Business
Business news, market analysis, and corporate updates. Expert insights on companies, industries, and economic trends driving global commerce.
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China’s new investment law: yay or nay?
The Chinese government on January 1 launched its new Foreign Investment Law (FIL) which allows it to further…
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Ikea Agrees to $46 Million Settlement in Toddler’s Dresser Death
On January 9, 2020, IKEA announced a $46 million settlement with the parents of Jozef Dudek, a two‑year‑old…
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Facebook bans deceptive, modified media
Facebook’s Global Policy Management President Monika Bickert said they have removed modified images and videos that were intended…
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Australia’s bushfires hit businesses leading to more than $2 billion economic cost
Several companies in Australia, including resorts, factories and insurance firms, have been reportedly hit as the summer’s devastating…
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UK Government Disputes HS2 Project’s Alleged Out of Control Costs
On 7 January 2020 the British government dismissed assertions made by Lord Berkeley, deputy chair of the HS2…
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UK’s Clydesdale and Yorkshire Banks hit due to customers’ wage delays
Clydesdale and Yorkshire Banks left thousands of customers without expected wages on 6 January 2020 after overnight payment…
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Clydesdale and Yorkshire Banks Miss Wage Payments for Thousands Suddenly
On the morning of 6 January 2020, customers of Clydesdale Bank and Yorkshire Bank discovered that expected wage…
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Totok Messaging App Returns to Google Play Store Suddenly Again
Totok, a messaging application created by a company based in the United Arab Emirates, became available again on…
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Virgin Money UK Admits Payday Payment Failure
By mid-morning on 6 January, the social media feeds of thousands of Clydesdale and Yorkshire Bank customers were…
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Amazon HR Warned Employees to Stop Climate Criticism
On Monday morning, a software engineer in Seattle opened an email from Amazon’s human resources department. The message,…
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Amazon Employees Face Termination Over Environmental Policy Criticism Claims
Allegations have emerged that Amazon may have threatened the jobs of staff members who publicly criticized the company’s…
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China’s Ant Financial applies for banking license in Singapore, joining Grab and Razer
Shortly after Razer and Grab, world’s highest-valued FinTech company “Ant Financial” applied for a digital wholesale banking license…
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Ant Financial Seeks Digital Banking License in Singapore Market
Ant Financial, the Chinese payments company recognized as the world’s most valuable financial technology firm, has submitted an…
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Uber Co-Founder Travis Kalanick Resigns from Company Board Effective December
Travis Kalanick, the 43-year-old co-founder of Uber, will resign from the company’s board of directors effective December 31,…
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Uber Co-Founder Travis Kalanick to Leave Company’s Board December 31
Travis Kalanick, the co-founder of Uber Technologies Inc., will step down from the company’s board of directors on…
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Tesco Halts Production Over Prison Labor Claim in Christmas Cards
Christmas cards stocked by Tesco are now sitting idle after the retailer halted production at Zhejiang Yunguang Printing,…
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Tesco Supplier Denies Forced Prison Labor Claims
On December 26, 2019, Zhejiang Yunguang Printing, a Chinese supplier for British supermarket chain Tesco, denied allegations that…
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Chinese supplier of Tesco claims prison labor allegations untrue
On December 26, 2019, Zhejiang Yunguang Printing, a Chinese supplier for British supermarket chain Tesco, denied allegations that…
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Tesco Halts Chinese Factory Production After Prison Plea Found in Card
/ HTML. 450-560 words. We need to include all facts: charity Christmas card bought from Tesco store in…
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Tesco Ends Production at Chinese Factory Over Forced Labor Allegations
On December 24, 2019, British supermarket chain Tesco suspended operations at a supplier factory in China following allegations…
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Philippine SEC Revokes Robocash License Over Unauthorized Expansion
The Securities and Exchange Commission of the Philippines revoked the operating license of Robocash Finance Corporation on December…
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“Smear campaign” against Emirati products shut by Dubai
The Dubai Media Office (DMO) has forcefully shut what it considered as a systematic smear campaign against products…
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Tech Giants Sued Over Child Labor Deaths in Congo Cobalt Mines
A class-action lawsuit filed December 15, 2019, in Washington, D.C., accuses Apple, Dell, Google, Microsoft, and Tesla of…
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Five top tech firms face lawsuit over child death in DRC
Apple, Dell, Google, Microsoft, and Tesla were named in a federal class-action suit filed in Washington on 15…
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