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US Regulator Accuses Google Of Violating US Labour Laws In Crackdown On Worker Organising

Its Digital Payments Business To Be Spun Off By Walmart's Flipkart

Reader's Pick

ABB Plans To Offload Three Businesses That Generate $1.75 Billion 11/19/2020

With Apple And Others Ramping Up 5G Phones, Qualcomm Forecasts Strong First Quarter 11/06/2020

'Rolling Review' Of Moderna’s Covid-19 Vaccine Started By Switzerland 11/14/2020

Wish IPO prospectus reveals heavy risks tied to e-retailer’s reliance on China 11/22/2020

Lessor Says Hybrid Engine Planes Expected To Be Developed By Airbus And Boeing As Next Generation Planes 11/21/2020

Latest Business News
US Regulator Accuses Google Of Violating US Labour Laws In Crackdown On Worker Organising

US Regulator Accuses Google Of Violating US Labour Laws In Crackdown On Worker Organising

Companies

Alphabet Inc's Google has been accused by the National Labor Relations Board of the United States of unlawfully monitoring and questioning several workers and then they were fired by the company for raising their voice against the policies of the company and trying to create a workers’ union at the company. A complaint to this effect was issued by the Board on Wednesday.   Employees were...
Its Digital Payments Business To Be Spun Off By Walmart's Flipkart

Its Digital Payments Business To Be Spun Off By Walmart's Flipkart

Companies

The digital business of the Walmart Inc-controlled Indian e-commerce firm Flipkart will be partially spun off, the company said on Thursday. Its digital payment app PhonePe will be spun off to broaden the businesses access to the capital markets for faster growth of the platform.   The Bengaluru based Flipkart said in a statement that it plans to raise as much as $700 million in primary...
China's SMIC And CNOOC To Be Added To Defense Blacklist By Trump Administration: Reuters

China's SMIC And CNOOC To Be Added To Defense Blacklist By Trump Administration: Reuters

Companies

A blacklist comprising of alleged Chinese military companies will soon have China’s top chipmaker SMIC and national offshore oil and gas producer CNOOC, claimed a report published by the news agency Reuters.    The administration of the United States president Donald Trump is poised to make the additions which will reduce the access of the companies to investors in the US while also...
Taiwan's GlobalWafers In Advanced Stage Negotiations For Acquiring German Rival Siltronic

Taiwan's GlobalWafers In Advanced Stage Negotiations For Acquiring German Rival Siltronic

Companies

Negotiations between the German firm Siltronic and the third-largest maker of semiconductor wafers of the world GlobalWafers of Taiwan are at an advanced stage for the acquisition of the German firm by the Taiwanese firm, GlobalWafers confirmed on Monday. The Taiwanese company said that the deal is potentially worth an estimated $4.5 billion.   Statements were issued by both the companies...
Japanese Airline ANA To Issue New Shares To Raise $3.2 Billion To Finance Purchase Of 787 Jets

Japanese Airline ANA To Issue New Shares To Raise $3.2 Billion To Finance Purchase Of 787 Jets

Companies

Japanese airlines ANA Holdings has decided to continue to purchase the wide bodied 787 planes from Boeing according to its pre-pandemic orders for the planes to the company even while deliveries of such planes are being deferred and delayed by many other airlines across the world in order to protect their finances from depleting.   In addition to forecasting the decline in international...
Facebook Could Launch Its Libra Crypto Currency As Early As January: FT

Facebook Could Launch Its Libra Crypto Currency As Early As January: FT

Companies

Facebook is getting all ready to launch its crypto currency Libra as soon as January next year, according to a report published in the Financial Times on Friday based on unidentified sources who are directly associated with the project.   One of the sources in the news report was quoted by FT as saying that the launch of a single digital coin backed by the dollar is being planned by the...
Guilty To Criminal Charges Agreed To By OxyContin Maker Purdue Pharma

Guilty To Criminal Charges Agreed To By OxyContin Maker Purdue Pharma

Companies

In the opioid crisis case in the United States, Purdue Pharma LP pleaded guilty to criminal charges related to its efforts in handling of its addictive prescription painkiller OxyContin. This acceptance of guilt brought to an end investigation into the drug maker’s role in the crisis and a deal that was previously struck between the company and US federal prosecutors.   Purdue pleaded...
Pfizer-BioNtech Covid19 Vaccine Being Reviewed By UK Medical Regulator

Pfizer-BioNtech Covid19 Vaccine Being Reviewed By UK Medical Regulator

Companies

Data from Pfizer/BioNTech about its recently concluded clinical trials for its Covid-19 vaccine us being reviewed by the Medicines and Healthcare products Regulatory Agency’s (MHRA) of the United Kingdom, the government said, which will be used for determining whether the vaccine candidate is able to satisfy the "robust" standards of quality, safety, and effectiveness.     ...
IATA Forecasts Global Airline Loss Of $157 Billion In Next Two Years

IATA Forecasts Global Airline Loss Of $157 Billion In Next Two Years

Markets

The forecast for the global airline industry was downgraded by the largest global body of the industry on Tuesday because of a second wave of coronavirus infections and restrictions and shutdown being implemented in the major markets and warned that this year and next, the global airlines industry is on course to make a loss of a total of $157 billion.   In June, forecast of losses of $100...
Local Hydrogen Trains Trial Launched By Siemens And Deutsche Bahn

