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Consumer Watchdog Of The US Targeting Repeated Corporate Misbehaviour

The Consumer Financial Protection Bureau (CFPB) of the United States announced on Monday that it aims to create "dedicated units" inside its enforcement and supervision divisions to better discover repeat corporate violators.   Rohit Chopra, who became director of the Consumer Financial...

Deal On Rules Requiring Tech Firms To Control Content Could Be Reached In April: EU's Vestager

According to EU antitrust chief Margrethe Vestager, a deal between European Union governments and EU parliamentarians that would oblige large internet firms to do more to police the material and content published on their platforms, could be reached by next month.   Vestager had introduced...

EU And The US Reach Agreement On New Data-Sharing Deal, Providing Some Relief To Big Tech

The European Union and the United States declared on Friday that they had reached a "in principle" agreement on a new framework for cross-border data transfers, bringing much-needed respite to internet behemoths like Meta and Google.   For more than a year, authorities on both sides of the...

Argentina's Crucial $45 Billion Programme Will Be Decided By The IMF Board

According to two sources, the International Monetary Fund (IMF) will make a decision on Argentina's $45 billion programme on Friday, with the country expected to cross the final obstacle to renegotiate its debt with the Washington-based lender.   The accord would be Argentina's 22nd IMF...

US Reintroduces 352 Chinese Product Exclusions From Tariffs

The Office of the United States Trade Representative (USTR) has announced that it had reintroduced 352 product exclusions from U.S. "Section 301" tariffs on Chinese imports that had already expired. The number of inclusions however was far lower than the 549 exclusions that the UST had been...

Swiss Authorities Have Placed A Freeze On Over $6 Billion In Sanctioned Russian Assets

According to reports quoting an official of the government of Sweden, the Swiss government has frozen roughly 5.75 billion Swiss francs ($6.17 billion) in Russian assets in Switzerland that are subject to sanctions, and the sum is certain to climb.   "Today, for the first time, I can give...

In 2021, Worldwide Music Market Was Valued At $26 Billion Dollars

With the support of singers like BTS, Taylor Swift, and Adele, global music earnings climbed at their quickest rate in more than two decades last year.   In 2021, revenues increased by 18.5 per cent to $25.9 billion, the most since records began in the 1990s. Streaming was the main driver of...

Oil Prices Surge Over News Of EU Mulling Russian Oil Ban, And Hit To Saudi Refinery Production

Oil prices rose $3 on Monday, with Brent topping $110 a barrel, as European Union countries consider joining the US in a Russian oil embargo, while a weekend attack on Saudi oil installations sparked fears.   Brent crude futures were up $3.44, or 3.2 percent, to $111.37 a barrel by 0443 GMT,...

Foreign Companies Exiting Russia Will Have Their Assets Seized, Warns Putin

Russian integration into the global consumer economy was believed to be symbolized by the “Evropeisky” mall in Moscow as its atriums were named after cities such as London, Paris and Rome.   But, in the two weeks since Russia invaded Ukraine, major sections of the seven-story retail mall...

JPMorgan Suggests Businesses Should Recruit Unconventionally, Including Those With Criminal Records

Since the start of the Covid-19 pandemic, companies around the world have been experiencing a labour shortage, which has hampered production and raised costs.   Companies may prevent this problem by recruiting neurodiverse employees and those with criminal histories, according to JPMorgan...

Large Exposure To Russian Markets Detailed By UniCredit, And BNP Paribas

The latest banks to disclose their Russian exposures are UniCredit of Italy and BNP Paribas of France as the two lenders warned that the financial impact from Russia's invasion of Ukraine might cost billions of euros to them.   After the West imposed harsh sanctions on...

List Of Western Brands Leaving Russia Joined By More Brands Including Nestle, Tobacco Groups, Game-maker Sony

Video gaming company Sony along with Nestle, and Philip Morris, decided to join a growing list of multinationals that are shying away and leaving the Russian market on Wednesday, with increasing pressure from the consumers of these companies in the West severely criticise the Russian invasion of...
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