The $39 billion acquisition of the United States based firm Alexion by the British pharma giant AstraZeneca is being reviewed by the competition regulator of the United Kingdom because of its concerns that the company formed by the merger will have a negative impact on completion in the industry in the UK and elsewhere. Comments…
Pressure is increasing on the global restaurant chain McDonald’s in the United Kingdom to turn to plant-based foods in its menu with activists from campaign group Animal Rebellion blockaded distribution centres of the company in the country. The group said that lorries of the company were prevented from leaving McDonald’s four distribution centres in the…
Plan for a potential 4 billion euro ($4.9 billion) offshore wind power project aimed to reduce the emissions at most energy intensive industrial site in Germany was announced recently this week by the chemicals giant BASF and German utility RWE. The plans include building a 2 gigawatt (GW) offshore wind park by 2030 by RWE…
Demand of an employee union of Renault-Nissan in India of discontinuing working at the company’s factory because of ignoring of Covid-19 safety protocols was reject in an Indian court by the company arguing that it needed to continue production at its car plant to meet orders, showed legal documents according to reports. A legal tussle…
The largest e-retailer of the world Amazon.com Unc has been slapped with five new lawsuits filed by women alleging gender bias, racial bias or both against them by the retailer. All of the women worked in corporate or warehouse management roles and are aged between 23 to 64 years. In the law suits, the women…
A new research has found that carbon emissions in China is being pushed to record highs with the country’s strategy to get out of the pandemic induced slowdown by boosting the construction sector of the country. A report from the Centre for Research on Energy and Clean Air (CREA) stated that in the first quarter…
After an intense call by a China to crack down on mining and trading of bitcoin, the price of the crypto currency tumbled significantly on Friday. Tighter regulation is needed to protect the financial system of the country, Chinese Vice Premier Liu He and the State Council said in a statement. It is necessary to…
A strategic partnership has been struck between Microsoft’s China arm and the Chinese retail tech company Hanshowm, the software giant said. The two companies will work on offering cloud based software for store operators globally. This is the latest venture for Microsoft in a retail industry that is facing the pressure of shifting fast towards…
Two companies owned by media entrepreneur Byron Allen have sued McDonald’s Corp for at least $10 billion. In the case, the companies accused the fast-food chain of engaging in racial discrimination as it did not allot enough advertisements to media outlets owned by black people. The “racial animus and racial stereotyping” in allocating ad dollars…
JD Logistics Inc, which was spin off from e-commerce major JD.com Inc, will likely price shares at HK$40.36 ($5.20) in its initial public offering (IPO) at Hong Kong which will be towards the lower end of its flagged range, said reports quoting source information. The sources were not identified in the reports. There were…
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