFC in US sales in 2024 07/01/2025

Nippon Steel to raise $5.6 billion in subordinated loans to acquire US Steel 07/04/2025

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Business & Finance

Not A Good Start For Siemens' Record 16 Billion Euro Spin-Off T Frankfurt

The first day of trading of the largest spin off ever in Germany, which created the company called Siemens Energy, as not good as the shares of the new company opened lower than expected at the Frankfurt stock exchange which reflected the challenge for the company to make an impression functioning...

US Judge Halts TikTok Ban For Now, Users Can Continue To Download App

The order of the United States president Donald Trump’s administration to impose a ban on the Chinese owned short video sharing app TikTok in the US has been temporarily blocked by a federal judge. The Trump administration had planned to eliminate the app from smartphone app stores in the US....

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...