The White House is holding a virtual CEO summit on Monday where President Joe Biden is scheduled to meet with executives from the auto, tech, biotech and consumer electronics industries. The discussions are expected to focus on the ongoing semiconductor chip shortage that's costing automakers billions and forcing massive temporary layoffs. Biden has backed proposals for tax incentives to U.S. […]
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Beijing tightens the screws Over the weekend, Chinese officials fined Alibaba a record $2.8 billion over antitrust violations. It was the biggest penalty yet as the Chinese government scrutinizes Jack Ma’s business empire — and it served as a warning for the country’s other internet giants. The fine was linked to Alibaba’s locking of merchants into its sales platform, according […]
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SHANGHAI–Alibaba’s Hong Kong-listed shares jumped 6.5 percent to close at 232.20 Hong Kong dollars Monday, its first day of trading following remarks from its top management about the anti-trust penalty. China’s State Administration for Market Regulation on Saturday handed down a 18.23 billion renminbi, or $2.78 billion, fine on the tech platform, one of the largest fines ever levied by […]
Read moreA drastic fall in new COVID cases and deaths was reported in the United States on Sunday. With just 296 COVID-related fatalities, the U.S. total increased to 562066, according to the latest data from Johns Hopkins University. This is less than one third of the 7-day average of 993. 48147 new cases were reported in the same period, taking the […]
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India reported more than 168,000 new cases over a 24-hour period on Monday, according to health ministry data. Around 83% of the new infections were reported in 10 states, including the western state of Maharashtra, home to India's financial capital Mumbai. Since the beginning of April, India has reported more than 1.37 million cases, bringing the country's total number of […]
Read moreTexas Gov. Greg Abbott is pushing for the state to become a Second Amendment sanctuary. Second Amendment sanctuaries ignore federal or state gun laws they consider restrictive. In recent years they’ve become a tactic among gun rights advocates to push back against federal restrictions. See more stories on Insider’s business page. On Thursday, Texas Gov. Greg Abbott tweeted in support […]
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Nicola Sturgeon appears in SNP election campaign advert When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. Our Privacy Notice explains more about how we use your data, and your rights. You can unsubscribe at any time. Strategists were speaking after a […]
Read moreAt the end of the Q3 FY21 Infosys had cash and investment of $4.5 billion. Information technology (IT) services major Infosys, in a listing to the BSE, said its board would consider a proposal for buyback of fully paid-up equity shares of the company. The board is set to meet on April 14. This will be the third buyback of […]
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Nike may have settled its lawsuit with MSCHF over the collective’s Lil Nas X “Satan Shoes,” but the controversy leaves lots of questions for both brands looking to be more litigious and for resellers. After being granted a temporary restraining order on April 2 to halt the sale of 666 pairs of the $1,080 “Satan Shoes,” Nike’s settlement calls for […]
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