Local Hydrogen Trains Trial Launched By Siemens And Deutsche Bahn

Companies

Development of trains that are powered by fuel cells that have hydrogen as the fuel has been started by Siemens Mobility and Deutsche Bahn. The two companies are also developing a filling station which will be trialled in 2024. The aim of the companies is to replace diesel engines in trains in the local rail networks in Germany.   Electric railcar Mireo Plus is the basis for the...
Draft Anti-Monopoly Rules Of China Are 'Timely And Necessary', Said Alibaba CEO

Draft Anti-Monopoly Rules Of China Are 'Timely And Necessary', Said Alibaba CEO

Companies

The new rules that have been drafted by China and aimed at preventing market dominance and monopolistic behaviour of internet platforms and digital companies was described as being "timely and necessary" by the CEO of China’s tech giant Alibaba Group, Daniel Zhang on Monday.   The policies of the Chinese government have helped Chinese internet companies to move on to the forefront of the...
Official US President’s Account - @POTUS, To Be Handed Over To Biden By Twitter And Facebook On Jan. 20

Official US President’s Account - @POTUS, To Be Handed Over To Biden By Twitter And Facebook On Jan. 20

Companies

Control of the @POTUS account will be handed over to the Joe Biden administration by Twitter Inc and Facebook Inc on January 20 – the say that he is slated to officially take over as the president of the United States, the two social media companies have said.   The @POTUS account is recognised as the official account of the President of the United States on both the social media...

World

Japan PM Pledges Carbon Neutrality By 2050

Japan PM Pledges Carbon Neutrality By 2050
Japan, the third largest economy of the world, will become carbon neutral by 2050, said the country’s prime minister, Yoshihide Suga. This is the latest efforts of the Japanese government at tackling...

UK Set To Cancel Extradition Treaty With Hong Kong, Says British Newspapers

UK Set To Cancel Extradition Treaty With Hong Kong, Says British Newspapers
Taking its dispute and tensions with China a step further, the UK government decided to suspend an extradition treaty that its it had with Hong Kong because of the imposition of the new controversial...

Virus Pandemic Forces Japanese Government To Declare Emergency For Tokyo, Osaka

Virus Pandemic Forces Japanese Government To Declare Emergency For Tokyo, Osaka
Japanese Prime Minister Shinzo Abe declared a declared a state of emergency in Tokyo and its surrounding regions over the growing threat of the coronavirus pandemic and warned that capacity...

Study Warns Of Second Waves Of Covid-19 Due To Early Lifting Of Lockdowns

Study Warns Of Second Waves Of Covid-19 Due To Early Lifting Of Lockdowns
According to researchers, a second wave of infection of the coronavirus could be delayed in China by extending the closures of school and work at the ground zero of the pandemic. Researchers also...

Japan's Abe Hints At Postponement Of Coronavirus

Japan's Abe Hints At Postponement Of Coronavirus
It there is a possibility that the Summer Olympic Games in Tokyo could get delayed or get postponed because of the coronavirus pandemic ravaging the world, said the Japanese Prime Minister Shinzo Abe...

People

More Than 1,200 Ventilators Donated To California By Tesla CEO Elon Musk

More Than 1,200 Ventilators Donated To California By Tesla CEO Elon Musk
Even though he had initially been skeptical of the coronavirus pandemic, Tesla chief executive office Elon Musk has since helped the authorities in California to acquire much needed medical supplies...

Teenage Climate Activist Greta Thunberg Wants Ot Trademark Her Name

Teenage Climate Activist Greta Thunberg Wants Ot Trademark Her Name
Teenage Swedish climate activist Greta Thunberg is looking to trademark her own name as well as that of her movement as she says that the names are being misused by ‘impostors’ and marketers. This...

Jeff Bezos' Phone Hacking Allegedly By Saudi Hackers Needs To Be Investigated, Says The UN

Jeff Bezos' Phone Hacking Allegedly By Saudi Hackers Needs To Be Investigated, Says The UN
Reports of the alleged use of a WhatsApp account belonging to Saudi Crown Prince Mohammed bin Salman for delivering a malware to the mobile phone of Amazon CEO Jeff Bezos has made experts at the...

Facebook's Zuckerberg Will Focus On Long Term Goals Instead Of Annual Ones

Facebook's Zuckerberg Will Focus On Long Term Goals Instead Of Annual Ones
No more annual targets for Facebook Inc Chief Executive Officer Mark Zuckerberg. The co-founder of the largest social media company of the world said on Thursday that he would no longer focus on the...

Japanese Prosecutors Want To Arrest Ghosn’s Wife To Rein In The Former Nissan Boss

Japanese Prosecutors Want To Arrest Ghosn’s Wife To Rein In The Former Nissan Boss
An arrest warrant on charges of alleged perjury was issued against the wife of Carlos Ghosn by Japanese prosecutors on Tuesday in an effort of the prosecutors to bring back Ghosn into Japan and make...

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