United States based technology giants operating in India are not yet ready to make the first payment of the digital tax imposed by the government that is due this week, said a lobby group representing those tech firms. The lobby has urged the government to defer the move to impose the tax for the...

The US authorities want to consider a possibility of banning the popular application Chinese TikTok in the country. The corresponding statement was made by Secretary of State Michael Pompeo on Fox News. There are over 30 million TikTok users in the United States. The Secretary of State was asked...

The Financial Reporting Council (FRC) of the United Kingdom presented its new principles for the work of audit firms. The regulator requires the “Big Four” audit and consulting companies - KPMG, PwC, Deloitte and EY - to individualize the audit as a separate business. If the FRC requirements are...

The Atlantic Coast Pipeline (ACP) gas pipeline project is closed amid uncertainty with prices and regulation, the project’s organizers Dominion Energy and Duke Energy said in a press release. "Despite a convincing victory in the Supreme Court - seven for, two against - which confirmed the viability...

The impact of he novel coronavirus pandemic on the global airline industry is being reflected throughout the industry.   About 7,580 jobs, or 17.5% of its current workforce is being planned to be cut down by Air France over the next few years, the airline has announced. It is also expected...

An investment of $500m (£400m) is to be made by the United Kingdom in the failed satellite firm OneWeb so that it would be possible to replace the need for use of European Union’s Galileo sat-nav system.   OneWeb was working on an expensive project to build a spacecraft network to deliver...

A day prior to eh United States based electric car maker Tesla Inc. posted better-than-expected quarterly results, the company went past Toyota to become the most valuable car maker of the world.   During the most recently ended quarter, Tesla delivered 90,650 vehicles compared to the 74,130...

NPC International, one of the largest franchisee restaurant chains in the United States, has filed a lawsuit to protect against creditors under Chapter 11 of the American Bankruptcy Code. The company manages over 1200 Pizza Hut and 385 Wendy's restaurants. In 27 states, the company employs about...

New outbreaks of the COVID-19 coronavirus in the United States forced Google to postpone opening of offices. The company was about to return some employees from remote work in July, but will now wait until the fall. Google sent a memo to its employees, from which it follows that all of the...